Don't look now, but the
NYSE AD Line hit a new 52-week high this week. The AD Line is a cumulative measure of Net Advances (advances less declines). It rises when there are more advances and falls when there are more declines. This week's new high affirms the uptrend in this key indicator.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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