Only one Nasdaq stock began a new uptrend today. Well... began a new uptrend as defined by the ADX indicator. ACI Worldwide Inc recently had a bullish 50/200 Moving average crossover (corresponding to a nice bump up on good volume) and now its ADX line has moved back above 20 for the first time this year. The ADX line - the thick black one - indicates if a stock is "trading" (i.e., moving sideways in a range) or "trending" (moving up or down fairly consistantly). The ADX line for ACIW is now indicating that the stock may be breaking out of its recent sideways ways and beginning to move higher. It's one of the few stocks with these kind of positive technical signals right now.
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