Don't Ignore This Chart!

New highs still outpacing new lows $BA

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A look at the predefined scans page shows new 52-week highs outpacing new 52-week lows by a wide margin. In fact, new lows are quite minimal, which is hardly surprising considering the current rally is some 55 weeks old. The Aerospace group is well represented with Boeing (BA), General Dynamics (GD), Northrop Grumman (NOC) and Rockwell Collins (COL) all hitting new 52-week highs.

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Arthur Hill
About the author: , 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. Learn More
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