Don't Ignore This Chart!

Technical Ranks Surge for Walgreen and GM

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The image below shows a screen shot from the home page with SCTR tables for large-caps and ETFs. The "top up" tab was selected to focus on the biggest gainers. Notice that the StockCharts Technical Rank (SCTR) for GM moved above 50 and the SCTR for Walgreens moved above 70. Both are showing relative strength this week. The ETF table shows the China Tech ETF (CQQQ) with a big surge in relative strength. You can read more about the StockCharts Technical Rank (here). 

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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