Let's take a look at some Guppy Multiple Moving Average charts (aka Guppy MMA, or GMMA) for the best and worst performing stocks from yesterday's all-time high performance recap and for the broad market indexes.
Best performing stocks. Here are the three best performers. In all cases (SMLC, MED, NRGP) the short-term moving averages (red) stayed above the longer averages (black) over the past 6 weeks.
Worst performing stock. After a huge move, PEET collapsed back to below the long-term averages.
US Stock Market Indexes. A pretty bad reversal day yesterday. Despite this, uptrends are in tact for SPY and QQQQ, and the small caps (IWM).
Chinese (FXI) and Canadian (EWC) Stock Market Indexes are currently at decision points as the short and long term averages collide.
All charts were made using closing prices, adjusted for splits and dividends, from Yahoo Finance.
Related Post: Last Week's Guppy Charts
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