More stocks are participating to the upside, signaling a healthier market

  • 📰 CNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 72%

NASDAQ 100 Index Nouvelles

S&P 500 Index,United States,Markets

Not only does the market's improving breadth bode well for current prices, but it can also herald strength in the future, according to Bank of America.

In recent weeks, more stocks are participating in the market's move to record or near-record highs. That improved leadership is just what is needed to signal a healthier outlook and put a stronger foundation beneath prices, according to a major Wall Street investment bank. "Market breadth breakouts support the bullish case," Bank of America technical analyst Stephen Suttmeier said in a 29-page report Monday.

What's more, a greater number of rising stocks in the third quarter shows that when there have been brief sell-offs in stocks, such as in early August and again in early September, "that weakness is 'seasonal' and not 'structural.'" Suttmeier looked at the historical trends for ratios of advancing stocks versus declining issues for the 15 most actively traded stocks by volume in the U.S.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Jobs key to resolve the autumn stock market drama says Bank of AmericaJobs key to resolve the autumn stock market drama says Bank of America
La source: Investingcom - 🏆 450. / 53 Lire la suite »

These high-quality small-cap stocks are a buy, Bank of America saysSmall-cap stocks that are high quality and inexpensively priced could provide a good hedge against future market volatility, according to Bank of America.
La source: CNBC - 🏆 12. / 72 Lire la suite »