T2108 Update – New Trading Rules After Market Ends A 414-Day Overbought Drought
March 02, 2016 at 07:07 AM EST
To be exact, T2108, the percentage of stocks trading above their respective 40-day moving averages (DMAs), went 414 trading days avoiding a close in overbought territory. T2108 just barely closed above the overbought threshold with a 70.8% finish.