The NYSE 52 week new highs vs. new lows data is helpful is seeing how stocks are measuring up on a weekly basis. This indicator should not be used by itself, but it is a helpful tool to see if there is a trend. Weeks of above or below zero (0) indicate a shift. On this chart, you can see if began to break down in June and just recently peaked up over the line for the first time in 15 weeks.
Barron’s has great source data if you want to chart it yourself.
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