Moving Averages
10-Week Moving Average
Also called: 10-week, 10 week, 10-week MA, 10-week moving average
The average closing price over the last 10 weeks, plotted on the weekly chart. This is my primary support level for stocks in strong uptrends because institutional buyers tend to add positions near the 10-week and when a stock respects it for the first time after a character change that's a powerful entry signal.
On the Chart
In Context
“The main watch going into last week was the Nasdaq 10-week.”
Death by a Thousand Cuts·Digest
“TAN pulled back to the 10-week over the weekend, solar group showing relative strength across the board”
Death by a Thousand Cuts·Digest
“XLB had its first pullback since breaking out of a five-year base and buyers aggressively stepped in at the 10-week.”
Death by a Thousand Cuts·Digest
“The QQQ keeps fading each rally into the declining 10-week and at this point four consecutive weeks of that looks less like random chop and more like organized selling to me.”
Death by a Thousand Cuts·Digest
“QQQ weekly candle: rallied into declining 10-week and faded for the third consecutive time”
Death by a Thousand Cuts·Digest