Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Support MFO
Donate through PayPal
Biotechs Beating The Market, But Are They In Buy Range?
In the linked article, I found that the graphs' red line must be the 50-day (simple) moving average. However, I did not find a definition of "buy range" or "buy zone," or what the graphs' blue line is.
Hi @Tony You noted: " However, I did not find a definition of "buy range" or "buy zone," or what the graphs' blue line is." Agree. I did enlarge (bottom right corner, 4 diagonal arrows) the graphic and found the blue line is relative strength vs SP500.
Another chart view (3 year), of which; you have already viewed in one fashion or another.
Comments
You noted: " However, I did not find a definition of "buy range" or "buy zone," or what the graphs' blue line is."
Agree.
I did enlarge (bottom right corner, 4 diagonal arrows) the graphic and found the blue line is relative strength vs SP500.
Another chart view (3 year), of which; you have already viewed in one fashion or another.
http://stockcharts.com/h-sc/ui?s=IBB&p=W&yr=3&mn=0&dy=0&id=p86325357921