Exercise #2


2.) The sector bullish percent chart is in O's and the sector just fell to 26%. Which of the following stocks listed below is the most likely to have been the worst performer in the sector.

Your answer was A. Stock A

Stock A: This answer is incorrect. Stock A's peer relative strength chart remains on a sell signal but notice that it has reversed up to make a higher bottom showing that nearer term, the stock is holding up better than the sector as a whole. This would be one stock to keep an eye on in the sector to see if that peer RS chart reverses up.

Go back to the question.