I am trying to work out how best to use two figures given on the Stock Reports to their best advantage and would appreciate some help.
Relative Strength Index- It seems logical that a share should ideally have positive readings for all three periods showing the share is outperforming the market . Presumably a negative figure for '1 month' is acceptable as it could just indicate a temporary fluctuation.
I am less clear about how one might use the 52 week-high figure and I find the explanation given on the Stocko website confusing. Presumably a modest number can also be attributed to 'temporary fluctuation' but when does it become more concerning-that the share has reached its peak? Say 15/20%?
What does anyone think?
