17-DEC-2008 Top Industry: Close-End Fund - Debt

Wednesday, 17 December 2008 23:54 by Admin

"Close-End Fund - Debt" top todays most bullish industry with an average change of +7.14%Smile. The BL/BR ratio for this industry is 0.49(highest is 1) which is not really high but the average count of 29.5 was the significant factor of putting the stock on top. That count is the average of the 44 bullish stocks and 15 bearish stocks which is a very high number for a single industry. A close-end fund is a type of investment company whose shares are listed on a stock exchange or are traded in the over-the-counter market. Click here to learn more about close-end fund.

"Steel & Iron" and "REIT - Retail" came in second with 8 bullish stocks and only 1 bearish stock for each industry. REIT - Retails was second most bullish industry from yesterday's scan.

Third are "Gold" and "Industrial Electrical Equipment". Gold was the most bullish industry from yesterday's scan and also the most bullish for the last  5 days. Today gold index is forming a bearish inverted hammer which indicates the rally is getting weak. Click here to view Gold&Silver Index chart in PDF.

17-DEC-2008 bullish industres

Yahoo top performing industries

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