Stocks Hitting New Lows Break From Early 2013 Trend
Posted on March 04, 2013 at 18:59 PM EST
Sometimes a subtle shift is significant. Sometimes it's just meaningless noise. The new highs and new lows have added a new wrinkle in recent weeks. Through January, combined new lows -- the NYSE plus the Nasdaq -- averaged a measly 11 per day. Fast-forward to Friday, and there were 71 new lows and on Monday, there were 66 that met IBD's criteria, which doesn't count low-priced stocks or stocks with an EPS below 60. Meanwhile, new highs have become