Stock Trends symbols and indicator values are used to quickly and visually communicate the results of our moving average trend analysis.

Charting

The relationship of the Stock Trends symbols to the commonly depicted method of graphing moving averages and the related price history of a stock is illustrated in the following graph:

The Stock Trends weak bullish indicator () alerts readers to a possible change in trend. When the current closing price is more than 3% below its 13-week moving average while the 13-week moving average remains above the 40-week moving average, a stock is labeled with a weak bullish indicator.

The Stock Trends weak bearish indicator () alerts readers to a possible change in trend. When the current closing price is more than 3% above its 13-week moving average while the 13-week moving average remains below the 40-week moving average, a stock is labeled with a weak bearish indicator.

Stock Trends symbols and indicator values are used to quickly and visually communicate the results of our moving average trend analysis.

BEARISH Price Trends      

 Bearish Crossover (aka 'Newly Bearish')

· The stock’s Trend Category has changed from BULLISH to BEARISH. The 13-week MA, which was above the 40-week MA a week previous, has now moved below it. A stock exhibiting this Trends Symbol is in the 1st week of its new BEARISH Trend Category.
· Trading implications: generally considered a trade exit signal.

 Bearish (aka 'Strong Bearish')

· The closing price is below the upper limit of the 13-week MA envelope (i.e. less than 13-week moving average price + 3%). This indicates that the short-term bearish trend of the stock’s price remains relatively strong.
· Trading implication: generally considered a negative signal for holding. Trade exit signals already triggered.

 Weak Bearish

The closing price is above the upper limit of the 13-week MA envelope (i.e. greater than 13-week moving average price + 3%). This indicates that the short-term bearish trend is weakening, and will result in a Bullish Crossover m at some point unless the stock’s price falters below the 13-week MA envelope.
· Trading implication: generally considered an alert that the bearish trend has abated and that often implies a trade entry signal.

Stock Trends symbols and indicator values are used to quickly and visually communicate the results of our moving average trend analysis.

BULLISH Price Trends      

 Bullish Crossover (aka ‘Newly Bullish')

· The stock’s Trend Category has changed from BEARISH to BULLISH. The 13-week MA, which was below the 40-week MA a week previous, has now moved above it. A stock in this sub-category is in the 1st week of its new BULLISH Trend Category.
· Trading implications: often considered a good trade entry signal.

 Bullish (aka ‘Strong Bullish’)

· The closing price is above the lower limit of the 13-week MA envelope (i.e. greater than 13-week moving average price - 3%). This indicates that the short-term bullish trend of the stock’s price remains relatively strong.
· Trading implication: generally considered positive in terms of both trade entry and holding.

 Weak Bullish

· The closing price is below the lower limit of the 13-week MA envelope (i.e. less than 13-week moving average price - 3%). This indicates that the short-term bullish trend is weakening, and will ultimately result in a Bearish Crossover M unless the stock’s price can recover above the 13-week MA envelope.
· Trading implication: generally still considered positive in terms of holding, although it can be a strong exit signal. At the minimum, this alert calls for a review of the holding.

Stock Trends symbols and indicator values are used to quickly and visually communicate the results of our moving average trend analysis.

Trend Symbols – Quick Reference

Symbol	Trend Name	Trend Category	13-week MA vs. 40-week MA	Current Price vs 13-week MA 'Envelope'	Trading implication
	Bullish Crossover (New Bullish)	Bullish	Intersected (13-wk above 40-wk)	Above lower limit (-3%)	Buy Signal
	Bullish (Strong Bullish)	Bullish	13-wk Above 40-wk	Above lower limit (-3%)	Buy Signal
	Weak Bullish	Bullish	13-wk Above 40-wk	Below lower limit (-3%)	Hold/Sell Signal
	Bearish Crossover (New Bearish)	Bearish	Intersected (13-wk below 40-wk)	Below upper limit (+3%)	Sell Signal
	Bearish (Strong Bearish)	Bearish	13-wk Below 40-wk	Below upper limit (+3%)	Sell Signal
	Weak Bearish	Bearish	13-wk Below 40-wk	Above upper limit (+3%)	Monitor/Buy Signal

The symbols are assigned to a stock based on the relationship of three values:
1. The stock’s Current Price (most recent Friday close).
2. The 40-week moving average price (40-week MA).
3. The 13-week moving average price (13-week MA). An envelope of +/- 3% around the 13-week MA is also used to determine the symbol applicable to each stock.

Each Trend Symbol falls into one of two Trend Categories – BULLISH or BEARISH, determined by the relationship of the 40-week and 13-week MA values.
If the 13-week MA is greater than (above) the 40-week MA, a stock is categorized as BULLISH. If the 13-week MA is less than (below) the 40-week MA, a stock is categorized as BEARISH.

Individual Trend Symbols are based on:
1. Whether the Trend Category has changed from the previous week, and
2. The relationship of the Current Price and an ‘envelope’ of plus/minus 3% around the 13-week MA value.

If the Trend Category has changed from the previous week (i.e. the 13-week MA has intersected the 40-week MA line), then the stock will be given either a Bullish Crossover or Bearish Crossover symbol -  or . These are also referred to as “Newly Bullish” and “Newly Bearish” symbols, and are only shown in the 1st week of a Trend Category change. Once a stock has moved into a new Trend Category, in future weeks it will display one of the other two symbols (a solid or empty arrow) within the category until it changes to the other Trend Category.

Stock Trends symbols and indicator values are used to quickly and visually communicate the results of our moving average trend analysis.

A sample stock listing with Stock Trends indicators:

Trend	Trend Counter	RSI	Stock	Symbol	High	Low	Close	Chg	Vol(00s)	Hi/Low Vol Indicator
	5/25	104-	Microsoft Corp.	MSFT	26.86	25.37	25.80	+2.2	2599124

Note: Stock Trends indicators are applied only to stocks that have traded for at least 40+ weeks. A trading history of this period is required to calculate a 40-week moving average and categorize a primary trend.