GREY:ATIVF - Post by User
Post by
rickfactoron May 16, 2008 2:04pm
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Post# 15082584
Anyone notice the Accumulation/Distribution Line?
Anyone notice the Accumulation/Distribution Line?I've never seen this indicator so high! It is literally through the roof (Refer to the chart below) The A/D line shows + 35 Million (Via RBC) since September 2007, some serious accumulation going on. The price is 20 cents below the Accum/Dist indicator which 90% of the time go hand in hand.
Of course this is one of many indicators, but its very rare you see it this strong. Ex: SVB is only at +5m, but at least the volume/accumulation followed the price.
Here is some info on the Accumulation / Distribution line:
https://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:accumulation_distribution_line