Money Flow For CLS has Turned Bearishhttps://www.stockhouse.ca/shfn/jan01/012401ca_money.asp
Toronto, ONT, January 24 /SHfn/ -- Money Flow has turned bearish on Celestica [T.CLS]. Over the past four weeks, the contract electronic manufacturer has seen its stock move $27.95 higher. Yet during the same period, the shares suffered a negative money flow of just over $21 million.
StockHouse's weekly Money Flow column attempts to gauge the conviction behind price moves by examining the number of shares traded each time a stock price changes. For an explanation of the concept, click here.
Normally, a stock's price moves in step with its money flow: for example, a higher stock price translates into positive money flow. But when the two diverge, it may indicate a buying or selling opportunity.
The above graph, covering the period from December 1, illustrates the separation between Celestica's rising stock price (white line, left-hand scale) and its increasingly negative money flow (red line). This divergence suggests the shares could be poised for a reversal to the downside.