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Significance of advance,decline index

There are various tools available nowadays to predict the price of the stocks and market trend. One of the often-used technical indicators by the technical analysts is advance/decline index. This technical analysis tool helps the analysts to find the difference between the number of advancing and declining security prices. Technical analysts of Money Classic Research consider this tool as index of market movement. Other indicators like Dow Jones Industrial Average are only capable of finding the strength of 30 stocks however this indicator is capable of providing much more details into the movements of the markets. Thus, traders and technical analysts implement this technical indicator to generate the accurate stock future tips and commodity trading tips.

 

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Uploaded on June 1, 2016