
Ep. 78: Brian Shannon: This Trading Strategy Will Help Protect Profits In A Market Pullback
Investing With IBD
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The Average Price Paid for a Stock
The stock was clearly undergoing profit taking, but there were dollar cost averages, you know, working into the stock. It's above the 20 and 50 day moving average. Relative strength is increasing. We have a good revenue increase, losses are, well, losses are losses, I guess, versus profitable last year. Anyways, so the average price paid is starting to flatten out. And it's about 142, 143, somewhere in there. So now it tells us that,you know, the average long participant is starting to feel a lot better about this stock. But if you have demand from the longs who've been kind of building that, that base in there over the last
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