Market Breadth

Market Breadth

On any given day, a stock price can do one of three things-close higher, lower, or unchanged from the previous day’s close. If a closing price is above its previous close, it is considered to be advancing, an “advance.” Similarly, a stock that closes below the previous day’s close is a declining stock, or a “decline.” A stock that closes at the exact price it closed the day before is called “unchanged.”

Source: Kirkpatrick, Charles and Dahlquist, Julie.Technical Analysis: The Complete resource for Financial Market Technicians; (c) 2007.