My metric for everything I look at is the 200 - day moving average of closing prices. (25iq.com)
With this setup, the one - day volume spike should be at least 2.5 to 3 times greater than the 50 - day moving average of volume. (morpheustrading.com)
For example, entering 4 to 5 new long positions while the major averages are still below their 20 - period exponential moving averages on the hourly chart is dangerous. (morpheustrading.com)