Sentences with phrase «further bullish signals»
Additionally, new orders for U.S. factory goods posted a record gain in July and auto sales last month accelerated to their highest level in 8-1/2 years, offering further bullish signals for the economy.
http://www.flagstonemortgage.com/ Not exact matches
When the relative strength line is outperforming the price action of the stock (or the Nasdaq Composite in this case), it is a reliable bullish signal that often precedes further gains in price.
Given the force of the up move into last week's close we could see more bullish momentum in the coming days, traders can consider a long entry this week if the market retraces back down to support near 1.2875 or further below near 1.2750 and forms an obvious 4 hour or daily chart buy signal.
That doesn't mean we may not see further corrections, but for now, the bullish signals are converging.