Sentences with phrase «primary uptrend line»
Yet the long - term primary uptrend line that currently sits at 2,570, as of last Friday, continues to be a rising mark of technical support.
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Since selling off to «undercut» support of its 50 - day moving average two weeks ago, the inversely correlated ProShares UltraShort Euro ($ EUO) has been trading in a tightening, sideways range, holding above support of its primary uptrend line and 50 - day moving average.