Sentences with phrase «signals upward momentum»
When the MACD is above zero, the short - term average is above the long - term average, which signals upward momentum.
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Technical traders use a break above resistance to signal a good opportunity to buy because a resulting surge of upward momentum commonly follows.
A move above resistance is used as a buy signal because an increase in upward momentum often follows the breakout.
That's some slight upward momentum but not enough to really signal a notable rise for mortgage rates.