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Wednesday, March 14, 2012

BTH

BTH is another breakout that did not pull back. This one did not participate, other than a one day big move, in the January rally, and really didn't start moving until mid-February. Just out of curiousity I looked up it's price relative score, which is 40 adv, 0 nh, and 40 total. 40 is mediocre at best as a total score, but might be pretty good for an advancing score. I have been thinking that the advancing score might actually be the more important of the 3 scores, especially when a stock is coming off the bottom of a long base and has no new highs in price relative.

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