Over 60% of Nasdaq Stocks above their 200-day

The percentage of Nasdaq stocks that are trading above their 200-day moving average reached its highest level since early 2006. As the chart below shows, fewer than 10% of Nasdaq stocks were trading above their 200-day moving average in March. With the March-June rally, 60.46% of Nasdaq stocks are now trading above their 200-day moving average.

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