STOCK TRADING ABOVE /BELOW PREVIOUS DAY HIGH/LOW
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Stock Trading Above Previous Day's High:
- This indicates that the current market price of the stock is higher than the highest price it reached during the previous trading day.
- It could be seen as a bullish signal, suggesting positive momentum and potential strength in the stock. Traders and investors may interpret this as a sign of upward momentum and may consider it a buying opportunity.
Stock Trading Below Previous Day's Low:
- This means that the current market price of the stock is lower than the lowest price it reached during the previous trading day.
- Trading below the previous day's low could be interpreted as a bearish signal, suggesting potential weakness or downward pressure on the stock. Traders and investors may view this as a sign of possible further declines and might consider it a selling or shorting opportunity.
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