We track 32 stocks in the IT - Software industry (part of Information Technology), each checked every evening for a base — a stretch where the price moves sideways in a range instead of trending.
As of the latest close, 28 are still building a base; 3 broke out but fell back below the breakout level; and 1 is not in a base we recognise.
The middle stock in this industry has a relative strength reading of 18 out of 99. That reading ranks each stock's price performance over the past year against every stock we track; half of this industry's 30 ranked stocks sit above 18 and half below. 4 stocks have a reading of 70 or higher.
7 of the 31 stocks we could measure (23%) closed above their 200-day average price — the average close over the last 200 trading sessions.