We track 4 stocks in the Telecom - Equipment & Accessories industry (part of Telecommunication), 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, 2 are still building a base; 1 broke out of a base in the last five sessions; and 1 broke out earlier and is still above the breakout level.
With only 4 stocks carrying a strength reading, this industry is too small to rank against the others, so we show its members but do not compute an industry-wide reading.
3 of the 4 stocks we could measure (75%) closed above their 200-day average price — the average close over the last 200 trading sessions.