CMG may have entered a stage 4 downtrend.The price has reflected sharply off the 200 daily moving average and busted rapidly on enormous volume to the low of the previous volume base formed from the week of March 10th to the week of June 9th. The 200 daily moving average has turned over and is sloping downward, alongside the 50 daily moving average. CMG has...
GWW is showing a possible entry of a stage 3 distribution range, and into a stage 4 decline. The price recently busted below the 50 and 200 smas, and with large volume, has failed to recover above them. The 50 and 200 moving averages have begun to turn over. GWW has demonstrated poor relative strength (SPX). While the distribution services sector remains generally...
