Accenture, week 22 of a sell signal
Accenture: the week turns higher as a double bottom forms in the 120 area
Accenture, week 22 of a sell signal
In Summary
Week 22 of a sell signal on Accenture, and the week just closed tells a different story from the ones before it: +6.5%, with 91% of volume on the buy side. On the daily chart a double bottom has formed in the 120 area, with an intermediate rebound of 12%. The picture stays technically negative, and the signs of slowing are worth watching in the coming weeks.
IQS Phase
67
in tension
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#72 / 137
US stocks
Trade P&L %
+42.92%
from signal to today
restricted Platinum content