The uptrend was tested twice more in November (circle F) before IYE was able to rally impressively through resistance at line C on strong volume (line G).
The rebound picked up steam in September and early October, but the volume stayed low, line c.
Interestingly, Class C properties are experiencing the largest increase in volume of applicants, as well as the largest effective rent growth.
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The on-balance volume broke through its resistance, line c, with prices.
The daily on-balance volume (OBV) broke its downtrend, line c, in November and is still rising strongly.
The volume was strong last summer as the on-balance volume (OBV) broke through major resistance, line c, in July.
The daily on-balance volume (OBV) moved through its resistance (line c) in October, and has held above its WMA on the recent correction.
The on-balance volume (OBV) broke through seven month resistance, line c, in January and has just overcome the resistance (line b) that goes back to March 2012.
The on-balance volume (OBV) shows a pattern of higher highs, line c, which confirms the price action.
The volume surged in October as the daily OBV broke its downtrend, line c, and still looks very strong.
The on-balance volume (OBV) had been locked in a trading range (line c) since September 2010 but broke out to the upside in early March.
On-balance volume (OBV) confirmed the breakout when it moved through resistance at line c.
The weekly on-balance volume (OBV) has broken through the resistance that goes back to early 2011 (line c) and shows a solid uptrend (line d).
There was another low-volume pullback in late December before BAC gapped to the upside on over 350 million shares, line c.
The daily volume surged last week, as the downtrend that goes back to early in the year (line c) has been decisively overcome.
Volume was especially heavy last week at 131 million shares as the OBV has broken support (line c) that goes back to early 2012.
The on-balance volume (OBV) has been very strong in 2013 as it moved through eighteen month resistance, line c.
The monthly on-balance volume is very close to the March highs, and is well above its WMA and support (line c).
Daily on-balance volume (OBV) did not make new lows in October and has now broken through resistance at line c.
The daily on-balance volume (OBV) broke its uptrend on October 10, and needs to overcome its downtrend (line c) to turn positive.
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