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Also in traditional technical analysis, the bearish signal is stronger when a stock closes at or near the low of the day, which is the case in Apple stock.
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If the technical readings for the overall market had been stronger I would have been more likely to hold on to the entire long position.
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The daily technical studies are positive and do look much stronger.
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The company has decided against making it even stronger, says Rich Walker, Shadow Robot's technical director, because that might be dangerous.
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The team's technical director, Ross Brawn, believes the red machine has never been stronger in his time at Maranello.
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Earnings, bolstered by overseas strength, should help power chemical stocks in the long run, and while a stronger dollar could curb profitability, fat yields and a strong technical picture is producing good synthesis with traders.
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The precious yellow metal was pressured by a stronger U.S. dollar index and by the present weak near-term technical posture for gold.
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The weaker U.S. dollar index helped to boost copper today, as did some stronger economic data from Japan and the U.S. The bulls have fresh upside technical momentum.
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