The IBD Industry Groups Bell Curve – Bullish Percent further improved over the last week, moving further into the Stage 1 zone (40% to 60% range), with an additional +10.5% of groups moving out of the Stage 4 zone (below 40%), and an additional +8% of groups moving into the Stage 2 zone (above 60%).
The average distribution stands at 48.50%, and so the continued improvement has put the average distribution more firmly into the Stage 1 zone (between 40% and 60%).
- 57 Groups (28.5%) are in the Stage 4 zone
- 93 Groups (46.5%) are in the Stage 3 or Stage 1 zone
- 50 Groups (25%) are in the Stage 2 zone
Average Distribution: 48.50% (+4.44% 1wk)
To compare against last weeks chart go to: IBD Industry Groups Bell Curve – Bullish Percent (29 July) and to see a more extreme comparison of how it looked at the June low go to: IBD Industry Groups Bell Curve – Bullish Percent (17 June).
Below is the data tables of the 200 IBD groups bullish percent in order of relative strength and the position changes over the last 1, 2 and 5 weeks.
Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.