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Market breadth

How many stocks are participating in a market move.

Technical AnalysisIntermediate

Definition

Measures include the advance-decline line, the share of stocks above their 200-day average and the number of new highs versus new lows. A rally led by only a few giant stocks has narrow breadth and may be more fragile than one that most stocks join.

Watch out for

Breadth can stay weak for long stretches while the index keeps rising.

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