Toby Crabel popularized the NR7 pattern. The narrowest range in 7 days.
I define the principle of contraction/expansion as the market phenomenon of change from a period of rest to a period of movement back to a period of rest. This interaction between the phases of motion and rest is constant, with one phase directly responsible for the other’s existence.
Gibraltar Industries (ROCK)
The yellow price bars indicates a lack of outperformance vs. SPX. ROCK trying to breakout.
FEI Company (FEIC)
The yellow price bars indicates a lack of outperformance vs. SPX. Will the bulls be able to break through the wedge pattern?
Pier 1 Imports (PIR)
The green price bars showing outperformance vs. SPX. Volume has been declining on recent strength.