The number of stocks trading above a key technical level hit its highest level in two years
Source: CNBC ยท 2026-07-30
The large portion of names trading above that level suggests investors are putting money to work in stocks other those tied to the artificial intelligence trade.
There's an underlying current in the stock market's surface that may give investors some some solace as the broader market continues to chop around in a tight range. Around 71% of S & P 500 stocks have climbed above their 200-day moving averages, the... [3925 chars]