FT MarketWatch

Head and shoulders

A technical Analysis term referring to a Chart formation in which a price exhibits three successive rallies, the second one being the highest. The name derives from the fact that on a Chart the first and third rallies look like shoulders and the second looks like a head. Believed by technical analysts to be a Bearish indicator.

Related Terms: 13 Analyst, Analysis, Bear, Bearish, Chart, High, Indicator, ITS, Ring, SEC, Term, Technical analysis, Technical analyst
Other Related Pages: Category: Technical_Analysis Starting With: H
Additional Related Terms: 10-K, 52-week high, Allowance for depreciation, Asked price, Asking price, At par, All or any part, Analyst, At best, At call