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ROC can be used for another purpose - to track the out performing stocks. For example a 200 day ROC will tell you how much the stock has moved over the past one year (approx). If we arrange all the stocks in descending order according to their ROC readings then the stocks which appear at the upper end of the list will be out performers like below:
Similarly, stocks which appear at the bottom of the list will be under performers and should be avoided.
Posted in: Indian Market Tips
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