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Finance Dictionary and Glossary of Investment Terms
momentum indicator
Definition 1.
Technical analysis indicator which seeks to predict future market trends based on recent price and volume data. It compares the current price of a security to the price a selected number of periods ago. This number represents the rate of change of the security's price over that given time period. It allows the analyst to see where the current price stands in relation to historical trends, and determine his/her strategy based on this analysis.
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