Over the past several years there has been an increase in the repurchase of common stock by American corporations. Historically, when all is said and done, the massive repurchase of stock by corporations has not panned out well.
Relative strength is a way to measure the performance of a stock. Relative strength ratings compare a stock’s price change over the last 12 months to those of all other stocks or a specific group of stocks.
The Purchasing Managers’ Index is a composite index based on data from a monthly report known as “The Report on Business,” compiled and released by the National Association of Purchasing Management based in Tempe, Ariz.