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retrace |
Also found in: Dictionary/thesaurus, Financial, Encyclopedia, Wikipedia | 0.03 sec. |
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retrace verb copy, go over again, recall, reexamine, regress, reminisce, repeat, return, revert, review, think back upon, trace back, turn back See also: copy, recall, reexamine, remember, repeat, review How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| That's a 50% retracement of the price drop, making it one of several "Fibonacci retracement" levels, which act as targets for technical traders. Futures stopped after completing a 25% retracement of the entire move from the lows, signaling the long-term bull market is still intact. However, the security has stalled in the 47 region, which marks a 50-percent retracement of the stock's decline from its May peak of 59. |
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