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How Do You Calculate The Percentage a Stock is Above the 200 Day Moving Average?
Some analysts define "Overbought" by being a percentage above the 200 day moving average?
I was just wondering how you calculate it?
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Comments
(close - MA)/MA
So, for instance, if the close is 25 and the MA is 20
(25 - 20) = 5
5/20 = .25 or 25% above the MA