Trend: The Nasdaq 100 ($NDX) 10-day simple moving average crossed above the 30-day simple moving average on 01-11-2007.
The last time the 10-day moving average
touched the 30-day moving average was 12-21-2006 (see chart below). In mid August, the 10-day MA crossed over the 30-day MA at just under the 1500 level. Today's cross-over occurred at the 1784 level. The daily line hit a 52-week high.
The Nasdaq 100 one-year chart below shows the 10, 30, 60, and 90-day simple moving averages. The indicator below the chart shows the Average True Range.
The Nasdaq 100 Index includes 100 of the largest non-financial domestic companies listed on the Nasdaq National Market tier of the Nasdaq stock market. Each security in the index is represented according to the proportion of its market capitalization in relation to the total market value of the index. This index reflects Nasdaq's largest growth companies across major industry groups. All index components have a minimum market capitalization of $500 million, and an average daily trading volume of at least 100,000 shares (Investopedia).