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Head and Shoulders
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Head and shoulders is a term used in technical analysis by chartists to describe a particular pattern of price movement.
The pattern is said to resemble a person's head and shoulders - a level period followed by a sharp rise, maintained briefly, before falling back to another plateau.
Chartists believe that a head and shoulders formation heralds a significant fall in the price of a security.
See Also: Online share dealing service Stockmarket Centre
Last Updated: August 2007 © Moneyextra.com
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