New Highs That Are Confirmed Are More Reliable.
1. Unusual volume (red bars) confirm breakouts and new highs.
2. OBV (Aggressive Buying) Lines should also be making corresponding new highs.
3. Accumulation (More Patient Buying) readings above +.25 are bullish.
4. ITRS (Intermediate-Term Relative Strength) should be steadily positive.
These four factors are all apparent in the new highs made by Celgene (CELG)
