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Investing Glossary:
Head & shoulders
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Definition: |
| In technical analysis, a Pattern that results where a Stock price reaches a Peak and declines; rises above its former peak and again declines; and rises a third time but not to the second peak, and then again declines. The first and third peaks are shoulders, while the second peak is the formation`s head. Technical analysts generally consider a head and shoulders formation to be a very Bearish indication.
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