The advance-decline line:
A) measures the number of stocks hitting both new highs and new lows.
B) can be computed only on a daily basis.
C) can be interpreted without reference to any market index.
D) is often referred to as the breadth of the market.

Question

Quizplus · Accepted Answer

The advance-decline line is a technical analysis tool used to show the number of advancing stocks versus declining stocks and is often referred to as a measure of the market breadth, indicating the overall health and direction of the market.

The Advance-Decline Line