$ACN

Investing Tip: Change of character is when a stock or asset changes its behavior. Stocks in bear markets often sell off when approaching their declining moving averages. When a stock fails to decline as it has done before, that’s a sign of ‘Change in Character’. The inverse is true for stocks in bull markets. You can see the change in character in $ACN today for example or its peer $CTSH. We saw this in software stocks also about a month ago. Notice a number of them are hitting ATHs… A change of character occurs when news is priced in and positioning is lopsided. Here’s a screenshot of Accenture from the Lumida Invest app… We added to this area yesterday. If this change of character holds, these names can transition from mean reversion to momentum setting up a nice 12 to 1