An extreme level of analyst
bullishness or bearishness on a company often acts as a contrary indicator. Stocks often
receive the highest number of analyst accolades at the top ( or end of a bull run) and the
lowest number of favorable analyst mentions at the bottom ( or end of a downtrend). Thus,
stocks with the highest analyst ratings are usually near the end of an uptrend and stocks
with the lowest analyst ratings are often near the end of a downtrend.
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Last modified: April 25, 2000
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