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In fact, PG has suffered just three monthly closes beneath this pair of averages in the past 76 months.
During that time frame, the equity has suffered only three monthly closes below both of these trendlines.
There have been no monthly closes below this half-high level, although the XLE has traded below 45.21 in each of the past three months.
The trend of consecutive monthly closes below the 60-month (or five-year) has been held intact despite a breach early last week.
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SP500 63Y/1M: 756 historic monthly closing prices over 63 years from Jan . 1950 to Dec. 2012
CAG has not logged a monthly close above this trend line since November 2007.
We take all the sample monthly closing prices from 1996 January to 2015 December.
The 1,525 level defined the index's highest monthly close in 2000 (during August) while the 1,530 level marked the SPX's highest monthly close so far this year (in May).
Furthermore, September marked the equity's first monthly close above its 10-month and 20-month moving averages since May 2008.
Led by a rally in technology stocks, the index reached its highest monthly close in over a year.
From a longer-term perspective, December marked the equity's first monthly close above its 10-month trend line since October 2007.
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