Meaning of “market breadth” in the English Dictionary

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"market breadth" in Business English

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market breadthnoun [ U ]


a method of finding out the direction in which prices on a financial market will move, based on the relationship between the number of companies whose share prices are rising and the companies whose share prices are going down:

The number of new 52-week highs on the New York Stock Exchange is robust and climbing, the market breadth is good, and volume remains strong.

(Definition of “market breadth” from the Cambridge Business English Dictionary © Cambridge University Press)