First, I don't think those indices are pointing to your...

First, I don't think those indices are pointing to your conclusion. Second these indices, when you consider the way they are calculated, are at best indicative of some past behaviour; and do not tell anything meaningful on the future of a stock. Although, as all people widely practice them, they may/have become a sort of reality. In your own words, you can't conclude if the stock is/was due for a so-called correction or is it a new norm. Only company's finances will tell you that, which in this case is clearly brilliant; and the indices are merely there to assist, if anything.