Inside this analysis you can find the companies that showed the Moving Average Breakout Chart Patterns appeared today:
- Simple Moving Average 50-day BREAKOUT
- Simple Moving Average 200-day BREAKOUT
None of the patterns below guarantee success because there may be false breakouts. The purpose of this analysis is purely informative.
Simple Moving Averages (50/200-day) Positive BREAKOUT
A simple moving average is formed by the average of the prices recorded in a series of previous sessions. If the price is above a 50 (red line) or 200 (black line) period moving average, it means that the stock is a positive trend. Therefore, when the price rises above one of the 2 moving averages it is possible that a positive trend will start.
First American Financial Corp (FAF)
Broadcom Inc (AVGO)
Seattle Genetics Inc (SGEN)
General Electric Co (GE)
Cree Inc (CREE)
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This analysis shows the Moving Averages Breakouts of the Day. If you are interested in the best rebound patterns, the best breakout patterns or the best companies that follow the “Buy High, Sell Higher” (or Buy the Dip) theory click here.
If you are interested in a overall analysis of companies taking into account different types of data (including business growth, analysts expectations and transactions by Hedge Funds / Insiders), summarizing all information in a score, I’ m waiting for you here for my Score-Card analysis.
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*Charts by tradingview.com
DISCLAIMER: The information in this blog post represents my own analysis/opinions and does not contain a recommendation for any particular security or investment. Stocks trading involves substantial risk of loss and is not suitable for every investor. Trade responsibly.