Inside this article you find companies with a potential buy signal according to one of the most used tools, simple moving average. In particular, the Moving Average Breakout Chart Patterns:
- 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-day or 200-day) BREAKOUT
The simple moving average of an instrument is given by the average of the closing prices of a number of past trading sessions. A potential buy signal is generated when the price of a financial instrument rises above a simple moving average calculated over a period of key days (50-day (red line) or 200-day (black line)), indicating the potential start or continuation of a positive trend.
Descartes Systems Group Inc (DSGX)
Lumentum Holdings Inc (LITE)
Inphi Corp (IPHI)
Netease Inc (NTES)
BJs Wholesale Club Holdings Inc (BJ)
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This analysis shows the Moving Average Breakout Chart Patterns (technical analysis) of the Day. If you are interested in the other types of chart patterns (trendline or resistance breakout etc.), 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 simple 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.