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.
Merck & Co Inc (MRK)
Goldman Sachs Group Inc (GS)
Intuit Inc (INTU)
Intercontinental Exchange Inc (ICE)
CME Group Inc (CME)
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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.