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.
Inside the charts the red line refers to a price level that could support the price growth until it is exceeded downward, price hypothetical where the stop-loss could be placed.
Coca-Cola Co (KO)
Canadian Pacific Railway Limited (CP)
JPMorgan Chase & Co (JPM)
Taiwan Semiconductor Manufacturing (TSM)
Intuitive Surgical Inc (ISRG)
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*Charts by tradingview.com