6 Stocks Breakout a Key Moving Average Today

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.

Lennar Corp (LEN)

https://www.tradingview.com/x/rJG3hpTB/

Equifax Inc (EFX)

https://www.tradingview.com/x/iRJNuu2n/

DR Horton Inc (DHI)

https://www.tradingview.com/x/8RnZcHDU/

Align Technology Inc (ALGN)

https://www.tradingview.com/x/CeV1EUWW/

Dow Inc (DOW)

https://www.tradingview.com/x/eCQAn4TO/

Ecolab Inc (ECL)

https://www.tradingview.com/x/LN8MaOgW/

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Source:

*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.