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.

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.

HP Inc (HPQ)

Lennar Corp (LEN)

Trimble Inc (TRMB)

McKesson Corp (MCK)

Applied Materials Inc (AMAT)

D.R. Horton Inc (DHI)


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Source:

*Charts by tradingview.com


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