Moving Averages Rebounds of the Day | January 2

Inside this analysis you can find the companies that showed the Moving Averages Rebounds Chart Patterns appeared today:

  • REBOUND from Simple Moving Average 50-day
  • REBOUND from Simple Moving Average 200-day

None of the patterns below guarantee success because there may be false rebounds. The purpose of this analysis is purely informative.


Positive REBOUND from Simple Moving Averages 50-day (red line) or 200-day (black line)

It represents an event in which the share price is falling and is bounced off the simple moving average at 50 (red line) or 200 (black line) periods which is notoriously a support point. Therefore it can represent a point of increase of the share price in the next sessions.

Mercadolibre Inc (MELI)

MercadoLibre, Inc. operates online commerce platforms in Latin America.

Target Price: 654.35

Honeywell International Inc (HON)

Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. 

Target Price: 187.19


Negative REBOUND from Simple Moving Averages 50-day (red line) or 200-day (black line)

It represents an event in which the share price is rising and is bounced off the simple moving average at 50 (red line) or 200 (black line) periods which is notoriously a resistance point. Therefore it can represent a point of decline of the share price in the next sessions.

Core-Mark Holdings Inc (CORE)

Core-Mark Holding Company, Inc. markets fresh and broad-line supply solutions to the convenience retail industry.

Target Price: 34.75

Benefitfocus Inc (BNFT)

Benefitfocus, Inc. provides cloud-based benefits management platform for consumers, employers, insurance carriers, suppliers, and brokers in the United States.

Target Price: 41.09


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This analysis shows the Moving Averages Rebounds of the Day. If you are interested in other Rebound Chart Patterns of the day (Resistance, Support and Trendline) I’ll wait 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 made by Hedge Funds / Insiders), summarizing all this information in a simple score, I am waiting for you here for my Score-Card analysis.



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Source:

*Charts by tradingview.com

*Company information from finance.yahoo.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.