Golden Crosses in Consumer Discretionary (STON,EXPR,KIRK,ISLE,NWY)
What's a Golden Crossover?
The Golden Cross is a heavily used tool to emphasize the trend and smooth out of price movements. It is often thought that a stock that has a price trading above its 50 day moving average and if the 50 day moving average is above the 200 day moving average, then the stock is healthy and should continue upward in the near future.
The 50 day and 200 day moving averages are also used as support and resistance areas. When trading above, they act as support, which can give you an extra edge in your trades.
Stonemor Partners L.P. (STON) is currently trading at $25.34. Its 52 week range is between $20.1 and $28.68.
Express Inc (EXPR) is currently trading at $18.43. Its 52 week range is between $10.47 and $26.27.
Kirkland's Inc (KIRK) is currently trading at $11.89. Its 52 week range is between $8.26 and $17.42.
Isle of Capri Casinos Inc (ISLE) is currently trading at $6.69. Its 52 week range is $4.75 and $7.92.
New York & Company Inc (NWY) is currently trading at $4.46. Its 52 week range is between $2.56 and $4.72.
MASTERY Bottom line:
Moving average crossover systems can be very effective, however, they should be used with other aspects of technical analysis (candlesticks, momentum, volume, etc.). While it is easy to find a system that has worked well in the past, there's no guarantee that it will work in the future..
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Putin Asks: "Is America Now A Banana Republic" | ZeroHedge
- Let Crude Crash: US Oil Producers Are Hedging At Levels Not Seen Since 2007 | ZeroHedge
- Secretary Of State Joe Biden? | ZeroHedge
- Hyperinflation Looms As 'Black Market' Egyptian Pound Crashes To Record Low | ZeroHedge
- Pound Tumbles After UK Government Wins Brexit Suit In Northern Ireland Court | ZeroHedge
- The Drone War Is On: Australian Startup Beats Google, Amazon | Financial Sense
- ECRI's Lakshman: Fed on a Collision Course | Financial Sense
The most relevant financial news and articles from the Internets
- New research shows Hurricane Sandy was the worst storm to hit New York... | Business Insider
- Here's how to finally stop wasting your precious free time | Business Insider
- Samsung profits fell 30% after the... | Business Insider
- Here's how much $100 is worth in every state | Business Insider
- Chipotle is fixing one of its customers' top complaints (CMG) | Business Insider
- Why 'The Walking Dead' season 7 premiere was so violent, according to... | Business Insider
- Pennsylvania 'Celebgate' hacker sentenced to 18... | Business Insider