50/200-day MA Crossovers for Monday (ININ,SJR,SSRX,NZT,DSPG)
What's a Bullish 50/200-day MA Crossover?
The 50 day and 200 day moving average crossover 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.
Interactive Intelligence Inc (ININ) is currently trading at $31.5. Its 52 week range is between $20.76 and $41.97.
Shaw Communications Inc (SJR) is currently trading at $19.68. Its 52 week range is between $18.82 and $23.24.
3SBio Inc (SSRX) is currently trading at $13.1. Its 52 week range is between $9.26 and $20.
Telecom Corporation of New Zealand ADR Rep 5 Ord Shs (NZT) is currently trading at $10.41. Its 52 week range is $7.11 and $11.7.
DSP Group Inc (DSPG) is currently trading at $6.55. Its 52 week range is between $4.85 and $9.24.
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
- Morgan Stanley Set To Slash 2017 Broker Bonuses With 10% Increase In "Pay Grid" Thresholds | ZeroHedge
- Matteo Renzi Says He Will Resign After Losing Referendum | ZeroHedge
- Dang It Gold’s Supposed to Go Up! (Report 4 December, 2016) | ZeroHedge
- And Then There Was One | ZeroHedge
- The Deepening Of The Deep State | ZeroHedge
- EU Demands Facebook, Twitter, Google and Microsoft Cede to Their Anti-Hate Speech Laws | ZeroHedge
- The Recount Continues... | ZeroHedge
The most relevant financial news and articles from the Internets
- Amazon shoppers can get a free tablet when they buy this portable Echo... | Business Insider
- Alleged Charleston church shooter Dylann Roof will be allowed to... | Business Insider
- Twitter can't be turned around by good management (TWTR) | Business Insider
- The 10 most popular Christmas ads on YouTube in 2016 (GOOG) | Business Insider
- REPUBLICAN ELECTOR: We 'should reject' Trump | Business Insider
- Vizio's discounted soundbar is an excellent buy for your... | Business Insider
- PETRAEUS: 'I made a serious mistake' | Business Insider