50/200-day MA Crossovers for Friday (UGI,NUVA,PHMD,GLW,COMV)
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.
UGI Corp (UGI) is currently trading at $29.3. Its 52 week range is between $24.07 and $33.12.
NuVasive Inc (NUVA) is currently trading at $20.67. Its 52 week range is between $11.02 and $34.91.
PhotoMedex Inc (PHMD) is currently trading at $18.18. Its 52 week range is between $9.1 and $18.44.
Corning Inc (GLW) is currently trading at $13.31. Its 52 week range is $11.51 and $21.14.
Comverge Inc (COMV) is currently trading at $1.8. Its 52 week range is between $1.03 and $4.45.
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
- All About That Small Cap Life | iBankCoin.com
- Inside the Market's Mind: Investment’s Hard Problem...and Why It Can’t Be [Quantitatively] Eased | Financial Sense
- How and Why the Chinese Are Buying Property Outside of China | Financial Sense
- China Expands Live-Fire Gulf Of Tonkin Drill; Warns Of Massive Flight Disruptions | ZeroHedge
- World Oil Production – Where Are We Headed? | Financial Sense
- Has Fractional-Reserve Banking Really Passed the Market Test? | ZeroHedge
- Potential Intraday Runners | iBankCoin.com
The most relevant financial news and articles from the Internets
- Watch Frank Thomas Namecheck 139 Different Teammates In His Hall Of Fame Speech... | Business Insider
- A 24-Year-Old Allegedly Used A Simple But Brilliant Scam... | Business Insider
- Chinese Industrial Profits Spike (FXI, EWH) | Business Insider
- How Will Cisco Systems Stock React to This Analyst Action? | TheStreet.com
- Watch The 'Avengers: Age Of Ultron' Comic-Con Panel | Business Insider
- 17 Companies With Awesome Perks That Will Make You Jealous | Business Insider
- Here Are The Countries That Smoke The Most Marijuana | Business Insider