50/200-day MA Crossovers for Tuesday (NSC,AGII,JDAS,FIF,OSTK)
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.
Norfolk Southern Corp (NSC) is currently trading at $75.25. Its 52 week range is between $57.57 and $78.5.
Argo Group International Holdings Ltd (AGII) is currently trading at $31.19. Its 52 week range is between $24.88 and $31.59.
JDA Software Group Inc (JDAS) is currently trading at $30.32. Its 52 week range is between $22.09 and $34.83.
First Trust Energy Infrastructure Fund (FIF) is currently trading at $21.94. Its 52 week range is $19.25 and $22.07.
Overstock.com Inc (OSTK) is currently trading at $8.5. Its 52 week range is between $4.97 and $11.01.
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
- Four Iran Ships "Harassed" US Destroyer, Carried Out "High Speed Intercept" In Strait Of Hormuz | ZeroHedge
- Nigel Farage Draws Thunderous Ovation At Trump Rally: "I Wouldn't Vote For Hillary If She Paid Me" | ZeroHedge
- What Are The Odds That The 2020-2022 Olympics Will Be Cancelled? | ZeroHedge
- Barack Obama May Have Finally Destroyed America's #1 Advantage | ZeroHedge
- Bond Market Gives Its Verdict On Yellen's Jackson Hole Speech With Stellar 2 Year Auction | ZeroHedge
- Hillary Responds To Health Allegations; Opens A Jar Of Pickles: "I Feel Like This Is An Alternate Universe" | ZeroHedge
- Why Today's 2 Year Auction Is Important | ZeroHedge
The most relevant financial news and articles from the Internets
- THE FALSE... | Business Insider
- These pictures of toys around the world show how much we have in common | Business Insider
- The YouTuber behind the 'African Drug Lord... | Business Insider
- Photos of Yellowstone National Park taken in 1871 and today look incredibly similar | Business Insider
- Apple could be on the hook for $19 billion in taxes, and the Obama... | Business Insider
- 11 things people in successful relationships do every day | Business Insider
- A man who's been traveling for 10 years says this is the... | Business Insider