50/200-day MA Crossovers for Tuesday (PSMT,MLI,XLB,GVA,FDP)
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.
PriceSmart Inc (PSMT) is currently trading at $72.53. Its 52 week range is between $56.25 and $84.32.
Mueller Industries Inc (MLI) is currently trading at $43.67. Its 52 week range is between $35.51 and $49.86.
Materials Select Sector SPDR (XLB) is currently trading at $35.55. Its 52 week range is between $27.77 and $37.97.
Granite Construction Inc (GVA) is currently trading at $28.57. Its 52 week range is $17.5 and $30.49.
Fresh Del Monte Produce Inc (FDP) is currently trading at $24.61. Its 52 week range is between $21.8 and $26.94.
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
- China, Europe & Earnings at Home | Financial Sense
- New York's First Ebola Case? Doctor Treating Ebola Patients In Guinea Rushed To Bellevue Hosptial | ZeroHedge
- Goldman Sachs Is Buying Carl Icahn's "High Yield Bond Bubble" | ZeroHedge
- Five Stocks Edgier Than You Think Today | iBankCoin.com
- It’s Important that You Retain This Information | iBankCoin.com
- Is This Why Stocks Closed Not "Off The Lows"? | ZeroHedge
- New Tesla Model S May Have Us Rethink Electric Cars | Financial Sense
The most relevant financial news and articles from the Internets
- EU agrees landmark climate change deal: Van Rompuy | Business Insider
- Google Has A New App To Reinvent Email (GOOG) | Business Insider
- Russia Will Be Plunged Into A Recession If Oil... | Business Insider
- British police pay £425,000 to mother of spy's child | Business Insider
- Here's Why Your iPhone Photos Sometimes Appear Upside... | Business Insider
- How To Get A Dancer's Body | Business Insider
- The UK Independence Party Looks... | Business Insider