50/200-day MA Crossovers for Thursday (NSC,SFD,ECOL,GNK,LF)
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.(NSC,SFD,ECOL,GNK,LF)
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. Its 52 week range is between $57.57 and $78.4.
Smithfield Foods Inc (SFD) is currently trading at $24.7. Its 52 week range is between $17.58 and $24.93.
US Ecology Inc (ECOL) is currently trading at $18.5. Its 52 week range is between $14.82 and $18.85.
Genco Shipping And Trading Ltd (GNK) is currently trading at $7.58. Its 52 week range is $4.15 and $15.65.
LeapFrog Enterprises Inc (LF) is currently trading at $5.58. Its 52 week range is between $2.57 and $6.5.
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
- The Allocation is on Hold | iBankCoin.com
- Bonds & Peso Slide As Fernandez Slams Holdouts For "True Aggression Against Argentina" | ZeroHedge
- Geopolitics and Markets | Financial Sense
- Deal Or No Deal? Argentina Declared In Selective Default, Holds Press Conference - Live Feed | ZeroHedge
- Today’s Movers | iBankCoin.com
- New Long(s) | iBankCoin.com
- 3 Reasons Yellen's FOMC Remains Dovish | Financial Sense
The most relevant financial news and articles from the Internets
- Windstream Shares Explode Higher (WIN, CTL, FTR, CMCSA, VZ, T) | Business Insider
- Inside TMZ's Awesome Office Space And TV Studio In Downtown LA | Business Insider
- Steven Cohen's Still Got It | Business Insider
- Here's Why Instagram's Demographics Are So Attractive To Brands | Business Insider
- The Fabulous Life Of Facebook Billionaire Sheryl Sandberg | Business Insider
- Sanctions Have Little Effect On Putin's Incredible Popularity In Russia... | Business Insider
- Microsoft's Virtual Assistant Cortana Will Soon Be Able To Do Even More... | Business Insider