50/200-day MA Crossovers for Wednesday (CBRL,GBX,SRDX,CMO,BODY)
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.
Cracker Barrel Old Country Store Inc (CBRL) is currently trading at $50.13. Its 52 week range is between $37.31 and $56.61.
Greenbrier Companies Inc (GBX) is currently trading at $23.81. Its 52 week range is between $10.38 and $30.38.
SurModics Inc (SRDX) is currently trading at $14.43. Its 52 week range is between $8.73 and $15.5.
Capstead Mortgage Corp (CMO) is currently trading at $12.56. Its 52 week range is $10 and $13.95.
Body Central Corp (BODY) is currently trading at $24.62. Its 52 week range is between $14.11 and $26.98.
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
- Cybersecurity Companies in the "Military-Internet Complex" | Financial Sense
- Weekday Wrap-Up: Mixed Warning Signals, Grid Defection, and the Repricing of US Debt | Financial Sense
- Luck and the Paradox of Skill | Financial Sense
- US May Use Cyberattacks As Offensive Weapon, DoD Says | ZeroHedge
- Frontrunning: April 27 | ZeroHedge
- Goldman Gets Cold Feet:"It Is Difficult To Predict How Negative The Market Reaction To Grexit Would Be" | ZeroHedge
- Levered Funds Are The Most-Short Bonds Ever, Russell Shorts Lowest In A Year | ZeroHedge
The most relevant financial news and articles from the Internets
- What are traders chatting about this morning? The busy week ahead ... | Business Insider
- Robbery saved 9 Greek climbers from Nepal quake | Business Insider
- Turkish Cypriots elect new leader for breakaway enclave | Business Insider
- How Jack Ma is making millionaires in rural China where there’s no... | Business Insider
- New 'Batman: Arkham Knight' trailer shows you'll... | Business Insider
- A great way to look at the tech bubble from a guy that survived the last one | Business Insider
- It looks like the Apple Watch's screen is nearly indestructible (AAPL) | Business Insider