Moving Average Golden Crosses (CTL,PLT,DNKN,CIEN,SPWR)
Here are the Master's picks:
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.
CenturyLink Inc (CTL) is currently trading at $39.73. Its 52 week range is between $36.31 and $43.43.
Plantronics Inc (PLT) is currently trading at $37.15. Its 52 week range is between $28.76 and $40.82.
Dunkin' Brands Group Inc (DNKN) is currently trading at $34.11. Its 52 week range is between $25.2 and $37.02.
Ciena Corp (CIEN) is currently trading at $15.46. Its 52 week range is $11.44 and $18.39.
SunPower Corp (SPWR) is currently trading at $7.99. Its 52 week range is between $3.71 and $9.54.
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 Wrath of Draghi: First German Bank Hits Savers with Negative Interest Rate | ZeroHedge
- In Memoriam: Abenomics | ZeroHedge
- All Of These Items Point To a Collapse in the Markets | ZeroHedge
- The Dollar Decline Continues: China Starts Direct Convertibility With Asia's #1 Financial Hub | ZeroHedge
- QE FOR LIFE, HOMIE | iBankCoin.com
- OIL COUNTRY | iBankCoin.com
- Mortgage Purchase Applications Plunge To 19-Year Lows | ZeroHedge
The most relevant financial news and articles from the Internets
- U.S. Kids Using Media Almost 8 Hours a Day - BusinessWeek | BusinessWeek
- Judge Hands Down Potentially Crushing Ruling Against Donald Trump In... | Business Insider
- WHERE ARE THEY NOW? Look What Happened To LinkedIn's First Employees | Business Insider
- The 50 Best Internships For 2015 | Business Insider
- United Flies the 787, American Awaits It, Delta Thinks It Over | TheStreet.com
- 5 Things You Need To Do If You're In Customer Service | Business Insider
- Only One Wall Street Economist Expects Mexico To Cut Rates Friday | Business Insider