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 World Series Of Real Estate | ZeroHedge
- The Chart That All "Above Average Intelligence Traders" Ignored Today | ZeroHedge
- Tech Bellwether IBM Sees Big Earnings Miss | Financial Sense
- The Ultimate Carry Trade: U.S. Banks Buying Treasuries | Financial Sense
- Back to the Future with These Two Iconic Brands | iBankCoin.com
- STTG Market Recap October 24, 2014 | FundMyMutualFund
- Traders Playing BAS Are Out Of Their Minds | iBankCoin.com
The most relevant financial news and articles from the Internets
- Americans Can't Stop Working, And It's Becoming A... | Business Insider
- Canada faces jihadist threat after home-grown attacks | Business Insider
- The Milwaukee Bucks Fooled An Entire Defense With A Fake Timeout And Got An... | Business Insider
- Billionaires Are Reportedly Paying $4,000 For A Titanium Toothbrush | Business Insider
- This Map Shows Which NFL Team Every County Roots For | Business Insider
- Here's What It Means When Your Headache Is In A Specific Part Of Your Head... | Business Insider
- 25 Ways to Make LinkedIn Work for You | BusinessWeek