Sentences with phrase «above key moving averages»
On the intraday timeframe, the price stays well above the key moving averages with the first major support produced by 50 - SMA at $ 8,600.
https://www.fxstreet.com/
They are still well above the key moving averages.
Caution is advised in this market... Maybe it will repair itself... and on the positive side, the indexes such as the QQQ and SPY are holding above key moving averages...
Not exact matches
The 30 - stock index also closed above its 50 - day moving average, a key technical level.
Jonathan Krinsky, chief market technician at MKM Partners, pointed out in a note Thursday that less than 60 percent of stocks in the Russell 3000 are trading above their 200 - day moving average, a key long - term technical metric.
Not only is the index currently above its three - month moving average, but it's also now held above the key 50 threshold for a year and a half, indicating strong, sustained industry expansion.
Despite weakening performance in leading stocks and recent broad market distribution (higher volume selling) that sparked the new «sell» signal, it's important to note that both the S&P 500 and Dow Jones Industrial Average are still trading firmly above key, intermediate - term support of their 50 - day moving averages.
Another market leader, LinkedIn ($ LNKD), is not on the list above, but the stock has already broken down below key intermediate - term support of its 50 - day moving average.
A technically positive weekly chart occurs when a stock ends a week above its key weekly moving average with the momentum reading rising above 20.00.
After several days of encouraging price action, the NASDAQ Composite edged back above key resistance of its 20 and 50 - day moving averages, while the benchmark S&P 500 simultaneously marginally rallied to a fresh all - time high.
As explained in the video, the key point in buying the pullback of a stock that has already broken out is to look for a retracement to the 10 - day moving average, then buy the first move above that that day's high.
After $ GDXJ pops back above its 20 - day EMA (above the $ 27.60 area), buyers should step in due to break of key moving average resistance, as well as a break of the downtrend line from the January high.
Despite the break of the 20 - day exponential moving average (beige line) on higher turnover, the NASDAQ remains above key, intermediate - term support of its 50 - day moving average (teal line).
The recently established «lower high» and «lower low» (shown above), combined with the break of key moving average support, tells us the longer - term uptrend in $ UUP may be over.
One of the key technical measures to profit short is to look at the same three moving averages discussed above.
The current bull rally has seen 76 percent of stocks in the S&P 500 index trade above their 50 - day moving average — a key level for technical traders and analysts.