Sentences with phrase «key moving average support»

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.

Not exact matches

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.

The PowerShares QQQ Trust ($ QQQ), which tracks the Nasdaq 100 Index, has convincingly broken down below key intermediate - term support of its 50 - day moving average and is technically in bad shape.

The Nasdaq sliced through key intermediate - term support of its 50 - day moving average, joining the Russell 2000 and S&P Midcap 400.

Yesterday, our existing long position in Global X Silver Miners ETF ($ SIL) got off to a rough start in the morning, but reversed to close near its intraday high, this resulted in the formation of a bullish hammer candlestick pattern that also «undercut» key intermediate - term support of its 50 - day moving average.

Two weeks ago, the S&P Bank SPDR ETF ($ KBE) sliced through key, intermediate - term support of its 50 - day moving average on heavy volume, and has since been wedging higher on lighter than average volume:

With $ LULU below key horizontal price support of the $ 60 level, its 40 - week moving average, and recently below the 10 - week moving average as well, the stock could suffer a pretty ugly sell - off over the next several months if broad market conditions continue to deteriorate.

Specifically, the main stock market indexes are not only at key support of major moving averages, but also testing support of important uptrend lines.

The 2450 - 2550 area remains a key support level for the index after testing and holding the 200 - day moving average.

Despite the blue - chip Dow Jones Industrial Average ($ DJI) falling 0.8 % and closing well below key support of its 50 - day moving average yesterday (September 30), the -LAverage ($ DJI) falling 0.8 % and closing well below key support of its 50 - day moving average yesterday (September 30), the -Laverage yesterday (September 30), the -LSB-...]

We also want to focus our attention on key chart levels of support or resistance as well as moving averages, for pull backs.

Key support is defined by the trend channel moving average, around 2687.

The convergence of a key moving average and trend line is typically quite significant support.

The S&P 500 Index ended the week at a key potential support area defined by the confluence of the brown 200 - day moving average (MA) and the 78.6 % Fibonacci retracement line.

Rather, we prefer to keep our powder dry by waiting in cash for ETFs and stocks to rally into new resistance of key moving averages and prior lows, then initiate new short positions (or buy inverse ETFs after they pull back to support).

Last week's bearish price action caused the main stock market indexes to plunge through major levels of technical price support, including key moving averages and prior «swing lows.»

Such price action would convincingly put the price below key long - term support of the 40 - week / 200 - day moving average, which would surely spark a spike in negative sentiment.

Since pulling back to test support of its 50 - day moving average on July 3, the ProShares UltraShort Silver ETF ($ ZSL) has reclaimed near - term support of its 20 - day exponential moving average (EMA) and has been consolidating along this key mark for the past eight sessions.

As annotated on the chart below, support of the uptrend line coincides with this key moving average.

Pullback entries develop when an ETF or stock gently retraces from the most recent «swing high» of its uptrend and finds technical support at an area of horizontal price support and / or a key moving average.

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).

Each moving average can serve as a support and resistance indicator, and each is also frequently used as a short - term price target or key level.

We also want to focus our attention on key chart levels of support or resistance as well as moving averages, for pull backs.

This day trading setup by Jake Bernstein uses a moving average channel to figure out trend and key support and resistance levels.

Other negative signs include stocks making new highs on low volume, a stock repeatedly reversing off highs and / or closing near intraday lows, or when a stock begins breaking logical areas of support like key moving averages and uptrend lines.

Each moving average can serve as a support and resistance indicator, and each is also frequently used as a short - term price target or key level.

Traders who use technical analysis will place stop orders below major moving averages, trendlines, swing highs, swing lows or other key support or resistance levels.

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.