Sentences with phrase «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

Bollinger Bands ® are a Simple Moving Average with standard deviations of that moving average acting as the outer «bands,» or short - term support and resistance Moving Average with standard deviations of that moving average acting as the outer «bands,» or short - term support and resistanceAverage with standard deviations of that moving average acting as the outer «bands,» or short - term support and resistance moving average acting as the outer «bands,» or short - term support and resistanceaverage acting as the outer «bands,» or short - term support and resistance zones.

You saw a stock that consolidated sideways, broke its 50 - day moving average, found support for a while right around the uptrend support line,» he said.

«But the big break didn't happen on the 50 day, the big break happened below your 200 - day moving average in your uptrend support line.»

Technical analysts saw support at around $ 1,305 where the 200 - day moving average sits and resistance at $ 1,321 near the 100 - day moving average.

The S&P 500 again holds its 200 - day moving average (currently 2,613), which was a critical support level in February and early April.

The French CAC chart shows a strong well - supported trend with good Guppy Multiple Moving Averages (GMMA) indicator behavior.

After a healthy run earlier this year, shares of Salesforce took a hit in June, falling 8 percent before finding a floor of support at the stock's 50 - day moving average, a technical indicator that smooths out a stock's random price fluctuations over a given time.

Paul Ciana, a technical strategist at Bank of America Merrill Lynch, sees the next major support level for 10 - year notes at around 2.95 percent, the 150 - month simple moving average, which they last touched in 2007.

On the technical front, support kicks in around $ 1,305 where the 200 - day moving average sits and resistance at $ 1,321 near the 100 - day moving average.

Also, the pullback was not of consequence because the price action was still tight and basing out, while never really breaking below near - term support of its 20 - day exponential moving average.

By comparison, the daily chart of the iShares Russell 2000 Index ETF ($ IWM) shows the recent weakness that has led to a breakdown below three different levels of technical price support: the low of the multi-week trading range (around $ 93), the 20 - day exponential moving average (beige line), AND the dominant uptrend line (which began with the November 2012 low):

The first zone of support for $ SPY is convergence of its prior highs from November / December and 50 - day moving average (around $ 180 - $ 181).

The iShares Russell 2000 ETF ($ IWM) is currently sitting at support from its November 2013 high, as well as its rising 20 - day exponential moving average.

The Dow Jones Industrial Average SPDR ($ DIA) has support from a prior swing high and 50 - day moving average, which are converging around the $ 16Average SPDR ($ DIA) has support from a prior swing high and 50 - day moving average, which are converging around the $ 16average, which are converging around the $ 160 area.

When a stock demonstrates bullish reversal action after bouncing off a level of support (the 20 - day exponential moving average in this case), it will often enter into one or two days of tight price consolidation.

But on the other hand, the Dow Jones is still holding right at support of its 20 - day exponential moving average and the S&P 500 only marginally closed below its 20 - day exponential moving average.

After rallying more than 300 % since its IPO just over a year ago, $ AMBA entered into a correction throughout July and August that caused the semiconductor stock to slip below intermediate - term support of its 50 - day moving average.

More importantly, using the 10 - day moving average as a short - term indicator of support enables us to TRADE WHAT WE SEE, NOT WHAT WE THINK!

After chopping around in a range for a few weeks, and again coming into support of its 50 - day moving average several times, $ TAN eventually broke out to new highs again.

The fact that we always patiently wait for such price confirmation is the reason we did not immediately buy $ DZZ on its first touch of support of its 20 - day exponential moving average (beige line) three days prior.

The iShares MSCI Thailand Index ($ THD) has formed a bullish basing pattern during the past five weeks, and has found support around the 10 - week moving average, which is a bullish sign.

On the daily chart of $ TNA below, notice how yesterday's intraday low correlated to support of both its 20 - day exponential moving average and new support of the prior highs (formerly resistance):

Specifically, we expect $ TAN to come into support of its 10 - week moving average (teal line) before it could be considered a low - risk re-entry on the buy side.

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 next major support level is the 50 - day moving average ($ 112 area), while the second zone of support is the prior swing lows (just below $ 110):

As long as the major averages remain above their 50 - day moving averages, and leadership stocks continue holding above pivotal support levels, our stock market timing model will remain in «buy» mode.

In the process of doing so, the 40 - week moving average subsequently transforms from a paramount support level to a major area of overhead resistance that is tough to push through (especially when the 10 - week moving average begins to roll over as well).

But if that moving average fails to hold as support, then a touch of the 10 - day moving average is the next logical support level.

Although support of the 200 - day moving average of $ QQQ is not far below its current price, prices can slice through important moving averages like a hot knife through butter whenever the market is in distribution mode.

Yesterday's (June 19) intraday low, the 20 - day exponential moving average (20 - day EMA), and the 200 - day moving average (200 - day MA) should all act as important support levels for the Nasdaq.

The large - cap NASDAQ 100 also cracked below its 50 - day moving average, and now appears to be headed for long - term support of its 200 - day moving average (or 40 - week MA).

After the NY open, further strength in the DX (91.22) pressed gold through the quadruple bottom at $ 1321 - 23 to reach $ 1319, where support at the 100 - day moving average held.

Gold was pressed lower, but support in front of the 100 - day moving average at $ 1319 held again.

As shown on the daily chart below, notice that EWH has been neatly holding near - term support of its 20 - day exponential moving average, and is now poised for a breakout to a fresh 52 - week high:

Notice that $ SMH is coming into support of its 20 - day exponential moving average for the first time since it broke out four weeks ago.

For the sake of brevity, we will skip analysis of the Dow Jones SPDR ETF ($ DIA) because both its daily and weekly chart patterns are quite similar to SPY above (broke down firmly below its 50 - day moving average yesterday, and is also coming into support of its year - long uptrend line).

Operating with the idea that the 200 - day moving average of $ QQQ will not provide significant support, we now expect $ QQQ to fall to test its prior swing low (around the $ 63 to $ 64 area) over the next two weeks.

Not every short selling setup will be as explosive to the downside as $ CROX was on the initial drop, but the idea is that the stock should have clearly and convincingly sliced through both its 10 - week and 40 - week moving averages before finding support.

As with the Nasdaq, the 50 - day, 20 - day and 200 - day moving averages are significant support levels on the S&P 500:

As for support on QQQ, the index is now approaching major long - term support of its 200 - day moving average, which is just below yesterday's low.

Upon completing a 20 % pullback off its February 2013 high, $ KORS found support at its 200 - day moving average, then rallied to reclaim its 50 - day moving average last week.

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.

After showing market leadership throughout 2011 and much of 2012, iShares NASDAQ Biotechnology Index ($ IBB) has spent the past few months digesting gains and building a new base above long - term support of its 200 - day moving average.

In «sell» mode, I avoid establishing new long positions because all major indices are trading well below support of their respective 50 - day moving averages.

In the May 30 issue of The Wagner Daily stock newsletter and on this blog post, we stated that the S&P 500 SPDR ($ SPY) and PowerShares Nasdaq 100 ETF ($ QQQ), two common ETF proxies for the broad market, would likely need to «undercut» support of their respective 200 - day moving averages before a significant bottom and reversal -LSB-...]

Since selling off to «undercut» support of its 50 - day moving average two weeks ago, the inversely correlated ProShares UltraShort Euro ($ EUO) has been trading in a tightening, sideways range, holding above support of its primary uptrend line and 50 - day moving average.

Note the tight price range throughout the rally, which kept finding support at the rising 10 - day moving average on the way up, after pulling back slightly for just 2 to 3 days.

Given the recent moves, prices have found support above the 50 - day moving average, which Fundstrat Global Advisors has pegged at about $ 8,600.