REd line is at 20 and green at 50.. interesting .. huh..
I got in today from 7.15 to 7.27. I need to be a lot more patient. I just thought it was going to break out when i saw it stay above 7.30. didn't want to miss a "run up" I have to hope for good earnings. i think 7.60 is like a ceiling right now..
On your point from Scottrade, I would say a stock maintaining above its 20SMA is extremely bullish,, maintaining above its 50SMA is bullish.
I usually prefer a 50SMA entry, with a decent candle. I've found them to be a bit stronger/more reliable than the 20SMA. Stocks in a strong uptrend (look at GS on 2 Oct) can find support off of the 20SMA.
Buying at $7.03 and she drops--- that can be aggravating on how to handle it. Always consider stops. William O'Neill at IBD says never lose more than 8% on a trade. So for 8%, the stop would be $6.47. Now go back to the chart. The 50SMA is $6.61, an excellent support point. If the 50 SMA then I'd bail for sure. In this setup, I'd have my stop in at $6.50.
If you have your stops too tight, then you might miss getting that potential launch off of the 50SMA.
BDBALD, I see what you mean, explained it well. I'm assuming you use that line as a support/buy entry depending on of coarse news and other market conditions? thanks.
So 7.03 is a good rntry and if it breaks that . well hold on if you can or sell out if you want to flip?
I played with your charting and I see what you mean.
If you select 6-month duration, daily frequency, 20 SMA = 7.03.
same for 3-month and 1-month duration, daily frequency. All are $7.03
When you select "5D" for 5-day duration, this charting throws a glitch at you. On all the above durations, each bar = 1 day. On the 5-day, each bar = approx 5 minutes I am estimating.
The 20 SMA is the average of the last 20 bars, so it's the average of the last 20 5-minute bars vs the last 20 daily bars.
hope I explained that ok.
Moving Average Price Compare
AMKR is trading above its 20 day moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock
Hi, going back 3 months at a SMA of 20. i have a line at 7.04? Where i get confused is if I change the chart to say one day or 5 day's. Then the sma changes so I don't know what number to use for suppport? thanks