I will say one thing, today's action is really not clicking with me and it's not just this stock. Going back to this stock and we will forget all the many moving avs. I have a lot of long term lines that are converging at 40, don't even ask what they are on a chart but I put a lot of them together and that is what I get and it shows upwards from there, again it is a goofy market all in all. GLTA
You might want to look deeper..
I love WPRT too, but...
On the weekly chart the 20 crossed the 50
Notice on the chart that I provided that WPRT always rallys when W% is in oversold conditions..(-80)
Currently it is overbought (w%)
I am not short or long, just waiting for the right price to get back in..
Guess the link did not transport..Sorry..
Go to the stockcharts site and put in WPRT with a weekly 10, 20, 50 EMA..
With TA you can sometimes see what you want...
(depending on your time frame)
That is just how I read the tea leaves..
At 39.00 I said it would drop and so far that thesis has played out.
Don't take price action personally..
Good luck to all..
I clicked on the chart you provided, it is a chart of the DJIA... not WPRT!
On the chart, there were the 50 and 200 dma, not the 20 and 50 dma you mentioned...
I thought this thread was about the 50 dma crossing above the 200 dma on WPRT (soon, if ever)...
In fact, the 50 dma is very close to the 200 dma today (if it closes strongly today, or if it breaks out tomorrow, then the golden cross will be finally be completed...
BTW, what is the right price to get back in for you? Right now we are in no man's land, kind of sideways.
I don't know if you are long or short but you indicated the stock is technically in decline and I do disagree. I went through a recent re-set and brought the moving averages with it. That has happened to the best of them. I pay for services from IBD and they dislike this stock and sector, they are only happy when a stock has done well and has been on a run. So I take their info for what it is.
"You...Mr hayseed...and your paid subscriber algorithms are a long way from the street.
I wont be so forth coming next time, it appears it was a waste of my time.."
If I was snarky I would say you got me back. Are we on the same side? I use Scottrade and it's tools and my experience. I know the first hour of trade is nuts and generally there is a cool down so I move around and you are right I am diversified but not jumping randomly following some wierd program as you implied. So I am a bigger hayseed than you so delicately worded it.
Not to bum you out to much, but that already happened at the end of May..
The current "cross" moved down. Many times WPRT bounces off the support levels..
Only to fall back down.
To those that are new to TA..When you look at your charts realize the time period of the "crosses"..
(lower #EMA crossing the higher#MA)
Looking at a yearly chart as a opposed to a 6 month, 3 month...etc.
I hope that helps.
And your point would be we are jumping off that line also, people use this daily chart to refer to the golden cross that's just the way it is. Stand on your head and look at monthly chart and speak in a different context. I like the vernacular. So give us your assessment based on the monthly.
We could easily go over 40 today or Monday then a smooth 45 degree angle to the upper right of infinity. This is round 1 of a 15 rounder we will double the old high on this run. I am the guy that paid 37 yesterday after market while the shorts were shooting their mouths off. Why? because I see things.