U.S. Markets open in 8 hrs 12 mins
  • S&P Futures

    3,432.50
    -19.25 (-0.56%)
     
  • Dow Futures

    28,029.00
    -160.00 (-0.57%)
     
  • Nasdaq Futures

    11,617.25
    -46.25 (-0.40%)
     
  • Russell 2000 Futures

    1,621.10
    -14.50 (-0.89%)
     
  • Crude Oil

    39.10
    -0.75 (-1.88%)
     
  • Gold

    1,899.30
    -5.90 (-0.31%)
     
  • Silver

    24.39
    -0.29 (-1.18%)
     
  • EUR/USD

    1.1841
    -0.0027 (-0.2250%)
     
  • 10-Yr Bond

    0.8410
    0.0000 (0.00%)
     
  • Vix

    27.55
    -0.56 (-1.99%)
     
  • GBP/USD

    1.3024
    -0.0014 (-0.1107%)
     
  • USD/JPY

    104.9000
    +0.2100 (+0.2006%)
     
  • BTC-USD

    13,138.16
    +42.71 (+0.33%)
     
  • CMC Crypto 200

    264.07
    +2.61 (+1.00%)
     
  • FTSE 100

    5,860.28
    +74.63 (+1.29%)
     
  • Nikkei 225

    23,490.46
    -26.13 (-0.11%)
     

9 S&P 500 Stocks That Just Crossed Above Their 200-Day Moving Average

Wayne Duggan

One of the most frequently-used technical trading indicators is the simple moving average (SMA). Like the name implies, a simple moving average is just a simple average of a stock’s price over a specific window of time. Popular SMAs for technical traders include the 20-day, 50-day and 200-day SMA.

Moving average is one of the best ways to smooth out the noise in a stock chart. By taking an average price over a given period of time, a trader can get a better idea of the general direction a stock is moving.

Moving averages often serve as key technical support and resistance levels for stocks. A crossover above a key moving average is often used as a buy signal and vice-versa.

As a rule of thumb, if a stock’s share price is above a key moving average, the stock’s trend is considered to be bullish and the moving average is a potential support level.

Bullish Crossover Stocks

Here’s a look at nine S&P 500 stocks that just crossed above their 200-day SMA, according to Finviz.

  1. General Mills, Inc. (NYSE: GIS)

  2. Lincoln National Corporation (NYSE: LNC)

  3. Ford Motor Company (NYSE: F)

  4. American International Group Inc (NYSE: AIG)

  5. AmerisourceBergen Corp. (NYSE: ABC)

  6. Fortive Corp (NYSE: FTV)

  7. SBA Communications Corporation (NASDAQ: SBAC)

  8. DISH Network Corp (NASDAQ: DISH)

  9. Noble Energy, Inc. (NYSE: NBL)

Benzinga’s Take

Just because a stock crosses above its 200-day SMA doesn’t mean it's a screaming buy. For example, a stock that crossed above its 200-day SMA after an extended bearish period is likely a strong candidate for a reversal, whereas a stock that has repeatedly been crossing above and below its 200-day SMA due to a narrow trading range could ultimately break out in either direction.

Do you agree with this take? Email feedback@benzinga.com with your thoughts.

Related Links:

11 Foreign Stocks With The Lowest Earnings Multiples

10 Most Oversold Stocks In The S&P 500

0

See more from Benzinga

© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.