Technical Bullish Trading Signal for these Stocks

In this report Economatica’s powerful screener is used to identify stocks whose 50-day Simple Moving Average (SMA) is crossing over their 200-day Simple Moving Average (SMA).

Economatica has powerful technical analysis tools. We used the Economatica system to highlight all stocks whose 50-day SMA crossed over their 200-day SMA. There were 20 stocks meeting this criteria, out of a universe of 3,500 stocks screened. On a sector basis, the group was led by 4 Banks, 3 Oil and Gas Extraction companies, and 2 Pharmaceuticals.

As a general rule, traders consider a bullish sign when the 50-day moving average crosses above the 200-day moving average. This is commonly known as Golden Cross and it’s an important technical indicator.

The table below is ranked by the stocks’ current market capitalization.

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