Technical Bullish Trading Signal for these Stocks

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.

the stocks’ current market capitalization.
Economatica is an online investment research platform designed to facilitate deep fundamental and quantitative analysis. Asset managers, analysts, and other investment professionals have used Economatica for more than 30 years to research securities, identify opportunities, and make better investment decisions. To learn more please contact us.

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