3 Bullish MACD Crossovers In A Brutal Market

One of the common technical indicators that analysts watch for in stock charts is the MACD crossover. MACD is an acronym for moving average convergence/divergence and is a line included with a stock’s chart that is calculated by subtracting a stock’s 26-day exponential moving average (EMA) from its 12-day EMA.

When the MACD line (the black line in the charts below) crosses above the “signal line” (a nine-day EMA of the MACD and the red line in the charts below), technical analysts view this crossover as a bullish technical signal indicating upward momentum. With so many negative technical indicators in the market this week, here are three MACD crossover stocks that may be flying under the radar for now.

Clearfield Inc CLFD

Despite the brutal environment, Clearfield has hung steady so far this year, and the stock even logged a bullish MACD crossover this week.

Copa Holdings, S.A. CPA

After briefly falling below $42 earlier this month, Copa has bounced as the rest of the market has crumbled.

Related Link: OECD Economist: We're In 'Epic' Situation Worse Than 2007

Seaspan Corporation SSW

After trading mostly sideways for the past couple of weeks, Seaspan is now approaching two consecutive closings above its 50-day simple moving average in addition to a bullish MACD crossover.

Disclosure: the author holds no position in the stocks mentioned.

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