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

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. GIS
  2. Lincoln National Corporation LNC
  3. Ford Motor Company F
  4. American International Group Inc AIG
  5. AmerisourceBergen Corp. ABC
  6. Fortive Corp FTV
  7. SBA Communications Corporation SBAC
  8. DISH Network Corp DISH
  9. Noble Energy, Inc. 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.

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