I wrote about this earlier in the year, but thought a quick review would be in order since so many people are talking about the 200-day moving average
on TV and in the newspapers.
The company is trading above its 200-day moving average
25 and ABOVE its long term 200-day moving average
Moreover, the stock's 200-day moving average
21 and BELOW its long-term 200-day moving average
In fact, the 200-day moving average
on the NASDAQ is already beginning to turn slightly negative.
In fact, he noted recently that continued chopping around near the 200-day moving average
would be very bearish, and that's what is happening.
But unless the break through the 200-day moving average
is an intermediate rollover - which Bugos doesn't believe it is because the last lowest high in the intermediate sequence occurred in early October and has not been violated yet - the correction has probably run its course, whether the broad market makes new highs or whether it slides sharply from here.
The number of NYSE stocks above their 200-day moving average
lines has stalled around 37%.
75% below its 50-day and 200-day moving averages
The stock is trading above its 200-day moving averages
All of the major stock market indexes continue to trade comfortably above their 200-day moving averages
, with 78% of NYSE stocks currently above their 200-day moving averages