STOCKS CROSSED & TRADING ABOVE 20 DAY SMA
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Ā "Stocks crossed and are trading above the 20-day SMA," you're describing a technical analysis scenario that is often used by traders and investors to make decisions about buying or selling stocks. Let's break down the components:
SMA (Simple Moving Average):Ā The Simple Moving Average is a commonly used technical indicator that calculates the average price of a security over a specific time period. In this case, you're referring to the 20-day SMA, which means the average closing price of the stock over the last 20 days.
Stocks Crossed:Ā This term usually implies a crossover in the stock price with respect to a certain moving average. In this context, it could mean that the stock's current price has crossed above the 20-day SMA.
Trading Above 20-Day SMA:Ā If a stock is "trading above the 20-day SMA," it means that the current market price of the stock is higher than its 20-day simple moving average.
When a stock's current price crosses above its 20-day SMA, some traders interpret this as a bullish signal. It suggests a potential uptrend or positive momentum in the stock's price. Traders might see this as an opportunity to buy or hold the stock, anticipating further upward movement.
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