If JPMorgan Gaps Below Its 200-Day Simple Moving Average Then A Bear Market For Stocks Will Follow

A breakdown below the 200-day SMA is a technical warning for the semiconductor industry, which had been a stock market leader since Jan. 2, 2013, when it gapped above its 200-day SMA, then at 387.24.

Following a successful test of its 50- and 200-day simple moving averages. market insights and related musings, follow Chris on Twitter @Options_CAT. Article printed from InvestorPlace Media, https.

Traders had the opportunity to buy JPMorgan on weakness to its 200-day simple moving when it was at $105.24 on May 29 and again over the last five days with the average now at $106.73. If there is a price gap below the 200-day simple moving average beware that the downside is to my annual value level of $93.20.

It was a standout day for semiconductor stocks across the board Wednesday. The Vaneck Vectors Semiconductor ETF (NYSEARCA:SMH) rallied 2.33%, saw its best close in more than a year. MU having.

It’s a clear sign of technical weakness any time a stock gaps below its 50-day line. Why A Gap Below The 50-Day Moving Average Is Bearish | Investor’s Business Daily

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The S&P 500 continuously gaps up and sells off during the day. Meanwhile, the NASDAQ 100 has made a new all-time high. Go here to understand our fundamentals-driven long term outlook.. Let’s determine the stock market’s most probable medium term direction by objectively quantifying technical analysis.

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Lowe’s Stock Gaps Below a Key Moving Average on Earnings Miss. then gapped below its 200-day simple moving average at $102.39 before stabilizing between its monthly and semiannual pivots at $98.

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The daily chart for Newmont shows the stock below its 200-day simple moving average at $32.36. The price gap lower on Jan. 14 was caused by the purchase of Goldcorp.

The transports were trading back and forth around their 200-day simple moving average between March 26 and May 19, then came the "death cross" on May 26. This bearish formation continues with the.

(ranked higher than approx. 100% of all stocks covered) Based on data provided by zacks investment research via Quandl.com SLIDESHOW: 10 Stocks Crossing Below Their 200 Day Moving Average

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