The Two Lines I Draw on Every Stock Chart | Power Profit Trades
Here is an excellent article by Tom Gentile about how he uses the 50 day and 200 day simple moving average lines for buying and selling. For example, Nike (NKE) has a long term uptrend. Plenty of buyers stepped in when the stock dropped to its 200 day line in August. I plan to buy Nike myself the next time this scenario occurs because Nike makes all kinds of clothing for sports. Individuals, colleges, and pro teams all depend on Nike for new clothing every year.
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