A bearish sign appears on the Loews chart
If history is any guide, there could be trouble ahead for Loews L stocks. A so-called "death cross" has formed on his chart and, unsurprisingly, this could be bearish for the stock.
Things to Know: Many traders use moving average crossover systems to make their decisions.
When a short-term average price rises above a longer-term average price, it can mean that the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is down.
Why it matters: 50-day and 200-day simple moving averages are commonly used.
The death cross occurs when the 50 days pass below 200 days. This could mean that the long-term trend is changing.
This just happened with Loews, which is trading around $58.53 at press time.
Remember: seasoned investors don't trade death crosses blindly.
Instead, they use it as a signal to start looking for short positions based on other factors, such as price levels and market fundamentals and events. company.
For seasoned investors, this is just a sign that it may be time to start considering possible short positions.
[TABLE]
Do you use the Death Cross signal in your trading or investing? Share this article with a friend if you found it helpful!
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
If history is any guide, there could be trouble ahead for Loews L stocks. A so-called "death cross" has formed on his chart and, unsurprisingly, this could be bearish for the stock.
Things to Know: Many traders use moving average crossover systems to make their decisions.
When a short-term average price rises above a longer-term average price, it can mean that the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is down.
Why it matters: 50-day and 200-day simple moving averages are commonly used.
The death cross occurs when the 50 days pass below 200 days. This could mean that the long-term trend is changing.
This just happened with Loews, which is trading around $58.53 at press time.
Remember: seasoned investors don't trade death crosses blindly.
Instead, they use it as a signal to start looking for short positions based on other factors, such as price levels and market fundamentals and events. company.
For seasoned investors, this is just a sign that it may be time to start considering possible short positions.
[TABLE]
Do you use the Death Cross signal in your trading or investing? Share this article with a friend if you found it helpful!
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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