In 2023, the stock market is proving its resilience. After a quick dip into correction territory, the S&P 500 Index ($SPX) has quickly bounced back to a solid 14% year-to-date gain, despite lingering economic uncertainties. Of course, market breadth has been a big story this year, and not all stocks are looking quite as strong as the broader benchmarks.
For savvy investors, screening for stocks with bullish moving average breakouts is one way to drill down on the best names, especially in this stock-picker's market. One popular indicator to watch out for is a bullish moving average cross, which occurs when a shorter-term moving average crosses above a longer-term counterpart. This can act as confirmation that a short-term bottom is in place, and a new leg higher is starting.
