The market is in its last few weeks of the year, and some investors are already planning their holiday season. While it is true that some market participants have started to take a break from trading, the market is still filled with stocks with established trends. To look for these stocks, we’ll screen using the 100-day simple moving average.
Moving averages are one of the most used technical indicators by traders and investors looking to gauge the market's trend visually. It helps identify if the market is still willing to buy the stock above a certain period price average in a simple glance. If prices trade above a certain average, then that suggests that investors see that prices are still low and expect them to go up - and vice versa. While some may argue that this may be a self-fulfilling prophecy because of how many traders and investors are using it, we can’t deny that it has proven helpful for the longest time.
