Then, take a look at the way the 50-day moving average is about to cross below the 200-day moving average on the daily chart this is a sign of trend reversal, from up to down.
That 50-day moving average on the daily chart crossed below the 200-day in early May and continued downward.
April Comex futures prices dropped back below the key 200-day moving average and fell below important near-term chart support that triggered sell stop orders.
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On the weekly chart, the 40-week moving average has begun to trend downward.
Lastly, the chart popped back above 200-week moving average support, and all of this happened on the biggest volume since the August closing low.
In the last 2 weeks, on the weekly chart, it closed above the 40-week moving average twice.
And, on weekly chart, the price remains above its 40-week moving average.
The Dow Industrial Average lost 252.73 points last week to 12, 938.11, which is below its five-week modified moving average (MMA) at 13, 072, which downgrades the weekly chart to neutral from positive.
The all important weekly chart stays positive on weekly closes above the five-week modified moving average at 12, 434.
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On its chart, the stock found support at its key 200-day moving average, and made a big-volume jump after the strong report.
On the daily chart for the 10-year note yield, the 50-day moving average sits above the 200-day.
The NASDAQ shifts to a negative weekly chart profile on a close this week below its five-week modified moving average at 2803.
On the weekly chart, you can see that price is already below the 40-week moving average.
However, the monthly chart stays negative on a close in October below its five-month modified moving average at 11, 749.
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Its MACD or Moving Average Convergence Divergence was at a negative 28.749 on Friday (bottom portion of the chart) and has increased to a negative 26.6 on Monday morning.
The chart below shows the one year performance of NX shares, versus its 200 day moving average.
The chart below shows the one year performance of HTS shares, versus its 200 day moving average.
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The chart below shows the one year performance of CREE shares, versus its 200 day moving average.
The chart below shows the one year performance of CVI shares, versus its 200 day moving average.
The chart below shows the one year performance of HES shares, versus its 200 day moving average.
The chart below shows the one year performance of WPX shares, versus its 200 day moving average.
The chart below shows the one year performance of GMT shares, versus its 200 day moving average.
The chart below shows the one year performance of HPT shares, versus its 200 day moving average.
The chart below shows the one year performance of ACMP shares, versus its 200 day moving average.
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The chart below shows the one year performance of TPX shares, versus its 200 day moving average.
The chart below shows the one year performance of CPWR shares, versus its 200 day moving average.
The chart below shows the one year performance of CHK shares, versus its 200 day moving average.
The chart below shows the one year performance of POR shares, versus its 200 day moving average.
The chart below shows the one year performance of CFR shares, versus its 200 day moving average.
The weekly chart profile stays positive with a close this week above the five-week modified moving average at 13, 106.
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