NSSC looks promising after a 55 Moving Average bounce
5 reasons why NAPCO Security Technologies looks promising
#1 - Price has just retested the 55 Exponential Moving Average, a key ema here
#2 - Price candlesticks show the bounce and subsequent break past 3 key Exponential Moving Averages;
8 ema ( green), 21 ema (yellow crosses), 34 ema (orange)
#3 - Volume levels indicate a nice uptick in volume over the past 5 days
#4 - 2 key sentiment indicators; Stochastic and the RSI Indicator strongly suggest bullish
movement upwards
#5 - We have a GREEN STACKED WEEKLY EMA condition, and a YELLOW stacked daily ema condition (could turn green shortly);
EMAs are natural price resistances for the stock price. However, the stock price is ABOVE these resistance levels,
allowing price to trend toward prior price targets and not being hampered by emas holding it back
In addition to these favorable conditions, Friday's candlestick alone is very bullish.
Institutional ownership is at a whopping 77%! As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute.
As traders, the best we can do is to do our due diligence, pull the trigger on something that makes sense.
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
#1 - Price has just retested the 55 Exponential Moving Average, a key ema here
#2 - Price candlesticks show the bounce and subsequent break past 3 key Exponential Moving Averages;
8 ema ( green), 21 ema (yellow crosses), 34 ema (orange)
#3 - Volume levels indicate a nice uptick in volume over the past 5 days
#4 - 2 key sentiment indicators; Stochastic and the RSI Indicator strongly suggest bullish
movement upwards
#5 - We have a GREEN STACKED WEEKLY EMA condition, and a YELLOW stacked daily ema condition (could turn green shortly);
EMAs are natural price resistances for the stock price. However, the stock price is ABOVE these resistance levels,
allowing price to trend toward prior price targets and not being hampered by emas holding it back
In addition to these favorable conditions, Friday's candlestick alone is very bullish.
Institutional ownership is at a whopping 77%! As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute.
As traders, the best we can do is to do our due diligence, pull the trigger on something that makes sense.
*Let's see what happens*
DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
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