Home Depot (HD), Visa (V), and Nike (NKE) are buys at these levels when you consider only the 50-Day and 200-Day simple moving averages of all the stocks in the Dow Jones Industrial Average. Nike's 50-day simple moving average (SMA) is greater than its 200-day SMA. That's considered a bullish signal for the stock. Its 10-day SMA is greater than both its 50-day and 200-day. Both Visa and Home Depot exhibit the Golden Cross pattern where the 50-day SMA exceeds the 200-day SMA. But, based on fundamentals are they too expensive?
Exhibit: Simple Moving Average May be Indicating that Nike is Buy
(Source: Securfii)
Exhibit: Simple Moving Average May be Indicating that Home Depot and Visa are a Buy
(Source: Securfii)
Disclosure: I do not currently own HD, V, and NKE.