Stocks moving above 200-day moving average.
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Last week the S&P 500 overtook its 200-day moving average. The 200-day moving average is often used to identify long-term trends in the stock market. When a stock moves above its 200-day moving average, it is often interpreted as a bullish signal, indicating that it may be in an uptrend. However, the bullish trend did not continue this week; some stocks were able to remain near their 200-day moving average and seem to be regaining the bullish momentum that they had before the current bear market. Today we will look at seven of these stocks that seem to have recaptured their long-term upward momentum and could see outsized returns if they can sustain that momentum in the coming months and years. Onwards and Upwards, |
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 Stock To Watch: Alaska Air Group, Inc. (ALK) - Alaska Air Group, Inc. is an Industrials company.
- The company has a 200-day average price of $45.8, which is near its current price of $49.75.
- So far this year, the stock has returned 18.7%.
- Investors estimate the stock has an upside of 24.4% in the next 12 months.
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 Stock To Watch: Delta Air Lines, Inc. (DAL) - Delta Air Lines, Inc. is an Industrials company.
- The company has a 200-day average price of $34.5, which is near its current price of $38.95.
- So far this year, the stock has returned 16.3%.
- Investors estimate the stock has an upside of 32.1% in the next 12 months.
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 Stock To Watch: EPAM Systems, Inc. (EPAM) - EPAM Systems, Inc. is a Technology company.
- The company has a 200-day average price of $341.9, which is near its current price of $340.06.
- So far this year, the stock has returned 5.5%.
- Investors estimate the stock has an upside of 22% in the next 12 months.
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 Stock To Watch: Diamondback Energy, Inc. (FANG) - Diamondback Energy, Inc. is an Energy company.
- The company has a 200-day average price of $136.1, which is near its current price of $146.8.
- So far this year, the stock has returned 6.2%.
- Investors estimate the stock has an upside of 23.1% in the next 12 months.
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 Stock To Watch: MGM Resorts International (MGM) - MGM Resorts International is a Consumer Services company.
- The company has a 200-day average price of $34.6, which is near its current price of $38.75.
- So far this year, the stock has returned 17.9%.
- Investors estimate the stock has an upside of 28.2% in the next 12 months.
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 Stock To Watch: Moderna, Inc. (MRNA) - Moderna, Inc. is a Health Care company.
- The company has a 200-day average price of $154.5, which is near its current price of $191.13.
- So far this year, the stock has returned 6.9%.
- Investors estimate the stock has an upside of 20.1% in the next 12 months.
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 Stock To Watch: T-Mobile US, Inc. (TMUS) - T-Mobile US, Inc. is a Telecommunications company.
- The company has a 200-day average price of $138.5, which is near its current price of $144.52.
- So far this year, the stock has returned 6.9%.
- Investors estimate the stock has an upside of 20.1% in the next 12 months.
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 |  | Liam Gill is a founder, lawyer and investor.
He previously founded Fumarii Technologies, which became a top 20 ranked cloud computing service (Yahoo Finance! 2019) valued at over $30M. He holds an LLB Laws (UK), MSc Management and Master of Laws and currently practices law in Vancouver, Canada.
|   | | Editor | Beth is a writer and editor at Inside.com covering artificial intelligence and daily technology news. You can reach her at Beth.Duckett@inside.com. | |
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