Shares of Mach7 Technologies Limited (M7T.AX) have been trending up over the past quarter, revealing solid bullish momentum for the equity, as they ran 351.35 over the past 13 weeks. Looking more nearterm, the stock moved 41.53% for the week. Looking slightly further out we note that the shares have moved 79.57% over the past 4-weeks, 317.50% over the past half year and 263.04% over the past full year.
Scanning the equity markets, it is quite obvious that there are plenty of stocks to choose from. This may make things a bit overwhelming for the beginner investor, but it should also be seen as a great opportunity. Of course, studying up on every single stock may be nearly impossible. Just focusing in on a few different stocks at a time that pique the interest may be the way to start. Investors are often bombarded with stock picking strategies and sure bet winners. Some of the information might end up being correct, but a lot of it may turn out to be nonsense. If investors decide to manage their own money, they may want to make sure that no stone is left unturned. Doing the proper amount of research can work wonders for the health of a portfolio over the course of time. Following a proven market guru may work for some, but it may leave others with many questions that have gone unanswered. What works for one investor may not work for another.
A popular tool among technical stock analysts is the moving average. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. They may also be used to assist the trader figure out proper support and resistance levels for the stock. Currently, Mach7 Technologies Limited