Pocket Pivot

A Pocket Pivot is a bullish chart pattern where a stock's price briefly dips below its 50-day moving average (a line showing the average closing price over 50 days) but then quickly bounces back above it within a few days. You'll see this pattern mentioned in technical analysis—the study of price charts to predict future moves—because traders view it as a sign of underlying strength. When a stock refuses to stay down and snaps back up, it suggests buyers are defending that price level. For example, if TechCorp stock dipped below its 50-day line on Tuesday but closed above it by Thursday, that could be a Pocket Pivot. It's not a guarantee, but many traders watch for these moments as potential entry points.