Tuesday, June 5, 2012

200 day Support for 8 Stocks?

The last line of defense in a stock becoming bearish or bullish is its 200 day moving average.  200 day moving average are kind of the magical line that could prevent a stock in an uptrend from falling further.  Therefore it has some qualities that predispose it to support stocks especially if they have not tested that level.  So there were a couple of stocks still relatively bullish meaning their intermediate bull trend is still intact.

Wells Fargo (WFC)



Capitol One Financial (COF)



Regions Financial Corp (RF)



Pulte Group (PHM)

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