The US Market seems to resist to all the bad news last 2 days. I did a screen on the NYSE and found some interesting counter that is sitting nicely on the 20d MA line and they looks to start rebounding from the 20d MA line.
Here’s a few stock for your reference:
- AT&T
- Biomed Realty TR Inc
- Coach Inc
- CSX Corp
- De Vry Inc
- Global Payments Inc
- Snap-On Inc
The following are some examples of the charts to demonstrate the behavior of supporting on the 20d MA line. 20d MA offers a good entry point whenever a stock retrace in an up trending market.
Trade with care and just remember that you must have a system when you are doing trading. You need to know your entry, your exit in either a target win or a stop loss. These are all important limit you must have in your battle plan.
DISCLAIMER: This is not an inducement to buy or sell. You should do your own analysis on top of my postings.
