Hey Gang,
We have spoken about the 50-day Moving average alot. This market is battling that average and many individual stocks are playing around the average. A couple weeks ago in the blog on 50-day MAs, we showed how many stocks were breaking above the 50-day MA and explained the bullishness of that action. Many of the stocks that captured the 50-day MA moved higher and recent market activity is creating a buyable pullback. Below are stocks that are retesting the moving average. Buying on successful restests is one of my favorite strategies because it allows for a simple exit if the levels do not hold.
Happy trades,
Jeff
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