Buying Stocks Pullbacks to the 50-Day Average
Companies / Company Chart Analysis Dec 15, 2010 - 10:49 AM GMTOne successful investing/trading strategy to consider for the New Year is buying leading stocks when they pullback to the 50-day moving average.
We recently featured OPEN and CMG on our watch list:
As you can see, both stocks pulled back to their 50-day moving averages and today — POW!! Up, up and away.
This is what we help our subscribers do — buy leading stocks at alternative entry points when the stock has pulled back off of its highs to an area of support.
“More important for me than your stock suggestions are the common sense reasoning of the markets and trades……………..keeps me out of trouble! Thanks again,” Herman — North Carolina
By David Grandeywww.allabouttrends.net
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David Grandey is the founder of All About Trends, an email newsletter service revealing stocks in ideal set-ups offering potential significant short-term gains. A successful canslim-based stock market investor for the past 10 years, he has worked for Meriwest Credit Union Silicon Valley Bank, helping to establish brand awareness and credibility through feature editorial coverage in leading national and local news media.
© 2010 Copyright David Grandey- All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.
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