Thursday’s Top Stocks From TradingMarkets
The worst performing
sector today was the Semiconductor. As you can see below, $SOX.X
could not take out the 50-day MA and closed near the day’s low. It may be
heading down to test the September 8 low, but the rising 20-day MA can be a
potential support level.
Diamonds Trust (DIA) re-crossed below the 200-day MA, but it ended above
the rising 20-day MA like $SOX.X. Nasdaq-100 Index Tracking Stock (QQQ)
lost 1.05% of its value, and finished slightly above a support line.
Now, let’s see three stocks for tomorrow:
Anheuser Busch (BUD): The stock formed a bullish engulfing bar and closed
near the day’s high on heavy volume. We may see a minor recovery rally.
Macromedia (MACR): The issue gapped down at the open and finished the day
slightly below the 20-day MA. Look for a test of the bottom of a trading range.
Allegheny Technologies (ATI): The stock has formed an outside bar just
above the ascending 20-day MA. Look for a resumption of the uptrend.
Good night and see you tomorrow.