Monday, June 22, 2009
Technology Stocks Sell Off
Aggressive breakdowns below the 50-day simple moving averages is usually interpreted as a lack of "institutional" buying, suggesting a bigger picture "trend change" in the works. Trading below their 50-day sma's include: AMZN, ADSK, AKAM, CTSH, CSCO, EBAY, FSLR, FMCN, GOOG, INTC, JNPR, KLAC, MCHP, NVDA, RIMM, RHT, SINA, SNDA, SYMC, VCLK, YHOO.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment