Friday, March 6, 2009

Zignals Stock Charts: ArcSight Inc

After the whitewash of yesterday I took a look at stocks still trading above their 200-day MAs. It turend out to be a very small list. One stock which grabbed the attention was ArcSight (ARST). Not only is it clinging on to its 200-day MA but recently enjoyed a "Golden Cross" with ts 50-day MA.

I have entered a YourCall for a 25% gain with a stop on a loss of $8. Maybe if the Payroll data doesn't disappoint as much as people are bracing for, it could catch a bid.

Dr. Declan Fallon, Senior Market Technician, the free stock alerts, market alerts, and stock charts website