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, Zignals.com the free stock alerts, market alerts, and stock charts website
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