The DJIA, S&P 500, and the NASDAQ Composite are all below the 150 day and 200 day moving averages. None of them have crossed above the trendline. Notice the trendline is also right at about the 200 day moving average in all three cases. The market has not broken out of the bear market yet that started April 26, when all three indices hit the high.
I am also watching 13 stocks and investing different ways with the following stocks.Aeropostale Inc. ARO
Amedisys Inc. AMED
Catalyst Health Solutions, Inc. CHSI
Chipotle Mexican Grill CMG
Cognizant Technology Solutions Corp. CTSH
Deckers Outdoor Company DECK
Devry Inc. DV
Ezcorp, Inc. EZPW
Gilead Sciences, Inc GILD
Intuitive Surgical, Inc. ISRG
Medifast, Inc MED
Noble Corp NE
Quality Systems, Inc. QSII
Most of these stocks are classified as being undervalued based on Stock 2 Own
This website analyzes stocks based upon fundamental analysis based upon "Rule #1 The Simple Strategy for Successful Investing in Only 15 Minutes a Week!" by Phil Town.
I will be looking at each of these stocks in more detail based upon fundamental and technical analysis over the next week.
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