Leaders Trading Under Support
Posted on Mon 12th Nov, 2007 03:16:58 PM
Heading into the last hour of trading we have several leaders now trading under key support!
Take a look at the following stocks that as of 3:05 PM are trading below their 50 day moving averages:
- Dryships Inc (DRYS), down $10.01 to $87.12
- Research in Motion (RIMM), down $9.48 to $103.60
- Mcdermott Intl (MDR), down $5.23 to $50.90
- Apple (AAPL), down $7.56 to $157.81
- National Oiwell Varco (NOV), down $5.23 to $65.90
- Chipotle (CMG), down $.94 to $120.66
- Companhia Siderugic Ads (SID), down $4.08 to $69.09
- Precision Castparts Corp (PCP), down $3.77 to $140.38
Full market summary up next at 4:15 PM EST.
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RIMM is taking massive beatings as of late..
We’ve closed under DJIA 13,000. Now is when things get interesting. I’m willing to stick my neck out and say the bull market may be winding down.
be a fair bet for sure. Watching these leaders, even big names like Google may take months to base back out to move to new highs.
Hmmm. GOOG as well, was flirting with 750 only last week Wednesday. It closed at 627.
I’ve been out all day. Figured today was a light day. Just noticed GOOG taking a 30+ hit. Tech is shedding worse than my Sheltie during the winter season.