3 Interesting Stocks That Crossed 200 Day Moving Average
Every now and then I like to run scans for stocks that recently crossed over the 200-day moving average (and some other factors). Mainly because the 200-day time frame is noted as a major trend reversal area.
Below are a couple charts that stood out to me after running a stock scan using Finviz.
AMAG Pharmaceuticals (AMAG) – Crossed 200-day moving average a month ago and tested support over last couple of trading days. With RSI bouncing above 50 and MACD still above 0, AMAG could very well pop nicely here towards $49 – $51.
Cogent Inc. (COGT) – This stock seems to have bounced off 50-day moving average after failing to hold support at the 200 MA. RSI has stayed above 50, which could lead to a nice boost up to $11.
J.B. Hunt Transport Services (JBHT) – This stock has failed multiple times to close below 200 MA. Until that happens, continue to watch for this stock to bounce higher off 200 MA.
