InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register account icon
S&P 500
5,505.00
(
-0.71%
)
US TECH 100
19,175.20
(
0.87%
)
Dow Jones
40,287.53
(
-0.93%
)
Brent Oil
81.53
(
-0.92%
)
Bitcoin
67,330.72
(
-1.21%
)
Post# of 7742
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

poolecw

Send PM Follow Ignore
Followers 1
Posts 351
Boards Moderated 0
Alias Born 03/26/2011

poolecw

Re: None

Monday, 05/16/2011 8:20:08 PM

Monday, May 16, 2011 8:20:08 PM

Post# of 7742
I think that one of the reasons BFAR did well last week was that on May 9, the 5 SMA crossed over the 20 SMA. A lot of traders use that as a trigger to buy. They made their gains and then sold off.

The 50 SMA is coming down rather quickly. I bet we will see some buying action as the 5 or 20 SMA crosses it in a week or so.

These type actions a fun to see and you can pick up good bank, but the game changer will be when the financials come out (soon I hope)
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up