Stocks Crossing 50-Day SMA 07/19: (OCZ) (FIO) (DRYS) Above; (BAC) (CVS) (UNH) Below

July 19, 2012 3:18 PM EDT
The following is a list of stocks crossing the 50-day simple moving average (SMA) and are either above or below the metric. The 50-day is considered an indicator of a potential near-term trend formation.

Crossing and above:Crossing and below:
  • Bank of America Corp. (NYSE: BAC) - down 3.9 percent. BofA shares dropped Wednesday amid its second quarter numbers. Shares were pressured today around the 50-day SMA.

  • CVS Caremark (NYSE: CVS) - down 5.7 percent. CVS lower following Walgreens (NYSE: WAG) and Express Scripts (Nasdaq: ESRX) hammering out a new pharmacy network deal earlier. CVS issued comments shortly thereafter.

  • UnitedHealth Group (NYSE: UNH) - down 2.7 percent. UnitedHealth giving a shimmy, then a shake, following second quarter results and improved outlook issued earlier. Shares had been trading in a tight range prior to today and post-Obamacare ruling by the Supreme Court in late June.

  • The Goldman Sachs Group, Inc. (NYSE: GS) - down 1.6 percent. Goldman following financials lower after crossing above the 50-day on Tuesday. Trader might want to watch this stock, with shares butting up against the 50-day on July 3rd and 5th, though volume was lower both days due to the holiday week.

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