Stocks Crossing 50-Day SMA 07/27: (ACI) (LNG) (CAT) Above; (DG) (CROX) (ANH) Below


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July 27, 2012 3:25 PM EDT Send to a Friend
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:
  • Arch Coal Inc. (NYSE: ACI) - up 30.4 percent. Ripping today after beating Street loss expectations with its second-quarter report. Shares crossed above the 20-day SMA as well.

  • Cheniere Energy, Inc. (AMEX: LNG) - up 6.2 percent. Cheniere has been flat over the last two months, with shares trading between $12 and $16 as nat gas prices struggled to regain some ground. Trading has been so flat that the 20-, 50-, and 100-day averages are within striking distance of each other.

  • Caterpillar Inc. (NYSE: CAT) - up 3.6 percent. Popping above the mark after not being over the 50-day since March. Caterpillar has been on a three session win streak since reporting second-quarter results on July 25th.

  • Activision Blizzard, Inc. (Nasdaq: ATVI) - up 1.2 percent. Got a bit of a boost from Glu Mobile on Thursday following Glu's DG) - down 0.6 percent. Not too much going on here, but ever since hitting the 50-day on July 25th, Dollar General has closed lower each subsequent day. The improving economy shouldn't be good for discount retailers and grocers, with consumers itching to trade up.

  • Crocs, Inc. (Nasdaq: CROX) - down 2.5 percent. Crocs making a pullback following a 16.9 percent run Thursday on strong Q2 numbers.

  • Anworth Mortgage Asset Corporation (NYSE: ANH) - down 1.6 percent. Missed Q2 expectations by two cents Thursday night. Shares are down, but have been stuck above $6.60 for a few months.


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