Stocks Crossing 50-Day SMA 09/13: (CLF) (GFI) (AMRN) Above; (LCC) (UAL) (NVDA) Below
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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 above:
- Cliffs Natural Resources (NYSE: CLF) - up 7.8 percent. Nomura upgraded the stock from Neutral to Buy earlier. For more, click here.
- Gold Fields Ltd. (NYSE: GFI) - up 4.0 percent. Moving to the upside as FOMC might spell a gold mine for gold miners. Diltion of the dollar will make precious metals contracts cheaper, drawing interest from cautious investors.
- Amarin Corporation plc (Nasdaq: AMRN) - up 5.3 percent. The pharma may have canceled a presentation at the upcoming UBS conference, though nothing has been officially confirmed.
- Alcatel-Lucent (NYSE: ALU) - up 2.9 percent. Earlie in the week, Alcatel announced some executive restructuring and shares have ben ticking higher ever since. For more, click here.
- US Airways Group (NYSE: LCC) - down 4.2 percent. Continuing lower today following news Wednesday that American (OTCBB: AAMRQ) signed a capacity purchase agreement with SkyWest (Nasdaq: SKYW). For more on that deal, click here. Additionally, AMR Corp., the parent of American, was given approval from a U.S. bankruptcy judge to ease restriction on outsourcing of more flying in its attempt to exit bankruptcy.
- United Continental Holdings, Inc. (NYSE: UAL) - down 1.2 percent. Lower as rising crude costs on increased demand from a rebound in labor will clip margins as jet fuel becomes more expensive.
- NVIDIA Corporation (Nasdaq: NVDA) - up 0.4 percent. Citi lowered its price target on the chip maker from $16.50 down to $15.25, keeping a Neutral rating on the stock. Peers Marvell, Intel, and AMD weren't so lucky, with Citi downgrading the trio from Neutral to Sell earlier.
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Related EntitiesUBS, Citi, Federal Open Market Committee, Nomura, Crude Oil, Bankruptcy, Stocks crossing the 50-day simple moving average
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