Stocks Crossing 50-Day SMA 10/09: (X) (NFX) (ACI) Above; (SBUX) (DTV) (CBS) Below

October 9, 2012 2:23 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:
  • US Steel (NYSE: X) - up 3.3 percent. Getting a little boost from VTB Capital today, which started coverage on the stock at Buy.

  • Arch Coal Inc. (NYSE: ACI) - up 3.2 percent. Fending off a downgrade at Goldman Sachs earlier as sentiment in the steel sector prevails.

  • Newfield Exploration Co. (NYSE: NFX) - up 6.5 percent. Moving higher on peer Continental Resources (NYSE: CLR) issuing a five-year growth plan late Monday.

  • GreenHunter Energy, Inc. (AMEX: GRH) - up 10.5 percent. Said its wholly owned subsidiary, GreenHunter Water, LLC, has recently begun handling water disposal services at its newly completed salt water disposal (SWD) facility located near Helena, Karnes County, Texas.
Crossing and below:
  • Starbucks Corporation (Nasdaq: SBUX) - down 2.1 percent. Could be seeing a little pressure from the Green Mountain (Nasdaq: GMCR) and Dr Pepper Snapple (NYSE: DPS) tea deal announced earlier.

  • DIRECTV (Nasdaq: DTV) - down 3.0 percent. J.P. Morgan downgraded shares from Overweight to Neutral, setting a price target of $58.

  • CBS Corp. (NYSE: CBS) - down 3.3 percent. CBS and DIRECTV entered a retransmission agreement today.

  • Acme Packet (Nasdaq: APKT) - down 5.6 percent. Lower as MetroPCS (NYSE: PCS) will not be moving forward with the VoLTE roll-out due to merger talks with Deutsche Telekom's T-Mobile USA unit. For more color, click here.

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