Stocks Crossing 50-Day SMA 10/08: (PLCM) (ARNA) (MWW) Above; (FB) (SYMC) Below

October 8, 2012 4:00 PM EDT Send to a Friend
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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:
  • Ploycom (Nasdaq: PLCM) - up 8.5 percent. Had a few news releases out today with new product and technology announcements. Items included RealPresence Platform, VisualEdge Executive Desktop, and others.

  • Arena Pharmaceuticals (Nasdaq: ARNA) - up 1.3 percent. Arena making a move above the moving average following positive news for VIVUS (Nasdaq: VVUA) Qsymia earlier.

  • Monster Worldwide, Inc. (NYSE: MWW) - up 10.4 percent. Shares have been volatile lately, with investors anticipating some sort of M&A announcement. The 50-day SMA is currently situated at $7.34.

  • Cliffs Natural (NYSE: CLF) - up 5.8 percent. Popping on a rise in iron ore prices, as reported over the weekend. Prices increased 6 percent to $110.40 per ton in China, according to The Streel Index.
Crossing and below:
  • Facebook (Nasdaq: FB) - down 2.5 percent. Lower following a BTIG downgrade earlier.

  • Symantec Corp. (Nasdaq: SYMC) - down 1.5 percent. Showing a little weakness following Intel (Nasdaq: INTC) making some job cuts at its McAfee unit.


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