After the whitewash of yesterday I took a look at stocks still trading above their 200-day MAs. It turend out to be a very small list. One stock which grabbed the attention was ArcSight (stronga href=”http://www.zignals.com/main/charts/trystockcharts.aspx?param=Vlc3NDI=?end”ARST/a/strong). Not only is it clinging on to its 200-day MA but recently enjoyed a “Golden Cross” with ts 50-day MA. br /br /a href=”http://1.bp.blogspot.com/_WWGUfU1tOjI/SbEaJSTE8WI/AAAAAAAAAyY/7iqGbWkq2kE/s1600-h/ArcMar5.png”img style=”display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 320px; height: 211px;” src=”http://1.bp.blogspot.com/_WWGUfU1tOjI/SbEaJSTE8WI/AAAAAAAAAyY/7iqGbWkq2kE/s320/ArcMar5.png” border=”0″ alt=”"id=”BLOGGER_PHOTO_ID_5310054182479524194″ //abr /span class=”fullpost”I have entered a a href=”http://www.zignals.com/main/charts/trystockcharts.aspx”YourCall/a for a 25% gain with a stop on a loss of $8. Maybe if the Payroll data doesn’t disappoint as much as people are bracing for, it could catch a bid. br /br /span style=”font-size:80%; color:#cccccc;”Dr. Declan Fallon, Senior Market Technician, a href=”http://www.zignals.com”Zignals.com/a the free stock alerts, market alerts, and stock charts website /span/span

Last 5 posts by Declan Fallon

• Creating a Trading Strategy in Zignals - November 10th, 2009
• FTSE 250 ETF : Breakdown of 20-day moving average - October 27th, 2009
• NASDAQ Breadth Top-Heavy - September 30th, 2009
• NASDAQ Sep 22nd 2008: 2,179 - Sep 22nd 2009: 2,146 - September 23rd, 2009
• ISEQ Bull Rally - September 16th, 2009