MSFT, PCAR approach 200-day SMA inflection point
Widely held stocks at inflection points with their 200-day Simple Moving Average (SMA) in play
The 200-day SMA serves as both technical support for stocks and a major psychological level for active investors. Stocks approaching their 200-day SMA represent major inflection points for active investors attempting to maintain long positions, reallocate capital or confirm their short bias. Many stocks on this list will look to find support at their 200-day, while others will confirm new downtrends.
Stocks listed below are widely held with market cap over $500 million.
Microsoft Corporation || NASDAQ:MSFT || 0.15% above 200day
Technology | Application Software | USA | Mrkt Cap. 218.04B
Microsoft closed slightly above its 200-day SMA, but spent much of the trading day below. The recent break in the uptrend coupled with a deep close, will have even the most adent bull debating the stock’s upside.
PACCAR Inc || NASDAQ:PCAR || 0.18% above 200day
Consumer Goods | Trucks & Other Vehicles | USA | Mrkt Cap. 17.97B
Paccar’s 200-day also coincides with a prior breakout support at $48, this might represent the type of chart active investors may look to trade from the long side after a base has been established at these levels.
Other stocks trading around their 200-day that have charts similar to the stocks featured above.
Bally Technologies, Inc. || NYSE:BYI || 3.11% below 200day
Services | Gaming Activities | USA | Mrkt Cap. 2.05B
JA Solar Holdings Co., Ltd. || NASDAQ:JASO || 2.14% below 200day
Technologies | Semiconductor – Specialized | China | Mrkt Cap. 1.18B
Pinnacle Entertainment Inc. || NYSE:PNK || 2.63% below 200day
Services | Gaming | USA | Mrkt Cap. 774.24M
Ameron International Corporation || NYSE:AMN || 0.257% above 200day
Industrial Goods | General Building Materials | USA | Mrkt Cap. 640.66M
*DISCLOSURE: None
