50 Day MA Pull Back Revisited
Neoware Systems Inc. (NWRE) is in perfect buying position after a pull back to it's 50 day moving average. It hit it's 50 day MA at 10:00am and then moved higher throughout the day. Neoware is number 2 for stock performance in the Computer-Manufacturer group behind Apple (AAPL). It's always a good sign when a stock has strong company in it's group. Since we all got shook out of Syneron (ELOS), maybe this is a good place to put the money.
Neoware Systems Inc. (NWRE) is in perfect buying position after a pull back to it's 50 day moving average. It hit it's 50 day MA at 10:00am and then moved higher throughout the day. Neoware is number 2 for stock performance in the Computer-Manufacturer group behind Apple (AAPL). It's always a good sign when a stock has strong company in it's group. Since we all got shook out of Syneron (ELOS), maybe this is a good place to put the money.
posted by jerkwater at 7:38 PM
2 Comments:
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I got in on NWRE at 21.20. We're down 0.10 including after-hours for the weekend. There's a huge disparity between the bids and asks. So far that's usually resulted in the stock climbing.
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