Below we highlight the Russell 1,000 stocks that are trading the furthest above and below their 50-day moving averages. Amazon.com (AMZN) is by far the most above its 50-day at 41%, while US Airways (LCC) is the most below at -22.27%.
Comments
But as a practical matter, what does this signify? That these stocks are expected to revert to their mean? That stocks trading above their 50 day are possible shorts?
But as a practical matter, what does this signify? That these stocks are expected to revert to their mean? That stocks trading above their 50 day are possible shorts?
Posted by: Michael Greenberg | May 22, 2007 at 09:53 AM