Actionable news
All posts from Actionable news

Sell AMD, Valeant Stock And Walt Disney Co - Top Crossover Trades For Today

Here is a summary of today's most popular moving average crossovers. Advanced Micro Devices, Inc (AMD) stock made a bearish crossover with its 50-day moving average support line. Valeant Pharmaceuticals Intl Inc (NYSE:VRX) stock closed below the 50-day and 100-day moving averages and is down 10% in yesterday's trade. Shares of Walt Disney Co (NYSE:DIS) are headed down after the 200-day and 50-day moving averages made the feared death cross. If you want to see the complete set of technical trading ideas for today check out here.

Advanced Micro Devices, Inc (AMD) stock breached 50-day moving average support.

Shares of Advanced Micro Devices, Inc (NASDAQ:AMD) stock closed below the crucial 50-day moving average line during yesterday's trade, indicating that the stock is likely to continue its downtrend. The 50-day moving average is generally considered a strong support line. As you can see from AMD technical analysis, the 50-day moving average has provided strong support to the stock price over the last three months. However, after yesterdays bearish crossover, the 50-day moving average will...