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UhOh for MoMo

October 28, 2009

What a change over the past few days. Aside from sentiment, stocks have stage a remarkable turn that is showing up in their harsh move below key averages.

Just the past day saw a huge percentage move below their 20-Day MA and 50-Day MA.

From BarChart.com

(Click to enlarge)

momo_oct29

Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.

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Written by Andrew Horowitz · Filed Under Markets, Stocks 

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One Response to “UhOh for MoMo”

  1. Links and Reading for October 31st : The Disciplined Investor on October 31st, 2009 8:00 pm

    [...] UhOh for MoMo : The Disciplined Investor – What a change over the past few days. Aside from sentiment, stocks have stage a remarkable turn that is showing up in their harsh move below key averages. [...]

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