There is something important to point out in this chart, the volume is daily decreasing which could mean that the current trend will probably not continue and a reversal may be imminent. Stay tuned on AOB.
From a technical standpoint, RMBS is clearly losing momentum and the daily relative strength index has entered the bearish region. It has good support at $21.86 ( 50 day MA ). If it falls below this level on a close basis, then it can possibly go down to $20. Only a close above $24 would negate the short term bearish outlook.
Other stocks to watch :
List of stocks where MA 13 crossed below the MA 50 ( Bearish Cross ) on FridaySNY - SANOFI-AVENTIS ADS
JOYG - Joy Global Inc
PAR - 3PAR Inc
A - Agilent Technologies
IR - INGERSOLL RAND CO
VNQ - VANGUARD SPEC FDS R
PTV - PACTIV CORPORATION
NI - NISOURCE INC
EQR - EQUITY RESIDNTL PRO
XCO - EXCO RESOURCES INC
TOL - TOLL BROTHERS INC
ESLR - Evergreen Solar Inc
WM - WASTE MANAGEMENT INC
IYT - ISHARES DJIT INDEX FD
JBHT - J.B. Hunt Transport
VIP - Vimpel Communicatio
CSIQ - Canadian Solar Inc
CNQ - Canadian Natural Re
MWA - Mueller Water
FBR - Votorantim Adr
THRX - THERAVANCE INC
FBC - FLAGSTAR BANCORP INC
VCLK - ValueClick, Inc.
MHK - MOHAWK INDS INC
RPM - R P M INC
PCP - PRECISION CASTPARTS
PAG - UNITED AUTO GROUP INC
CSKH - Clear Skies Slr
AOD - ALPINE TOTAL DYNAMIC
CELM - CHINA ELECTRIC MOTO
ORN - Orion Marine Group Inc
AONE - A123 Systems Inc
NENA - Neenah Enterprises Inc
CBAK - China BAK Battery
E - E N I SPA ADR
NHP - NATIONWIDE HLTH PRO
MSCC - Microsemi Corporation
MIR - MIRANT CORPORATION
COL - ROCKWELL COLLINS INC
HEAT - SmartHeat Inc
ARIA - ARIAD Pharmaceutical
MBT - MOBIL TELESYSTEMS
RWR - SPDR DJ WS REIT
KLIC - Kulicke and Soffa
ACHN - Achillion Pharmaceutical
CEG - Constellation Energy
HTLD - Heartland Express
ACV - ALBERTO CULVER CO
GSIC - GSI Commerce, Inc.
SY - Sybase Inc
CWTR - Coldwater Creek, Inc.
ARW - ARROW ELECTRONICS INC
GES - GUESS INC
BCE - B C E INC
FCEL - FuelCell Energy, Inc.
EXK - ENDEAVOUR SILVER
ICOP - ICOP DIGITAL INC
NLC - NALCO HOLDING CO
USD - Ultra Semiconductor
AME - AMETEK INC NEW
CLR - Continental Resources
IGE - Ishr S&P Gsti Nt
EDU - New Oriental Educatoin ...
SCG - SCANA CORP
DRN - Direxion Daily Real
HLF - HERBALIFE LTD
SON - SONOCO PRODUCTS CO
NEU - ETHYL CORP
List of stocks where MA 13 crossed above the MA 50 ( Bullish Cross ) on Friday SOMX - SOMAXON PHARMACEUTIC
AXS - AXIS CAPITAL HLDGS LTD
CRXX - CombinatoRx Inc
CPO - CORN PRODUCTS INTL INC
CDVT - Card Activation Tec
BND - Vanguard Total Bond
RPC - AMDL Inc
RE - Everest Re Group Ltd
ONSM - Visual Data Corporation
ABTG - Ambient Corp
ANDE - Andersons, Inc. (The)
New 52-week High stocksGNW - GENWORTH FINCL INC
BNI - BURLINGTON NORTHERN
BA - BOEING CO
HNZ - HEINZ H J CO
NFLX - Netflix, Inc.
RX - IMS HEALTH INC
LBTYA - Liberty Global Inc
ACXM - Acxiom Corporation
SOA - Solutia Inc
SHW - SHERWIN WILLIAMS CO
GMCR - Green Mountain Coff
VAR - Varian Medical Syst
RDK - RUDDICK CORP
XTXI - CROSSTEX ENERGY INC
KT - KOREA TELECOM CORP
DLX - DELUXE CORP
PRGO - Perrigo Company
LCAPA - LIBERTY MED CP A
VCI - VALASSIS COMM INC
SFG - STANCORP FINANCIAL
EXXID - Energy XXI Ltd
UTHR - United Therapeutics
FFBC - First Financial Ban
CHTT - Chattem, Inc.
REGN - Regeneron Pharmaceutical
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's all Folks !!! Have a nice weekend !!!
AC