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10 Must Have Stocks Below Their 50 Day Moving Average

Criteria: Large cap stocks below their 50-day moving average priced over $5. Recommendations based solely on technicals.

1.) Amazon.com (NASDAQ: AMZN)- After plummeting more than 10 percent after earnings, the stock is attractive at these levels.

2.) AstraZeneca (NYSE: AZN)- After a nasty fall in May, the stock has created a wedge that will break down at any time. Look for the stock to move higher.

3.) BorgWarner (NYSE: BWA)- The stock will either bounce off of its forming double bottom or fall through it. Either way, it’s due for a big move.

4.) Carnival Corporation (NYSE: CCL)- The stock is beaten down but appears to have found a base.

5.) Deere & Company (NYSE: DE)- This has been a buy on the dips stock for years. Take advantage of the lows right here but prepare to hold for a while and take the dividend.

6.) Estee Lauder (NYSE: EL)- If the stock holds these levels, expect another challenge of the $77 level.

7.) McDonalds (NYSE: MCD)- The stock is beaten down due to bad press but the company is sound. This is a buy level.

8.) T-Mobile (NYSE: TMUS)- The stock has fallen and now sits at its 200 day moving average. Watch for a bounce.

9.) Union Pacific (NYSE: UNP)- After forming a recent double top, the stock broke down but the stock is in a strong uptrend. Get in now.

10.) YUM Brands (NYSE: YUM)- A new CEO and bad press pushed this stock lower but it’s due for a bounce.

Disclosure: At the time of this writing, the author had no position in the companies mentioned.

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