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Three Stocks Below Their 50 Day Moving Average

Some professional traders are calling 2014 a stock pickers market. No longer is a blanket bet on the overall market moving upwards going to result in big profits, say the pros.

With that in mind, here are three stocks currently trading below their 50 day moving average that might be worth a look:

Abbott Labs (NYSE: ABT)- After a strong move to the upside in February, Abbott has seen selling pressure since the beginning of March. Last week the stock broke below its 50-day on strong volume. This is not the time to buy Abbott since the stock has no meaningful support below.

Abbott, however, has been a favorite among investors for years and with 2014 being a year of volatility for the stock, don’t count it out.

Time Warner Cable (NYSE: TWC)- Never mind the fact that the company may become Comcast, investors have taken back all of the gains that came from that announcement. The stock is sitting slightly below its 50-day and is in an area of strong support. The stock could move higher if it continues to hold this key level.

Yahoo (NASDAQ: YHOO)- Whether or not you think the company has staying power might be something to consider if you’re an investor but as a trader, you can’t argue that the company that was once left for dead has come roaring back.

Technically, Yahoo is forming an interesting wedge pattern that may cause it to break to the upside in the near future. On the other hand, it could move lower but what history tells us is that we should expect a big move once the wedge is broken.

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

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