Ep 150: Groundhog Day Special! Investing Lessons Learned From The Movie
Investing With IBD
00:00
The 50 Day Moving Average and the Stock's Rally
The stock has been going down for a good couple of months here but you know that 200 day is going to be it should be some good resistance there. The 50 day might cross below the 200 day pretty soon and so you could have two reasons for some pretty good resistance if the stock rallies back up towards the 200 day moving average. This is where you have to be very careful of saying you know what I'm going to buy this when it's at the bottom of a cup because risk management is so important.
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