Zacks.com featured expert Kevin Matras highlights: Church & Dwight Co. Inc., RLJ Lodging Trust, PacWest Bancorp, American Express Company and C.R. Bard Inc.
by PR Newswire
CHICAGO, Nov. 29, 2012 /PRNewswire/ -- Stocks in this week's article include: Church & Dwight Co. Inc. (NYSE: CHD), RLJ Lodging Trust (NYSE: RLJ), PacWest Bancorp (NASDAQ: PACW), American Express Company (NYSE: AXP) and C.R. Bard Inc. (NYSE: BCR). Kevin Matras shows how to use stock retracements and moving averages to pin-point rebound reversals and rally continuations.
Screen of the Week written by Kevin Matras of Zacks Investment Research:
In general, stocks that drop below their 50-day and 200-day moving averages are looked at as potentially bearish, while stocks that breakout above them are considered potentially bullish. Traders and investors will often key in on these levels as places to buy and sell stocks.
Another often used indicator for buying and selling are retracements. Common retracement levels, as defined by Fibonacci, come in at 38.2%, 50% and 61.8%. These levels are looked at strategically, like the moving averages, as places to either get long or short.
With this screen (2 screens actually) we're going to combine both of these indicators to find stocks that look like bearish retracements and others that look like bullish set ups.
For the rest of this Screen of the Week article please visit Zacks.com at:http://www.zacks.com/commentary/24702/
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