A stock scan performed after the close on Tuesday for “the cross” found two stocks that might be instructive:
The thesis goes something like this: the up or “golden” cross (50-day MA moves above 200-day MA) is supposed to be bullish while the down or “death” cross (50-day MA moves below 200-day MA) portends to weakness.
F.N.B. Corporation (FNB)
Daily Chart with 50- and 200-day Moving Average
Daily Chart with InVivo Swing Trading Tools
FNB is in the regional bank industry. Everyone is watching bank stocks these days to see which company takes money from the Treasury. Which ones will thrive in these tough times?
Magellan Health Services (MGLN)
MGLN is in the healthcare facilities industry.
