A stock scan performed after the close on Tuesday for “the cross” found two stocks that might be instructive:
- F.N.B. Corporation (NYSE:FNB)
- Magellan Health Services, Inc. (NASD:MGLN)
The 50/200 “Cross”
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)
Daily Chart with 50- and 200-day Moving Average
Daily Chart with InVivo Swing Trading Tools
MGLN is in the healthcare facilities industry. MGLN announced earnings last week and CEO Rene Lerer said, “The third quarter was a successful one for Magellan, with our radiology benefits management and specialty pharmacy segments — NIA and ICORE, respectively — performing particularly well.
A Word About Stock Picking
What you should do with these ideas are up to you.
