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May 24, 2013 -- Updated January 03, 2013 00:47 HKT

QQQ Makes Bullish Cross Above 200-Day Moving Average


paul@livetradingnews.com
Posted on: Jan 3rd, 2013

QQQ Makes Bullish Cross Above 200-Day Moving Average
QQQ
Wednesday, shares of the PowerShares QQQ ETF NASDAQ: QQQ crossed above their 200 Day Moving Average at  65.64, tapping as high as 67.10 per share.
PowerShares QQQ shares are currently trading up about 1.48% on the day. The chart below shows the one year performance of QQQ shares, Vs its 200 Day Moving Average.
PowerShares QQQ 200 Day Moving Average Chart
Looking at the chart above, QQQ’s 52 wk trading range is 55.82 – 70.58, that compares with a last trade of $66.63
LTNs Analysis:  Overall        Short                      Intermediate             Long
                         Bullish (0.39) Very Bullish (0.61) Very Bullish (0.52)  Neutral (0.03)










 

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Heffernan Capital Management
Linda Johnson,
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Sales@Heffcap.com

Singapore

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 Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

 

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Posted by on Jan 3rd, 2013and filed underEquities, Latest News.You can follow any responses to this entry through theRSS 2.0You can skip to the end and leave a response. Pinging is currently not allowed.
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