WDC, NAND, NVM, enterprise storage systems, etc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.

SNDK 223.28

+3.8%

Nov 28 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sam who wrote (3274)	11/29/2017 5:02:16 PM
From: SiliconAlley	Read Replies (1) of 4833

There is a difference between two stocks going down x% and one significantly breaking its 200 day MVA . Stocks do not move in unison, and have different forces affecting supply and demand. The fact that the 200 day MVA was not defended today, in the case of WDC, speaks volume. This is because of court proceedings. The 200 day MVA was breached today by roughly 6%. This is extremely significant and will have a grossly negative affect on supply and demand. Other stocks you have mentioned, such as MU, remain well above their 200 day MVA. You will see the impact as stocks recover. Those below the 200 day MVA will lag those above, during any rallies. The trend is now clearly down. In any event, I was responding to a poster who discussed the "big picture." My response was about the big picture, not about today's action.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next