Stocks Approaching the 200-Day Moving Average: (ROSG, ZSTN, XNN)
July 11th, 2010 at 8:17 am Posted by Deina Rostiana
The Dean would like to bring attention to 5 stocks approaching their 200-day moving average:
Rosetta Genomics Ltd. (NASDAQ: ROSG) produces Micro-RNAs for different cancer diagnostic tests as well as treatments. ROSG gained 12 cents this week closing at $1.62. This $1.62 trading price is close to its 200-day moving average. ROSG’s 200-day moving average is $1.97. Important to note that is that the 200-day moving average was inflated by high trading values toward the earlier weeks of this 200-day period.
ZST Digital Networks, Inc. (NASDAQ: ZSTN) offers networking solutions to Chinese cable system operators. This includes digital and optical network equipment such as Internet television set-top boxes, GPS devices, and security monitoring equipment. Friday July 9th 2010 ZSTN closed at $5.27. The previous day is closed at $4.80. This increase of .47 represents an increase of 9.8% in the stock value. The 200-day moving average is $6.67, $1.40 cents away from the current trading price.
Xenonics Holdings Inc. (AMEX: XNN) produces lighting systems and night-vision products. XNN designs, manufacturers, and commercializes its own products. Friday July 9th 2010 XNN’s stock price rose .04 (+10.5%). The trading value had closed the previous day at .38 and closed at .42. XNN value approaches its 200-day moving average of .66.
