PowerShares QQQ To Test The 200 Day Moving Average?
July 7th, 2009
The CNBC Fast Money Traders debated the technology sector yesterday and touched on the PowerShares QQQ (QQQQ). Katie Townshend Stockton a guest from MKM Partners notes that the Q’s were trading below the 50 day moving average which she states could trigger a test the 200 day moving average which is about 9% below current levels. She expects a correction period to happen this month. See the video below.
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