PPR - Pocket Pivot Bounces off the 50-day moving averages: REGN & FBHS
We note pocket pivot moves by Regeneron Pharamaceuticals (REGN) and Fortune Brands Home & Security (FBHS) off of their respective 50-day moving averages. With the S&P 500 bouncing off of its 50-day moving average, the market is in a position to rally, and if the bounce turns into something more material then stocks showing pocket pivot type moves off of logical support areas, e.g, the 50-day moving average as in the case of REGN and FBHS represent the type of action you want to see among leading stocks.
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