5 stocks below their 50-day moving averages

Are they great stocks on sale or picks to be wary of?

By Benzinga Dec 30, 2013 3:41PM

LinkedIn Corp. headquarters in Mountain View, Calif. on April 25, 2013 (© David Paul Morris/Bloomberg via Getty Images)By Tim Parker


Looking for some ideas going into 2014?


Benzinga put together a few names that are priced below their 50-day moving averages.

That doesn't make them a buy, but it does mean that they're worth a look.


Are they great stocks on sale or is something going on that should make you look elsewhere? Remember to always practice due diligence and perform your own research.


Crown Castle International (CCI)

If you're looking for a textbook example of a technical breakdown, Crown Castle sure looks like one. Looking back to August, the stock began forming a wedge pattern and by the end of the November, it was forced to break out of the pattern. Unfortunately, it broke to the downside. It's sitting at its 200-day moving average. A breakout would give it room to regain some of its losses.


China Mobile (CHL)

This ADR has made a lot of news lately after announcing a deal with Apple (AAPL) to distribute the iPhone, but after reaching a high slightly above $57, it has sold off to about $57.75. It currently sits at its 50-day moving average. Will the iPhone deal attract more investor attention going forward?


First Solar (FSLR)

You might not think of First Solar as a technology stock. Solar had a good 2013 and if that continues into 2014, the fact that First Solar is priced at its 50 day moving average could make this stock a buy. It's down about $10 from its November high and $5 from a recent base.


LinkedIn Corporation (LNKD)

LinkedIn enjoyed the distinction of being one of the few social media stocks that was actually making investors money but then Facebook took off and Twitter IPOed. Money came out of LinkedIn and went towards those hot stocks. As a result, the stock has sold off from its September highs and is only recently off its lows.


Verizon Communications (VZ)

Verizon saw some major volatility in 2013 and after reaching a high in May the stock has traded in a $7 range. A recent decline from a November double top resulted in a large sell off. The stock has regained nearly 50 percent of its losses and is only about $1 away from challenging its 50-day.


Disclosure: At the time of this writing, Tim Parker had no position in the above-mentioned companies.


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