Friday, May 27, 2011

Dow Jones Heading Towards 30-days SMA And Mid Bollinger Band

Wall Street Recap: Dow ends flat amid lackluster data
The Dow Jones ended 8 points higher in a choppy session, with technology and consumer discretionary stocks (e.g. Tiffany & Co and NetApp Inc) leading the way after upbeat earnings.

However, sentiment remains cautious in the wake of rising weekly jobless claims and weak 1Q11 GDP of 1.8%.

Signs of a sluggish economic recovery sent 10-year Treasury yield to one year low at 3.06%.

Dow Jones Heading Towards 30-days SMA And Mid Bollinger Band
DowJones27-05-2011



Source: StockCharts.com

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