Buy Cheap, Sell Dear

Between last Thursday's close and this Wednesday's low, the group was down an average of 28.66%.  Yikes, that's a pretty good dip.  Steep declines like that suggest investors are stampeding toward the exits.  I'm looking for the stocks to find support. 

The first support line is the 50-day moving average.  Almost this entire group of stocks bounced at or near this support line.  The chart below shows this for Tri-Valley, which performed perfectly.  It is not always this precise, but if you look at charts for the others you'll see similarities.  If this group can hold their 50-day moving average lines, that support level is a good entry point.  If they break lower, look down to the 200-day moving average.  That's quite a drop...

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