The stocks below represent current leaders that may be presenting opportunities near the two major moving averages. The first list presents stocks at or near their 200-d moving averages (they are also trading below their 50-d moving averages).

The second list contains some of the largest gainers of 2007, the leaders just about every stock blog has been covering over the past 6-12 months. These stocks are trading at or near their 50-d moving averages with further room to correct as their 200-d moving averages are considerably lower than their current trading range.

The bull may have another leg and if it does, these stocks should present some of the best risk-to-reward ratios moving forward. Don’t question the setups! Take the trades, accumulate shares and only sell if the setup fails and reaches your maximum risk.

Stocks Approaching the 200-d Moving Average:

• SNCR – 30.04, down for the fifth consecutive week as the IPO leader from 2007 approaches the 200-d moving average for the first time. Support in this area is a buying opportunity (accumulation). Give it some time to base and catch support
• SLB – 91.04, look for the stock to correct down to the 200-d moving average and build a base for the first time since the up-trend started in early 2007 at $60 (it successfully completed the $60-$100 run).
• GRMN – 82.32, the former high flyer is down $40 as it approaches the 200-d m.a. for the first time since early 2007. A base here is a great accumulation opportunity.
• STLD – 46.80, allow the stock to correct and gather support just below the 200-d m.a. and then add shares (this strategy has offered solid risk/reward over the past couple of years).
• CELG – 62.28, the stock is currently setting up its fourth 200-d moving average base over the past two years. Set the risk/reward and pounce.
• PCU – 103.00, look for support to build above the 200-d m.a. which is also near the psychologically important triple digit threshold. What an amazing run!
• NVDA – 30.03, allow the stock to correct further towards the 200-d m.a. and wait for support to form before setting up and ideal accumulation point.

Stocks Hugging the 50-d Moving Average:

• AAPL – 153.76, the stock sliced the 50-d moving average yesterday on above average volume and has along way to go before reaching the 200-d m.a. (below $125)
• GOOG – 632.07, the stock has shed more than $100 over the past few days as it looks to find the first level of support at the 50-d m.a. The 200-d m.a. currently sits near $520. I wouldn’t be surprised if it corrected down towards the 200-d m.a.
• BIDU – 301.50, this stock has been hit very hard over the past five days as it has lost more than $125 from its peak high. Baidu is currently sitting at the 50-d m.a. with its 200-d m.a. just above $183.
• RIMM – 102.60, Three days of hard drops as the stock now sits at the 50-d m.a. for the first time since August (and June before that). The 200-d m.a. is currently below $70.
• EDU – 68.40, the Chinese leader is touching its 50-d m.a. for the first time since late summer with its 200-d m.a. down near $52.
• JASO – 48.67, the stock made a large reversal up near $72 which sent it into the current correction back down near the 50-d m.a. Volume has increased immensely.
• BX – 22.26, the stock took a hard 8.32% hit yesterday and continues to struggle near the 50-d m.a. It is still above the prior support of $21.30. I still like the stock long term but some concern has crept in.