5 Stocks That Just Turned Bullish

By Larry Gellar We’ve identified 5 stocks that have their 20-day simple moving average crossed above their 50-day simple moving average. That means a bullish trend could be under way, making now a good time to buy. While US Airways and Comcast seek to take advantage of weak competition, Wells Fargo is finally getting recognition as one of the best financial institutions in the world. Meanwhile, Xerox and Bristol-Myers Squibbs are two old favorites that investors should certainly consider. Let’s see what’s been happening with these 5 stocks: Wells Fargo & Company (WFC) has been up and down in recent months, but many investors now see Wells Fargo as the king of Wall Street. Wells Fargo has overtaken JPMorgan Chase (JPM) in terms of market capitalization, and it now has the largest market cap out of banks and other financial institutions. Additionally, a poll from TheStreet.com shows that investors are putting their faith in Wells Fargo over JPMorgan. In fact, Wells Fargo CFO Tim Sloan recently said, “I think one of the reasons we’re trading at a premium–and I don’t want to bad mouth JPMorgan because I think it’s a very well- run firm and a very effective competitor–but I…