Young, Exciting IPOs (Not Named Facebook)

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For a third example of a small, young, financial-sector stock that's showing good technical strength, look to FX Alliance (FX), a forex-trading platform for institutional users. The company operates under the moniker FXall. It went public at $12 in February, and was trading at around $16.60 toward the end of Tuesday's session, a gain of 38% since its debut. It, too, was showing some buying above its 10-week line.

These companies are outpacing the market in a downturn and they are good ones to continue watching in coming weeks. There are plenty of examples of stocks that get swept away in a new tsunami of selling, so moving-average support can be broken.

The upshot? Recent IPOs showing good moving average support are worth tracking, but new buys in this poor market environment could be at risk of breaking down.

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At the time of publication, Stalter had no positions in the stocks mentioned.

Kate Stalter is a freelance market writer for RealMoney. From 2001 until 2010, she was a writer at Investor's Business Daily and hosted the "Market Wrap" video at Investors.com. She wrote and edited IBD columns including "The Real Most Active," "Stocks In The News" and "Investor's Corner." Stalter co-hosted Webcasts with TD Ameritrade and regularly presented at IBD investing seminars nationwide. She received her MBA in finance and marketing from the Kellogg School of Management at Northwestern University.



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