Stock to watch closely - CVS,LVS, GOOG
GOOG - After plummeting nearly 25 percent in just three months, Google's stock is stabilizing at the current price range $500. The stock has been on a small rally recently with K line on top over D line. The overall stock picture is still weak, with 50 day moving average now below 200 day moving average. At this moment, I am waiting for a high volume day to give the signal that a rebound is coming.
LVS - It looks like stock is close to attempting another breakout. If the trend channel is broken, expect a move to resistance at $105.
CVS - It broke the downward trend line and went up, pulled back to support where a second buy opportunity presented and it looks like its going to test the 40`s again. So, keep an eye on her for a possible breakout over the $40 mark.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
That's All !!!
AC
