Stocks to watch Wednesday - VIP, VCLK, AMAT, GS, AA
Chart courtesy of stockchartsAlcoa looks like it is getting ready to move. The stock broke through its resistance on today session but failed to close above, however this was the first signal that I was looking for since a while. Looking at the daily chart, Alcoa looks very good here, especially if market attempts a rally again. Although the moving average still shows weakness as 50 day moving average is below 200 day moving average, positive momentum seems to be back with MACD above the sell signal. So, keep an eye on Alcoa shares for a possible breakout over $39.67.
Chart courtesy of stockchartsGS broke decisively above its 20 day ma today and should test the 50 day ma (currently at $181). The stock is now on the uptrend and with K line now on top of D line the stock has the chance to go higher.
Chart courtesy of stockchartsLooking at the daily chart of AMAT, you will see that stock is obviously in an upward channel pattern. Now that the stock is on an uptrend and MACD is above signal line, any pull back would mean great buying opportunity.
Chart courtesy of stockchartsVCLK - It is still in downtrend and making new lows. Still cannot see the bottom. The stock is still in very weak market as 50 day moving average is still declining and MACD is still below 0.
VIP - Share price is currently moving in a downward channel as shown in the chart. A break above $32.50 on a close basis could set a temporary rally to $34.50. Presently, indicators are not showing any signs of a possible rally, however today movement could be a good tone to test the top of the channel. Keep VIP in your watchlist.
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. Have a great evening !!!
AC
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. Have a great evening !!!
AC
Labels: AA, AMAT, GS, VCLK, VIP
