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Wednesday, April 08, 2009 

Hot stocks for tomorrow - Alcoa and Fidelity National Information Services

Chart courtesy of www.stockcharts.com ( click to enlarge )

AA - The stock is facing a key resistance at $8.40. I recommend a buy only when the stock breaches this resistance. All the trends in stock indicators are neutral or positive. The immediate target is $8. The stock should be bought only on a close above 8.49, as it faces strong resistance at that level. On the contrary, a close below 7.45 will have bearish implications and would push the stock to the 7-6.90 range. Hold with a stop-loss at 7.45.

Chart courtesy of www.stockcharts.com ( click to enlarge )

FIS broke out to a 6-month high on heavy volume of over 7 Million shares. From the technical daily chart both MACD and KD are showing bullish sign as MACD is rising near 0 while KD is crossing up. The stock might test $20 level in the short term if it is able to sustain above $18.81. Keep an eye on FIS, it's now in a Breakout mode.

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 Folks. See you tomorrow !!!


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great data...i just finished looking at those charts...

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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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