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Thursday, August 20, 2009 

Hot stocks for Friday - American International Group and Citigroup

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

C - The stock made a very significant move on Thursday breaking out its major resistance line at $4.26 ( 200-day moving average ). This breakout suggests a possible move to $6. The technical chart shows very bullish sign as the stock is back on top of its major moving averages. In addition K line is back above D line and MACD is back above 0 which show beginning of bull market rally.

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

AIG was very strong on Thursday as the stock closed up $5.66 on heavy volume. The stock hit a high of $35, which is resistance for the next upside move. I'm buyer of AIG once it breaks through this high and i expect to see heavy buying drive the stock higher. The stock is starting to show signs of acumulation with high volume on upside days and low on downside days. The technical daily chart looks Bullish with both 20, 50 and 200 daily moving averages going up and MACD on top of 0, RSI in a Bullish area too. Keep AIG on your screen throughout the day on Friday.

Other Stocks to Watch :

Juniper Networks, Inc. - JNPR ( Bullish Engulfing )
Micron Technology, Inc. - MU ( Bullish Engulfing )
Capital One Financial Corp. - COF ( Bullish Engulfing )
Philip Morris International Inc. - PM ( Bullish Engulfing )
JA Solar Holdings Co. - JASO ( Bearish Engulfing )
ON Semiconductor Corp. - ONNN ( Bearish Engulfing )
SUPERVALU INC. - SVU ( Bearish Engulfing )
Raytheon Company - RTN ( Bearish Engulfing )
The Buckle, Inc. - BKE ( Bearish Engulfing )
Johnson & Johnson - JNJ ( Unusual Call Option Volume )
Lancaster Colony Corp. - LANC ( Unusual Call Option Volume )
The Hershey Company - HSY ( Unusual Call Option Volume )
Allos Therapeutics, Inc. - ALTH ( Unusual Call Option Volume )
Foot Locker, Inc. - FL ( Unusual Call Option Volume )
Sirius XM Radio Inc. - SIRI ( Unusual Call Option Volume )
Zumiez Inc. - ZUMZ ( Unusual Put Option Volume )
Auxilium Pharmaceuticals, Inc. - AUXL ( Unusual Put Option Volume )
Intuit Inc. - INTU ( Unusual Put Option Volume )
Myriad Genetics, Inc. - MYGN ( Unusual Put Option Volume )
Hibbett Sports, Inc. - HIBB ( Unusual Put Option Volume )
PetSmart, Inc. - PETM ( Unusual Put Option Volume )
Dr Pepper Snapple Group Inc. - DPS ( Record Price Break Out )
Cavium Networks, Inc. - CAVM ( Record Price Break Out )
Lancaster Colony Corp. - LANC ( Record Price Break Out )
Royal Caribbean Cruises Ltd. - RCN ( Recent Insider Buying )
Nacco Industries Inc. - NC ( Recent Insider Buying )
Stericycle Inc. - SRCL ( Recent Insider Buying )
Global Partners LP - GLP ( Recent Insider Buying )
Legacy Reserves Lp - LGCY ( Recent Insider Buying )
Linn Energy, LLC - LINE ( Recent Insider Selling )
Riverbed Technology, Inc. - RVBD ( Recent Insider Selling )
BioScrip Inc. - BIOS ( Recent Insider Selling )
United States Lime & Minerals Inc. - USLM ( Recent Insider Selling )
TeleTech Holdings Inc. - TTEC ( Recent Insider Selling )

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...
Cheers!

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 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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