--Financial Tools ---Futures Market---ADD HERE LINK-- OPTION ALERTS --BENZINGA--

« Home | Stock Market Ideas for Thursday - JDS Uniphase Cor... » | Stock Market Ideas for Wednesday - Knight Capital ... » | Stock Market Ideas for Tuesday - Yahoo and Qwest » | Stock Market Ideas for next week - JDS Uniphase an... » | Hot stocks for Friday - American International Gro... » | Stock Market Ideas for Thursday - Tessera Technolo... » | Stock Market Ideas for Wednesday - Teck Resources ... » | Stock Market Ideas for Tuesday - Rambus , China-Bi... » | Hot stocks for next week - Rambus , Palm and CBS C... » | HOT Breakout Stocks to watch : Dell and Ciena » 

Thursday, August 27, 2009 

Stock Market Ideas for Friday - Citigroup and Aaple

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

AAPL made a small move on Thursday, but still looks like it wants to go. This stock is trading near 52-week highs and this could be the catalyst to break through. I'm setting resistance at $170.94, which was the high of Tuesday. If the stock breaks through, the next resistance is the 52-week high of $176.25. The fact that AAPL is holding up as volume dramatically decreases, is another sign of a future upside move. Keep watching AAPL for the next few trading sessions.

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

Citigroup looks strong enough to move forward. As expected, the stock broke up through the resistance at $5 on huge volume of over 1.202 Million shares. At this stage, further rally is still possible in next several days. The breakout signals a continuation of the prior advance. Even though I find the breakout bullish, I also find Citigroup a bit overextended. As long as $5 holds, this breakout is in great shape. The stock has the potential for a strong follow through, so watch it closely on Friday.

Other Stocks to Watch :

Capstone Turbine Corporation - CPST ( Bearish Two Crows Pattern )
Sirius XM Radio Inc. - SIRI ( White Spinning Top )
Alcatel-Lucent - ALU ( Bullish Hammer Pattern )
DryShips Inc. - DRYS ( Bullish Engulfing )
Microsoft Corporation - MSFT ( Bullish Engulfing )
Pfizer Inc. - PFE ( Bullish Engulfing )
JPMorgan Chase & Co. - JPM ( Bullish Engulfing )
Alcoa Inc. - AA ( Bullish Engulfing )
Verizon Communications Inc. - VZ ( Bearish Engulfing )
Vantage Drilling Company - VTG ( Bearish Engulfing )
CVS Caremark Corporation - CVS ( Bearish Engulfing )
The Southern Company - SO ( Bearish Engulfing )

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

Labels: ,

Bookmark and Share

Contact

About Me

    Photobucket
  • 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.

  • Benzinga.com supporter

    Iceman Trading Academy Moderator

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    RECOMMENDED



    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google