Hot stocks for Tuesday - General Electric Company and JPMorgan Chase & Co.
( click to enlarge )GE has made an awesome move on Monday breaking out of a major resistance line with volume backed confirmation. I went long at 15.04 as its quite possible we should see a short term move near $16/share. The technical chart shows bullish sign with K line on top of D line and MACD on top of signal line. The breakout from the resistance line is just a confirmation of the recent upward move.
( click to enlarge )JPM breakout !!! The triangle represents a consolidation or rest after an advance. The breakout signals a continuation of the prior advance. As long as $43 holds, this breakout is in great shape. A move below $43 would question the breakout and further weakness below $41.60 would be outright bearish.
Other Stocks to Watch :
HGSI - Human Genome Scienc. ( Bullish Engulfing )
SPPI - Spectrum Pharmaceut. ( Bullish Engulfing )
GILD - Gilead Sciences, Inc. ( Bullish Engulfing )
HMA - Health Management A ( Bullish Engulfing )
ERIC - LM Ericsson ( Bullish Engulfing )
CAT - Caterpillar Inc ( Bullish Engulfing )
KLAC - KLA-Tencor Corporation ( Bullish Engulfing )
LSI - LSI Corp ( Bullish Engulfing )
COST - Costco Wholesale Co. ( Bullish Engulfing )
QLGC - QLogic Corporation ( Bullish Engulfing )
LRCX - Lam Research Corportion ( Bullish Engulfing )
MT - Arcelormittal ( Bullish Engulfing )
TRV - The Travelers Co ( Bullish Engulfing )
KWK - Quicksilver Resources ( Bullish Engulfing )
HOLX - Hologic, Inc. ( Bullish Engulfing )
NOVL - Novell, Inc. ( Bullish Engulfing )
AMX - America Movil SA ( Bullish Engulfing )
That's all Folks. See you tomorrow...
Cheers!
AC
Other Stocks to Watch :
HGSI - Human Genome Scienc. ( Bullish Engulfing )
SPPI - Spectrum Pharmaceut. ( Bullish Engulfing )
GILD - Gilead Sciences, Inc. ( Bullish Engulfing )
HMA - Health Management A ( Bullish Engulfing )
ERIC - LM Ericsson ( Bullish Engulfing )
CAT - Caterpillar Inc ( Bullish Engulfing )
KLAC - KLA-Tencor Corporation ( Bullish Engulfing )
LSI - LSI Corp ( Bullish Engulfing )
COST - Costco Wholesale Co. ( Bullish Engulfing )
QLGC - QLogic Corporation ( Bullish Engulfing )
LRCX - Lam Research Corportion ( Bullish Engulfing )
MT - Arcelormittal ( Bullish Engulfing )
TRV - The Travelers Co ( Bullish Engulfing )
KWK - Quicksilver Resources ( Bullish Engulfing )
HOLX - Hologic, Inc. ( Bullish Engulfing )
NOVL - Novell, Inc. ( Bullish Engulfing )
AMX - America Movil SA ( Bullish 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
