Stock Picks for Wednesday - THQ Inc., American International Group and Royal Bank of Scotland Group plc

Tuesday, October 20, 2009

Stock Picks for Wednesday - THQ Inc., American International Group and Royal Bank of Scotland Group plc

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AIG - The bounce this afternoon from its 50-dma looks like an entry point. I would use a tight stop under today's low. I'd target the $44.98-45.90 zone.

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THQI is bouncing from a test of technical support at $5.64. This afternoon's bounce is an entry point to get long the stock with a tight stop loss. I have two targets. My first target is $6.03 ( 10-day moving average ) and the second target is $6.07. The technical daily chart shows the stock is now back to new rally as K line is back above D line. With ROC still at low there's rooms for the stock to go up.

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RBS - Bullish divergences on MACD paint a bullish picture for the stock. The stock is a Technical Buy at current price. With ROC now showing the stock is oversold and KD at low we could see buyers back again. Key Levels for stock: Bullish above 15.52 / Bearish below 15.16.

Other Stocks to Watch :

Today's candlestick pattern was a Bullish Engulfing

WFC - WELLS FARGO & CO
KEY - KEYCORP
VLO - VALERO ENERGY CORP
SVU - SUPERVALU INC
ABC - AMERISOURCEBERGEN CORP
HOC - Holly Cp
GMT - G A T X CORP
SAFM - Sanderson Farms, Inc.
ELGX - Endologix Inc
IMN - IMATION CORP

Today's candlestick pattern was a Bearish Engulfing

INTC - Intel Corporation
CSCO - Cisco Systems, Inc.
NOK - NOKIA CORP
AUY - YAMANA GOLD INC
BRCD - Brocade Communications
HAL - HALLIBURTON CO HLDG CO
JNJ - JOHNSON & JOHNSON
HST - HOST MARRIOTT CORP
ABX - BARRICK GOLD CORP
RIMM - Research in Motion
CX - CEMEX S.A.
SYMC - Symantec Corporation
HGSI - Human Genome Sciencs
HL - HECLA MINING CO
DFS - Discover Financial
MCD - MCDONALDS CORP
ODP - OFFICE DEPOT INC
KGC - KINROSS GOLD CORP
LSI - LSI Corp
MAT - Mattel Co
EGO - Eldorado Gold Corp
PCX - Patriot Coal Corp
MEE - Massey Energy Co
KIM - KIMCO REALTY CORP MD
MET - METLIFE INC
ELN - ELAN CORP P L C
UIS - UNISYS CORP
IAG - IAMGOLD CP
NE - NOBLE DRILLING CORP
EXC - EXELON CORPORATION
ALL - ALLSTATE CORP
ADI - ANALOG DEVICES INC
FL - Foot Locker Inc

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: AIG, RBS, THQI