Stocks to watch on Wednesday Dez 30

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ALU starts showing ‘buy' signals again. The chart of Alcatel is now much improved after Tuesday’s action. The RSI has reversed again the course and stock finally closed above its 13-day moving average, usually this is a Bullish signal. In addition stochastics are showing high oversold conditions, which may bring some buyers back. Key resistance is now $3.35. If it passes that, then we have room to run to next resistance at $3.52.

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SprintNextel was a winner on Tuesday. The stock rose $0.15, or 4.4 percent, to $3.81. S has had a bearish move recently. The downward price movement is not accompanied by volume, which suggests that people are still holding the stock. Based on KD indicator we might see an upward move for this stock again. The short-term targets are 3.83, 4 and then 4.4. Short-term support is at 3.65.

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PLUG closed at 0.79 on Tuesday, up 0.08 cents points for the day. The technical indicators are looking better now for the stock. PLUG has broken the major resistance line of this downtrend and is now very bullish with the breakout having a large spread and volume. This means there is more upside. Indicators are now showing signs of recovery. The stock could move to the immediate target zone at $0.9-0.91.

Other Stocks to Watch :

Stocks that have a Bullish Engulfing pattern at the end of their daily chart

PG - PROCTER & GAMBLE CO
HD - HOME DEPOT INC
CX - CEMEX S.A.
RRI - Rri Energy Inc
MDT - MEDTRONIC INC
MMR - MCMORAN EXPLORATION CO
TRV - The Travelers Co
DRV - Direxion Daily Real
AEP - AMERICAN ELEC PWR C
DISH - Dish Network A
MMC - Marsh and Mclennan
PVX - PROVIDENT ENERGY TR
FTO - FRONTIER OIL CORP
XTXI - CROSSTEX ENERGY INC
TTI - T E T R A TECHNOLOGIES
GRMN - Garmin Ltd
BKC - BURGER KING HOLDING
NI - NISOURCE INC
CATY - Cathay Gen Bancorp Inc
ARMH - ARM Holdings, plc
WTR - PHILADELPHIA SUBURB
SVNT - SAVIENT PHARMS
JAH - JARDEN CORP
MITI - MICROMET INC
DECK - Deckers Outdoor Corporation
MDU - M D U RESOURCES GRO
OVTI - OmniVision Technolo
GXP - Great Plains Energy
VOLC - VOLCANO CORPORATION
GAME - SHANDA GAMES LTD
BARE - BARE ESCENTUALS
PVH - PHILLIPS VAN HEUSEN
SONE - S1 Corporation
PNY - PIEDMONT NAT GAS CO
VMC - VULCAN MATERIALS CO
PRE - PARTNER RE LTD
TSU - Tim Participacs
AB - ALLIANCE CAPITAL MGMT
DLX - DELUXE CORP
DVA - DaVita Inc
COO - COOPER COS INC NEW
BECN - BEACON ROOFING SUPP
OCN - OCWEN FINANCIAL CORP
DPZ - DOMINO'S PIZZA INC
SFG - STANCORP FINANCIAL
BKE - Buckle 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 later !!!

AC

Labels: ALU, PLUG, S