Stocks Watchlist For Friday, March 02
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Ford Motor Company (NYSE:F) - The technical chart shows very bullish sign as the stock is back on top of 20 day moving average. The bias is now bullish in nearest term but remains neutral in medium term. All indicators are bullish and point to more upside. For now, expect a run up to next resistance area around $13. If the stock is able to cross it and sustain above it, then it might go to $14.
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Goldman Sachs Group, Inc.(NYSE:GS) broke out and continued higher. The stock looks good to move higher from here. Target is at $137.
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Advance Auto Parts, Inc.(NYSE:AAP) is still consolidating here. Long entry is over 87.49
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Camelot Information Systems Inc (ADR) (NYSE:CIS) was very strong on today, closing HOD on decent volume. This is a good move for CIS and could be the start of a breakout move. Resistance is $2.48 ( 50 SMA ) I'll be watching the stock closely for the breakout move. Once the stocks breaks through, we should see a heavy increase in buying.
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Bank of America Corp (NYSE:BAC) looks to have consolidated and may be getting ready for another leg higher. Long entry would be at $8.34, with a market that is moving well.
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Uranium Energy Corp.(NYSEAMEX:UEC) made a good upside reversal today. The technical chart above suggests that stock might find now resistance at $4. The technical chart shows very bullish signal as 50-day moving average has just crossed on top over 200-day moving average forming the Golden Cross. Let's keep an eye on UEC as i think momentum will pick up again.
Labels: AAPL, BAC, CIS, F, GS, UEC
