GT closed higher today. The near-term outlook is bullish and a close above $14.09 would confirm this view. On the contrary, a close below $13.35 would have bearish implications and would push the stock to the 13-13.24 range. Hold with a stop-loss at 13.35. Technical indicators remain slightly bullish as MACD momentum drifts higher near recent highs in positive territory, MACD histograms drift higher the 0 level and RSI moves up. Let's keep an eye on it.
Other stocks to watch :
Stocks that have a Bullish Engulfing pattern at the end of their daily chartGG - GOLDCORP INC
RX - IMS HEALTH INC
GT - GOODYEAR TIRE
GME - GAMESTOP CP
SNPS - Synopsys, Inc.
ORLY - O'Reilly Automotive
ROVI - Macrovision Corporation
HNT - Health Net Inc
MYGN - Myriad Genetics, Inc.
SWM - SCHWEITZER MAUDUIT
FFIV - F5 Networks, Inc.
SVNT - SAVIENT PHARMS
HANS - Hansen Natural Corp
SMG - Scotts Miracle Grow
CFL - BRINK'S HOME SEC
RAH - RALCORP HOLDINGS INC
PETM - PETsMART, Inc
CCME - China MediaExpress
WAB - WABTEC
COO - COOPER COS INC NEW
ZBRA - Zebra Technologies
JCOM - JFAX.Com Inc.
EBR.B - Centrais Eletricas
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 !!!
AC