-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Stocks on the move this afternoon » | Trade Ideas for Monday - APLX, CIEN, EMC, SBUX » | Trade Ideas - DRIV , TVL , BPHX » | Stocks on the move this afternoon » | Hottest stock of the market FIRST SOLAR » | BEAS uptrend intact, CPX ready to breakout ? » | WDC Pull back , CVTX Breakout » | Trade Ideas for Monday - INTC, GTW, MON, ADCT » | Stocks on the move this afternoon » | Top picks - ILMN , LZ , AMSC » 

Monday, June 25, 2007 

Trade Ideas - GM andf APOL

Chart courtesy of stockcharts

General motors shares were up more than 2% to 36.25$ today after an upgrade from Goldman Sachs. Analyst Robert Barry upgraded General motors to "Buy" from "Neutral" and raised his price target to $42 from $29. Technically speaking based on chart above GM shares have touched and broken just for a few minutes above the major resistance at 36.67, however during the session and following the markets lost some strength closing the day at 36.25$ with a strong volume. Stock is trading in Overbought conditions, so I think that needs to stop and take some fresh air to break the resistance with a strong confidence. So, I suppose that it will take a short break here to move up again. GM has nice Bullish chart.

Chart courtesy of stockcharts

Keep an eye on APOL shares for a possible breakout over 50$.

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. Have a nice evening !!!


Labels: ,

Bookmark and Share


About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

  • Benzinga.com supporter

    Benzinga.com supporter


      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal


      Interested in advertising on AC Investor Blog ? Click Here


    Site Information

    Stock Market Blogroll

    Friends BLOGROLL


Powered by Blogger
and Blogger Templates

Add to Google