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

« Home | Earth Day 2009 is on Wednesday, April 22nd » | Top Solar stocks based on market capitalization » | Stocks to watch Tuesday - Research in Motion and P... » | Most expensive cities to buy a home » | Hot stocks to watch next week - Level 3 Communicat... » | Hot stocks for tomorrow - Google and Evergreen Solar » | Trade Ideas for Thursday - Oracle and Exxon Mobil » | Trade Ideas for Wednesday - Aaple , Ciena and Rambus » | Hot stocks to watch tomorrow - Bank of America Cor... » | Stocks to watch next week - Aaron Rents, Parker Dr... » 

Tuesday, April 21, 2009 

Stocks to watch Wednesday- Aaple and Target Corporation

Chart courtesy of www.stockcharts.com ( click to enlarge )

TGT -The stock has failed to break out of its trading range, between resistance at $40.85 and support at $38. MACD's fresh downward cross indicates that TGT's correction has just begun. An initial target might be its 20-day moving average at $36.66.

Chart courtesy of www.stockcharts.com ( click to enlarge )

AAPL fell sharply on Monday but found support at the uptrend line near $119 and closed at $120.50. On Tuesday the stock recovered some of its losses, closing up $1.26 to 121.76. Looking at the technical chart the stock continues to remain neutral to bullish, but RSI and MACD are both showing bearish divergences to the price, and MACD has made the first bearish crossover. These indicators could be signalling we may have seen the highs on the stock. Stay tuned on Apple.

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 !!!


Labels: ,

Bookmark and Share


About Me

  • I'm a 47 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