September 3rd, 2010
admin
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Hi trader here is our “interesting” stock for today. Visa Inc (V) touched its support several times, faced the same lows and lower highs. The stock trapped in a shrinking space and finally broke above its resistance. We could see that the MACD’s fast line crossed the slow line and the histogram went up too. Beside that, the stochastic oscillator also showed some bullish divergences. Can Visa move freely and go higher now? I hope the stock would go to $80 or higher.
I also saw that SuccessFactors Inc (SFSF) made a rectangle pattern. The stock rebounded from its support and then went higher. I think the stock would reach its resistance (at around $23) few trading days later. This is a short term profit-hunting and please don’t do this if you not sure about it, and you should set your stop loss to keep your risk. But if you don’t want to use the stock to reap a short term profit, you can also hold this stock, because the 13 days moving average is ready to cross above the 50 days moving average. So if you want to buy the stock to hold, you can start to buy it when the 13 days moving average cross above the 50 days moving average.
And do you remember UAL Corp (UAUA)? I recommended the stock several days ago. The stock is going up now, let’s hope that it can reach $25 (its resistance). Goodluck!
September 2nd, 2010
admin
Hi trader here is our hot stock for today. G-III Apparel Group Ltd (GIII) breaks above its triangle’s resistance and goes higher with huge volume. The 13 days moving average is ready to cross above the 50 days moving average. And the MACD’s fast line crosses above its slow line and the histogram goes up too. Those indicators say that this stock would go higher until several days or even several weeks ahead.
I think the stock price would increase until several days ahead because the company’s EPS and revenue beat analysts estimates today. Usually, with this good news, I think the buyers would buy the stock and would push the price to go higher. We can see the proof on today’s volume. We can join them and enjoy the bull’s trip.
The another good stock which break above their resistance and make new 52 weeks high are Medici Pharmaceutical Corp (MRX) and Ivanhoe Mines Ltd (IVN). Their MACD’s fast lines cross above the slow lines and the histograms go up. Since both stocks make their new high, I think they quite interesting.
Just look at these three stock charts and you can find that they look interesting. Goodluck!
September 1st, 2010
admin
Hi trader, the overall markets still show some bearish situation, and they still could continue their head & shoulder pattern. Dow Jones Industrial Average, S & P 500 and Nasdaq Composite move sideway and there isn’t any bullish sign yet today. So I think the bear still controls the major markets and I couldn’t find any good stock today.
Several days ago, I told you that UAL Corporation (UAUA) would go higher. I think the stock still looks good today and I still quite sure that it would reach its resistance at around $25. I also see that PPL Corporation (PPL) made multiple bottom and then formed a bullish price channel pattern. I think the stock would reach its resistance at around $29 if the overall markets move higher too.
So trader, I think we should be aware of the major markets’ movement, because it formed head & shoulder pattern and I worry that in the next few days or even few weeks, the major markets would go down. We can reduce our trading activity or keep our loss small. Goodluck!
August 31st, 2010
admin
Hi trader here is our second hot stock for today. Fossil Inc (FOSL) breaks its resistance with higher-than-average volume. It’s the only one company which makes its new 52 weeks high today, when the major markets go down. The news says that Fossil board approves $750M stock buyback plan, this is a good news for investor. I think the stock would go higher from now. Goodluck!
August 30th, 2010
admin
Hi trader here is our hot stock for today. UAL Corporation (UAUA) rebounds from its price channel’s support and goes up. We could see that the stochastic shows a bullish divergence, the MACD’s fast line is also ready to cross above the slow line, and the last, the MACD histogram also goes up. These indicators make me feel that the stock would go to its resistance (around $25.75) or higher. How about you?
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