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MarketLive365 is a Consulting division of CapitalVia. We are an eminent player in the research space, focusing on fundamental and technical analysis to convert raw data and information into expert judgments. With real time data and research, we deliver real time analysis and recommendations to... More
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  • Market Overview - May 13th,2014 0 comments
    May 13, 2014 2:56 PM | about stocks: FB

    marketlive365.com

    Market Overview:-

    US equity market made record high on Monday. Dow Jones Industrial Average ended 16695.47 adding up 0.68% and S&P 500 Index ended up at 1896.5 gaining 0.97%. To the surprise out of the falling Technology stocks Nasdaq ended up at 4143.86 adding up 1.77% to the index. Investors are now eying on retail sales data due on Tuesday to continue with the bullish sentiment.

    Stock in Focus: FACEBOOK INC

    RecommendationBuy above $60.00

    Target $62.50

    STOCK SUMMARY:-

    Facebook Inc is overall in bullish trend and is sustaining at higher levels on charts for near term.

    Traders can buy the stock above the level of $60.00 which is a near term resistance level for the

    stock, and if it manages to breach this level further bullish movement is expected in this stock to

    test the levels of $62.50.

    CHART FORMATION

    Stock is in overall bullish trend and price is taking support from trend line on daily intraday chart

    which is supporting bullish rally. Near term breach of resistance level of $60.00 is expected,

    which would result into further bullish sentiment in the stock to test the levels of $62.50.

    INDICATORS:-

    RSI is trading with positive bias and in MACD signal line is sustaining above MACD line which

    is supporting the bullish sentiment in the stock.

    BULLS OF THE STREET (NYSE)

    Name

    Close Price ( $ )

    Change %

    Doral Financial

    03.76

    24.50

    Castlight Health CI B

    13.56

    17.50

    Autohome ADS

    34.35

    16.92

    Pinnacle Foods

    34.47

    13.20

    Bitauto Holdings ADS

    38.99

    12.88

    BEARS OF THE STREET (NYSE)

    Name

    Close Price ( $ )

    Change %

    Core Laboratories

    167.02

    11.68

    Bridgepoint Education

    14.51

    08.86

    Federal Agriculture Mortgage CI C

    32.66

    07.82

    Standard Register

    05.79

    05.39

    Emergent Biosolutions

    21.52

    05.32

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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