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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 Outlook - May 15th,2014 0 comments
    May 14, 2014 11:29 PM

    www.marketlive365.com

    Market Overview:-

    US equity market seems to have hit on back gear on Wednesday, as it could not sustain at higher levels and even showed a fall. The fall was a result of under performance of the small-cap and Internet stocks. Inspite of better Producer Price Index data market was unable to sustain at higher levels as Internet stocks are not performing for quiet some time. However, market seems to be in overall positive sentiment which if combined with Unemployment Claims data on Thursday could boost up the bullish rally in the market.

    BULLS OF THE STREET (NYSE)

    Name

    Close Price ( $ )

    Change %

    Coupons.com

    20.00

    13.77

    Intrexon

    17.49

    12.84

    Rubicon Project

    12.68

    11.52

    Everyday Health

    15.35

    10.27

    Cheetah Mobile

    13.71

    09.59

    BEARS OF THE STREET (NYSE)

    Name

    Close Price ( $ )

    Change %

    JGWPT Holdings CI A

    10.51

    21.04

    Daqo New Energy ADS

    29.09

    12.93

    Doral Financial

    03.29

    10.35

    Vaalco Energy

    07.06

    09.14

    TRC Cos.

    05.34

    08.87

    DANAHER CORP DEL

    RecommendationBuy above $76.70

    Target $79.50

    STOCK SUMMARY:-

    Danaher Corp Del is overall in consolidate trend and is sustaining at higher levels on charts.

    Traders can buy the stock above the level of $76.70 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 $79.50.

    CHART FORMATION

    Stock is in bullish trend for near term and price is sustaining at higher levels on daily intraday

    chart. Near term breach of resistance level of $76.70 is expected, which would result into further

    bullish sentiment in the stock to test the levels of $79.50.

    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.

    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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