Seeking Alpha

StockJupiter.Com's  Instablog

Send Message
I have more than 10 Yr experience in Stock Market Research. My expertise include both fundamental analysis and technical analysis of stock market. My company,'s mission is to simplify your search for good investment grade stocks. With hundreds of brokers and analysts churning... More
My company:
My blog:
Stock Investment Advise by
  • M&A activity lifts the market - A Technical Analysis by 0 comments
    Mar 2, 2010 5:14 AM | about stocks: OSIP, ANR, ASIA, BMO, BTE, CBT, CTSH, ASNA, HALO, HPY, IART, MIL

    This week started with some good news on M&A, which lifted the US stock market. Stocks started March with a strong, broad-based push to fresh one-month highs in the face of a stronger dollar.

    Though gains in the S&P 500 were strong, the  market index struggled to move above the 1115 line, which separates year-to-date positive from year-to-date negative. It later settled back above its 50-day moving average.

    There was a fair amount of news related to mergers and acquisitions this morning. German drug and chemical company Merck KGaA will acquire Millipore (MIL 104.90, +10.49) for $7.2 billion. Other biotech and life science stocks traded higher in sympathy to help the health care sector climb to a 1.0% gain. (briefing news)

    A few stocks coming up in our top 100 technical scan list are:

    Please visit us here to view the entire list.

    Scan Highlights - 2 Bullish Oscillators and 4 Bullish Price-volume Indicators

    Japanese drugmaker Astellas Pharma said Monday it will take a $3.5 billion takeover offer for OSI Pharmaceuticals directly to shareholders after being rebuffed several times by executives of the U.S. biotechnology company. Astellas said it will start today an offer to pay $52 per share in cash for all outstanding common shares of the OSI Pharmaceuticals stock — a premium of more than 40 percent over Friday's close.

    Scan Highlights - 2 Bullish Oscillators, 1 Bullish P&F, 1 Bullish Parabolic indicator.

    The Coal Stocks Index is one of the top performing industry, up by 4% so far this year. It will be interesting to see whether the sector can continue to advance ahead of the S&P in 2010.

    ASIA - Goldman Sachs upgraded AsiaInfo Holdings, Inc. (NASDAQ:ASIA) to Buy from Neutral, and raised price target from $29 to $31.
    Scan Highlights - 3 Bullish Oscillators, 2 Bullish Price-Volume indicators.


    Themes: Technical Analysis Stocks: OSIP, ANR, ASIA, BMO, BTE, CBT, CTSH, ASNA, HALO, HPY, IART, MIL
Back To StockJupiter.Com's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • EA - Great technical formation
    Mar 28, 2010
  • MON: Good technical formation.
    Mar 20, 2010
  • ATVI - Positive MACD Divergence. 23 of 27 "Strong Buy" recommendation by Analysts.
    Mar 13, 2010
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.