Market Overview:-
US equity market was at its all-time highs on Tuesday as investors welcomed positive economic reports of US and a wave of buying in Europe after a long weekend. Traders after a long weekend showed up a positive sentiment in the market but with a less volume. Wall Street was led majorly by gains in tech, utilities and financial stocks. Data showed orders for US Manufacturing goods rose unexpectedly in April with a rise in home prices in March, beating expectation. With no major data on Wednesday market is expected to keep its pace lower with range bound movement.
BULLS OF THE STREET (NYSE)
Name | Close Price ( $ ) | Change % |
Hillshire Brands | 45.19 | 22.07 |
Aeropostale | 03.92 | 14.96 |
North Atlantic Drilling | 09.65 | 13.53 |
Concord Medical Services Holdings ADS | 07.36 | 10.51 |
Barnes & Noble | 18.41 | 09.32 |
BEARS OF THE STREET (NYSE)
Name | Close Price ( $ ) | Change % |
Frontline | 02.39 | 16.43 |
WSP Holdings ADS | 02.01 | 08.22 |
Gold Fields ADS | 03.64 | 06.91 |
Oiltanking Partners | 87.62 | 06.79 |
AngloGold Ashanti ADS | 15.79 | 06.40 |
FORD MTR CO DEL
RecommendationBuy Above $16.20
Target $17.20
STOCK SUMMARY:-
Ford Motor Co is overall in consolidate trend and is sustaining at higher levels on chart. Traders
can buy the stock above the level of $16.20 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 $17.20.
CHART FORMATION
Stock is in bullish trend for near term and price is taking support from trend line with a formation
of inverse Head and Shoulder pattern on daily intraday chart. Near term breach of resistance level
of $16.20 is expected, which would result into bullish sentiment in the stock to test the levels of
$17.20.
INDICATORS:-
RSI is trading with positive bias and in MACD signal line is sustaining above MACD line which
is indicating the bullish sentiment in the stock.