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  • Market Outlook - May 30th,2014

    Market Overview:-

    US equity market rose despite weak report on economic growth on Thursday, as investors seem to be bullish in the economy. The S&P 500, Nasdaq and Dow Jones Industrial Average closed comfortably higher for the day. All the three major indexes were positive for the month as unemployment benefits fell more than expected last week. With no major data due on Friday market might trade in a range closing in the month of May near positive 3 percent.

    BULLS OF THE STREET (NYSE)

    Name

    Close Price ( $ )

    Change %

    Dover Motorsports

    02.76

    21.05

    Hillshire brands

    52.76

    17.73

    Jinko Solar Holding ADS

    29.21

    11.45

    NeoPhotonics

    04.74

    09.47

    Cheetah Mobile ADS

    16.63

    08.34

    BEARS OF THE STREET (NYSE)

    Name

    Close Price ( $ )

    Change %

    Tilly's

    08.77

    17.11

    NQ Mobile ADS

    06.79

    07.62

    Federal Agriculture Mortgage CI A

    23.28

    07.10

    Booz Allen Hamilton Holding

    22.12

    06.39

    Jumei International Holding ADS

    27.50

    05.30

    ABBOTT LABS

    RecommendationSell Below $39.55

    Target $38.50

    STOCK SUMMARY:-

    Abott Labs is overall in consolidate trend and is sustaining at higher levels on chart. Traders can

    sell the stock below the level of $39.55 which is a near term support level for the stock, and if it

    manages to breach this level further bearish movement is expected in this stock to test the levels

    of $38.50.

    CHART FORMATION

    Stock is in consolidate trend for near term and price is taking support from trend line with a

    formation of bearish pattern on daily intraday chart. Near term breach of support level of $39.55

    is expected, which would result into bearish sentiment in the stock to test the levels of $38.50.

    INDICATORS:-

    RSI is trading with negative bias and in MACD signal line is sustaining below MACD line which

    is indicating the bearish sentiment in the stock.

    Tags: ABT
    May 29 7:25 PM | Link | Comment!
  • Market Outlook- May 29th,2014

    Market Overview:-

    US equity market seemed to push up the previous high but was not able to sustain at the same levels. The US market was range bound for the day as investors looked lazy on Wednesday, with no economic news in the market. Employment data is due on Thursday amalgamated with Home Sales is expected to come positive for the economy, thus boosting up the stocks at higher levels.

    BULLS OF THE STREET (NYSE)

    Name

    Close Price ( $ )

    Change %

    Jumei International Holding ADS

    29.04

    25.77

    Lentuo International

    02.63

    19.00

    Brown Shoe

    29.30

    10.82

    Twitter

    33.77

    10.69

    Rex American Resources

    68.94

    10.36

    BEARS OF THE STREET (NYSE)

    Name

    Close Price ( $ )

    Change %

    DSW CI A

    23.62

    27.37

    3D Systems

    50.44

    10.95

    WSP Holdings ADS

    01.80

    10.45

    Walter Energy

    05.03

    08.71

    Shutterstock

    68.28

    07.49

    ALLEGHENY TECHNOLOGIES INC

    RecommendationSell Below $40.41

    Target $39.50

    STOCK SUMMARY:-

    Allegheny Technologies Inc is overall in bullish trend and is sustaining at higher levels on chart.

    Traders can sell the stock below the level of $40.41 which is a near term support level for the

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

    test the levels of $39.50.

    CHART FORMATION

    Stock is in consolidate trend for near term and price is taking support from trend line with a

    formation of Head and Shoulder pattern on daily intraday chart. Near term breach of support level

    of $40.41 is expected, which would result into bearish sentiment in the stock to test the levels of

    $39.50.

    INDICATORS:-

    RSI is trading with negative bias and in MACD signal line is sustaining below MACD line which

    is indicating the bearish sentiment in the stock.

    Tags: ATI
    May 28 7:25 PM | Link | Comment!
  • Market Outlook May 28th,2014

    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.

    Tags: F
    May 27 7:26 PM | Link | Comment!
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