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Remarkable Stocks in a Sluggish Market 23-Feb-2011

|Includes: Apple Inc. (AAPL), BTU

Hello trader the stock markets fall again today and the oil price jumps to its 2 year highs because of increasingly heated situation in Libya. But several people believe that there should be some great stocks which constantly go up in price although the general markets move down. Now I found two of them and here they are:

Peabody Energy Corp Chart

Peabody Energy Corp (NYSE:BTU) is a good stock which grows steadily since one year ago. Today, the stock price rebounds from its bullish price channel's support and goes up. The 20 days simple moving average also crosses above the 50 days simple moving average, as well as parabolic SAR which keeps appearing below the candlesticks. I think the stock has a potential go reach its resistance at around $72.

The second stock is Apple Inc (NASDAQ:AAPL) which also rebounds from its bullish price channel's resistance and goes up. I think the slow stochastic and MACD are not fast enough to indicate us that the stock would jump back to its resistance and I see that the pattern is solid. So I think the stock price could give you around 8.8 percent of profits when it touch the resistance.


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