Tuesday, 26 August 2014

US Stock pick of the day : MEADWESTVACO CORP

Recommendation Buy above $43.25
Target $44.75

Meadwestvaco corp partners Inc is overall in bullish trend and is sustaining at higher levels on chart. 

Traders can buy the stock above the level of $43.25 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 $44.75.

Stock is in consolidate trend for near term and price is sustaining above the trend line and with good 

consolidation on daily intraday chart. Near term breach of resistance level of $43.25 is expected, which 

would trigger bullish sentiment in the stock to test the levels of $44.75.

RSI is trading with positive bias and in MACD signal line is sustaining above MACD line which is 

indicating bullish sentiment in the stock.