Thursday, 30 October 2014

NYSE Overview, top gainers and losers and stock pick of the day


US stock market ended on a negative note on Wednesday, with the close of six-year effort to stimulate economy. The end of QE program by the Fed reflects the improvement in labor market and the diminished risk on inflation side. The Fed will also be keeping interest rate at current low rates for a considerable time. Employment data is due on Thursday which is expected to keep up the good positive pace in the economy.

BULLS OF THE STREET (NYSE)


Name
Close Price ( $ )
Change %
USANA Health Sciences
106.95
21.74
Corporate Executive Board
71.16
17.37
Adeptus Health
32.23
16.48
ACCO Brands
08.45
15.12
Doral Financial
05.94
15.12

BEARS OF THE STREET (NYSE)


Name
Close Price ( $ )
Change %
Inven Sense
16.08
25.14
Wabash National
10.16
21.18
Orbital Sciences
25.27
16.79
Aerohive Networks
04.85
15.80
Myers Industries
14.35
15.64
 
Stock pick of the day : AMEREN CORP


Recommendation     :           Buy above $41.92
Target                      :            $43.50

STOCK SUMMARY:-
Ameren Corp is overall in consolidate trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $41.92 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 $43.50.

CHART FORMATION

Stock is in bullish trend for near term and price is taking support from the trend line with breakout above the trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $41.92 is expected, which would trigger further bullish sentiment in the stock to test the levels of $43.50.
Click to enlarge
INDICATORS:-
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which  is indicating bullish sentiment in the stock.
XL GROUP PLC