Friday, 31 October 2014

Wallstreet stocks update


U.S. stock market ended on a bullish note on Thursday, heading to close October month as a treat for investor. The S&P 500 was on track to end the month about 1% higher. The NASDAQ was up 1.5% and the Dow was up by 0.8% after gaining 215 points. With no major data due on Friday, market is expected to trade range bound with less volume.


BULLS OF THE STREET (NYSE)

Name
Close Price ( $ )
Change %
Calix
10.76
21.72
Alcatel- Lucent ADS
02.97
16.02
FleetMatics Group
35.80
13.29
Ocwen Financial
23.16
11.29
Life Lock
16.90
10.39

 
BEARS OF THE STREET (NYSE)

Name
Close Price ( $ )
Change %
Niska Gas Storage Partners
07.27
36.28
Yamana Gold
04.46
17.10
K12
12.98
14.32
Goldcorp
18.61
13.52
Weight Watchers International
25.56
13.12


Stock pick of the day : XL GROUP PLC


Recommendation     :           Buy above $33.85
Target                     :          $35.50

STOCK SUMMARY:-
 
XL Group Plc is overall in consolidate trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $33.85 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 $35.50.

CHART FORMATION
 
Stock is in bullish trend for near term and price is sustaining above resistance trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $33.85 is expected, which would trigger further bullish sentiment in the stock to test the levels of $35.50.

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.