Tuesday, 10 February 2015

US Stock Pick of the Day for Tuesday, February 10 2015 : QUEST DIAGNOSTICS INC


QUEST DIAGNOSTICS INC

Recommendation               Sell Below $68.50
Target                                  $66.50

STOCK SUMMARY:-
 
Quest Diagnostics Inc is overall in bullish trend and is sustaining at higher levels on chart. However, traders can sell the stock below the level of $68.50 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 $66.50.

CHART FORMATION
 
Stock is in bearish trend for near term and price is sustaining above support trend line with the expectation of level breakout on daily chart. Near term breach of major support level of $68.50 is expected which would trigger further bearish sentiment in the stock to test the levels of $66.50.


INDICATORS:-
RSI is trading with negative bias and is sustaining below the level of 55.
In MACD signal line is sustaining below MACD line which is indicating bearish sentiment in the stock.