US Stock Market and Stock Pick of the Day

US equity market ended little changed on Tuesday as the US economy grew more than expected last quarter. Weak consumer confidence and house price data kept major indexes in a narrow range. The Dow Jones industrial average fell 2.83 points or 0.02% to close at 17815.07, the S&P 500 lost 2.28 points or 0.11% to close at 2067.13 and the NASDAQ Composite added 3.36 points or 0.07% to close the day at 4758.25. Core durable goods, Employment claims and Home sales data are due on Wednesday, which might cause volatility in market with high volume.


Stock Pick for the day : ADOBE SYS INC

Technical Chart

Recommendation    :           Buy above $72.55
Target                     :           $74.50

STOCK SUMMARY:-Adobe Sys Inc is overall in consolidate trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $72.55 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 $74.50.

CHART FORMATION
Stock is in bullish trend for near term and price is sustaining below resistance trend line with bullish flag pattern formation on daily intraday chart. Near term breach of resistance level of $72.55 is expected, which would trigger further bullish sentiment in the stock to test the levels of $74.50.

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.

NSYE stock pick of the day : TYSON FOOD INC

NYSE stock pick for the upcoming session

Recommendation   :             Sell Below $37.00
Target                       :             $35.50

STOCK SUMMARY:-

Tyson Food Inc is overall in consolidate trend and is sustaining at higher levels on chart. Traders can short the stock below the level of $37.00 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 $35.50.

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CHART FORMATION

Stock is in consolidate trend for near term and price is testing the support level below the trend line with good consolidation on daily intraday chart. Near term breach of support level of $37.00 is expected, which would trigger further bearish sentiment in the stock to test the levels of $35.50.

stock pick analysis chart

INDICATORS:-

RSI is trading with negative bias and is sustaining below the level of 50.
In MACD, signal line is sustaining below MACD line which  is indicating bearish sentiment in the stock.

U.S. stock pick of the day : ALLSTATE CORP

NYSE stock pick of the day

Recommendation    :           Sell Below $59.25
Target                     :          $57.50

STOCK SUMMARY:-
Allstate Corp is overall in bearish trend and is sustaining at higher levels on chart. Traders can sell the stock below the level of $59.25 which is a near term resistance 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 $57.50.

CHART FORMATION
Stock is in consolidate trend for near term and price is expected to test the support level below the trend line with good consolidation on daily intraday chart. Near term breach of support level of $59.25 is expected, which would trigger further bearish sentiment in the stock to test the levels of $57.50.

INDICATORS:-
RSI is trading with negative bias and is sustaining below the level of 50.
In MACD, signal line is sustaining below MACD line which  is indicating bearish sentiment in the stock.

NYSE stock trading session overview

NYSE stocks Update

U.S. stock market ended on bearish trend on Tuesday, putting the market at risk for a fourth consecutive day of decline. Energy shares were the biggest losers because of falling oil prices. Stocks were in a Bullish trend until the last hour of the market where energy shares were the biggest drag. Retail sales data is due on Wednesday which is expected to come positive for the economy to help support the continuously falling equity market.

  

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
EXCO Resources	02.53	16.59
Baltic Trading	03.34	12.46
Graf Tech International	04.12	12.43
GAIN Capital Holdings	07.11	12.32
Domino's Pizza	84.33	11.37

 

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Midstates Petroleum	02.35	27.17
Nuverra Environmental Solutions	09.48	14.90
Miller Energy Resources	03.11	13.13
Panhandle Oil & Gas	18.59	11.22
Verso Paper	02.45	10.91

NYSE stock pick of the day : GILEAD SCINECES INC

U.S. stock pick of the day

Recommendation  :              Sell below $101.20
Target                   :                 $98.75

STOCK SUMMARY:-
 
Gilead Sciences Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can  sell the stock below the level of $101.20 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 $98.75.

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CHART FORMATION
 
Stock is in consolidate trend for near term and price is expected to test the support level below the trend line with good consolidation with double top pattern formation on daily intraday chart. Near term breach of support level of $101.20 is expected, which would trigger further bearish sentiment in the stock to test the levels of $98.75.

INDICATORS:-
 
RSI is trading with negative bias and is sustaining below the level of 50.
In MACD, signal line is sustaining below MACD line which  is indicating bearish sentiment in the stock.

U.S stock market overview

 

US stock market overview

U.S. stock market followed Wednesday's sharp rally and ended red on Thursday that clipped all the ten sectors. Equities began the trading day with modest losses, but energy sector was a notable laggard from the start of the day. With no major data due on Friday, market is expected to trade in a  range with less volume.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Hub Spot	30.10	20.40
ITT Educational Services	05.43	20.40
Ruby Tuesday	06.82	15.20
Vectrus	21.35	07.99
Lindsay	79.86	06.69

 

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Global Ship Lease CI A	03.12	16.35
Paragon Offshore	04.99	14.70
Wayfair CI A	26.71	13.98
Independence Contract Drilling	09.59	13.60
Acorn International ADS	02.43	13.52

U.S. stock pick of the day : CVS HEALTH CORP

U.S. stock pick of the day

Recommendation    :            Buy above $82.57
Target                      :           $84.50

STOCK SUMMARY:-

CVS Health Corp is overall in bullish trend and is sustaining at higher levels on chart. Traders can  buy the stock above the level of $82.57 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 $84.50.

CHART FORMATION
 

Stock is in bullish trend for near term and price is expected to take the support from the trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $82.57 is expected, which would trigger bearish sentiment in the stock to test the levels of $84.50.

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.

U.S. stock market overview

 

US stock market overview

US stocks dropped more than 1% on Wednesday as the first diagnosis of Ebola in a patient in the United States spooked investors, and the Russell 2000 index ended in correction territory.

The Dow Jones industrial average fell 237.74 points, or 1.39 percent, to 16,805.16, the S&P 500 lost 26.13 points, or 1.32% , to 1,946.16 and the Nasdaq Composite dropped 71.31 points, or 1.59% , to 4,422.09.

 

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Acuity Brands	130.53	10.89
New York Times CI A	12.23	09.00
Civeo	12.52	07.84
Babcock & Wilcox	29.81	07.66
PIMCO Global Stoxks PLUS & Income Fund	21.48	05.66

 

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Centrus Energy	07.71	24.49
Doral Financial	05.13	22.70
Walter Energy	02.06	11.75
Imprivata	13.76	11.34
Greenbrier	65.68	10.49

U.S. stock pick of the day : ALEXION PHARMACEUTICALS INC

US stock pick of the day

Recommendation   :            Buy above $169.00
Target                     :            $172.50

STOCK SUMMARY:-
Alexion Pharmaceuticals Inc is overall in consolidate trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $169.00 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 $172.50.

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CHART FORMATION
Stock is in bullish trend for near term and price is taking support from the trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $169.00 is expected, which would trigger bullish sentiment in the stock to test the levels of $172.50.

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.