US Stock Market Technical Analysis and Stock Pick for Wednesday, March 18 2015

US stock market closed the Tuesday's session on a mixed note ahead of Wednesday's Federal Reserve Policy announcement. The Dow Jones industrial average lost 128 points or 0.71% to close at 17849, the NASDAQ Composite index gained 7 points or 0.15% to close the day at 4937 while the S&P 500 index lost 7 points or 0.35% to end the session at 2074. FOMC statement is due on Wednesday and is expected to have a positive impact on the US economy to drive the market higher.

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Stock Pick of the day : QUEST DIAGNOSTIC INC


Recommendation    :          Buy Above $74.50
Target                    :          $76.50

STOCK SUMMARY:-
Quest Diagnotic Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $74.50 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 $76.50.

CHART FORMATION
Stock is in bullish trend for near term and price is taking support above the trend line on daily chart. Near term breach of major resistance level of $74.50 is expected which would trigger further bullish sentiment in the stock to test the levels of $76.50.

Technical Chart

TECHNICAL ANALYSIS:-
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining over MACD line which is indicating bullish sentiment in the stock.

WallStreet Overview as on Friday, February 06 2015

US equity market ended the Thursday session on a positive note with rebound in oil prices and upbeat quarterly earnings. The Dow Jones industrial average gained 212 points or 1.20% to close at 17885, the Nasdaq Composite gained 48 points or 1.02% to close at 4765 while the S&P 500 index gained 21 points or 1.05% to end the session at 2063. Employment rate data is due on Friday, which is expected to come positive for the economy to help continue its recent bullish trend.

Stock pick of the Day : CONCOPHILLIPS


Recommendation   :           Buy above $68.00
Target                    :           $70.50
STOCK SUMMARY:-

Consophillips is overall in consolidate trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $68.00 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 $70.50.

CHART FORMATION

Stock is in bullish trend for near term and price is sustaining above resistance trend line with the expectation of level breakout on daily chart. Near term breach of major resistance level of $68.00 is expected which would trigger further bullish sentiment in the stock to test the levels of $70.50.

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.

US stock Market Analysis and Stock Picks

Wall Street Analysis and Predictions

U.S. stock market ended on a negative note on Monday as report from China and Europe were disappointing. Weak Black Friday sales were also weighing on markets, especially retail stocks. With tech giants price falling the NASDAQ Composite saw its steepest fall in seven weeks. Energy & Utility stocks were the only green spots on wall street. With no major data due on Tuesday market is expected to trade in a range with less volume.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Compania de Minas Buenaventura ADS	10.53	13.84
Primero Mining	04.55	12.07
IAMGOLD	02.35	11.37
Au Rico Gold	03.83	11.34
Coeur Mining	04.56	10.95

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Miller Energy Resources	01.59	31.47
Goodrich Petroleum	04.73	21.82
North Atlantic Drilling	01.94	20.16
LRR Energy	09.23	19.04
Delek Logistics Partners	30.80	16.73

Crude Falls, US Stock Market Ends Flat

NYSE

U.S. stock market ended on a flat note on Black Friday with falling crude oil prices. An index of oil and gas exploration tumbled 8.15% on Friday as US crude fell almost 10% to around $66.36 per barrel to hit its lowest in 4-1/2 years. The overall energy sector of the S&P 500 fell 6.3% on Friday, adding to its year-to-date losses, now at 10.3%. Manufacturing data is due on Monday, which is expected to come positive for the economy to maintain the sustained bullish trend in the market by investors.

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
United Continental Holdings	61.23	08.18
Zhaopin ADS	15.12	07.31
Southwest Airlines	41.82	06.47
China Eastern Airlines ADS	24.85	05.79
China Southern Airlines ADS	22.53	05.77

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Goodrich Petroleum	06.05	34.24
Laredo Petroleum	10.45	33.52
Resolute Energy	01.88	31.14
Swift Energy	04.50	29.80
Sanchez Energy	11.29	29.48

US Stock Market Analysis and Next Session Predictions

U.S. stock market ended on a positive note on Wednesday boosted by tech shares. The S&P 500 and Dow Jones industrial average closed at record highs, while the energy sector had the highest weight on market. The Dow Jones industrial average rose 12.75 points or 0.07% to close at 17827.69, the S&P 500 gained 5.76 points or 0.28%  to close at 2072.79 and the NASDAQ Composite added 29.07 points or 0.61% to close at 4787.32. With half day trading session on Friday, market is expected to trade in a range with less volume.

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
UBS Group Wi	23.20	32.70
American Realty Investors	05.99	14.31
Veeva Systems	32.43	12.45
E-House Holdings ADS	09.89	09.71
China Life Insurance ADS	52.37	09.26

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Sea drill	16.09	22.28
North Atlantic Drilling	02.66	16.09
Diamond Offshore Drilling	32.35	10.54
FMSA Holdings	11.51	10.15
Fortuna Silver Mines	04.51	07.96

CONAGRA FOODS INC

Technical Chart

Recommendation    :            Buy above $35.91
Target                     :            $37.50

STOCK SUMMARY:-Conagra Foods Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $35.91 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 $37.50.

CHART FORMATIONStock is in bullish trend for near term and price is sustaining above trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $35.91 is expected, which would trigger further bullish sentiment in the stock to test the levels of $37.50.

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.

Stock pick of the day : FACEBOOK INC

Stock pick of the day

Recommendation : Buy above $78.25

Target                     :  $80.50

STOCK SUMMARY:-

Facebook Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $78.25 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 $80.50.

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CHART FORMATION

Stock is in bullish 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 $78.25 is expected, which would trigger bullish sentiment in the stock to test the levels of $80.50.

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.

US stock pick of the day : Apartment Investment & Management co.

Stock pick of the day

Recommendation  :              Buy above $34.80
 
Target                    :              $36.50
STOCK SUMMARY:-

Apartment Investment & Management co. is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $34.80 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 $36.50.

CHART FORMATION
 
Stock is in bullish 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 $34.80 is expected, which would trigger bullish sentiment in the stock to test the levels of $36.50.

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.

US stock market bulls and bears

Top gainers and losers of US stock Market

 

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
BLYTH	09.07	35.98
Empresa Distribuidora y Comercializadora Norte ADS	11.77	11.14
Mobileye	46.97	09.16
Noranda Aluminium Holding	04.35	08.48
BBVA Banco Frances ADS	11.64	07.98

 

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BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Genie Energy	07.15	14.88
Frontline	01.78	11.88
Vince Holding	34.27	11.54
Coupons.com	14.96	08.11
Skilled Healthcare Group CI A	06.84	07.07