Wall Street Stock Pick for the upcoming session : VALERO ENERGY CORP NEW

Recommendation     :           Buy above $51.25
Target                     :          $53.50
STOCK SUMMARY:-
 
Valero Energy Corp New is overall in consolidate trend and is sustaining at lower levels on chart. Traders can buy the stock above the level of $51.25 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 $53.50.

CHART FORMATION
 
Stock is in bullish trend for near term and price is sustaining below resistance trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $51.25 is expected, which would trigger further bullish sentiment in the stock to test the levels of $53.50.

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.

Wall street stock of the day : GENERAL ELECTRIC CO

Stock pick of the day

Recommendation   :             Buy above $26.00
Target                      :            $28.50

STOCK SUMMARY:-
General Electric Co is overall in consolidate trend and is sustaining at lower levels on chart. Traders  can buy the stock above the level of $26.00 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 $28.50.

CHART FORMATION
Stock is in bullish trend for near term and price is sustaining below resistance trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $26.00 is expected, which would trigger further bullish sentiment in the stock to test the levels of $28.50.

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.

US stock market overview

U.S. stock market again ended on a bullish note for the second consecutive day on Tuesday with election prediction weighing the market. In the house, republicans appears likely to expand their majority. Investors are also looking for evidence that world's largest economy can sustain a withdrawal in central-bank stimulus. ADP Non-Farm employment change is due on Wednesday, which is expected to support the economic sustained growth.

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Continental Building Products	16.89	18.69
Monster Worldwide	04.20	14.93
Campus Crest Communities	07.26	14.69
Nautilus	14.91	10.04
King Digital Entertainment	12.96	08.18

 

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Herbalife	44.27	20.81
RCS Capital	10.89	20.45
Sprint	05.17	16.61
Stone Energy	20.52	15.94
Comstock Resources	09.47	15.37

NYSE stock pick of the day : XL GROUP PLC

NYSE stock pick of the day

Recommendation    :           Buy above $33.85
Target                     :          $35.25

STOCK SUMMARY:-
XL Group Plc is overall in consolidate trend and is sustaining at lower 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 $35.25.

CHART FORMATION

click to enlarge

 
Stock is in bullish trend for near term and price is testing the resistance level with breakout above the trend line with good consolidation on daily intra-day 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 $35.25.

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 Pick of the day for next session : GILEAD SCIENCES INC

Recommendation    :             Sell below $102.50
Target                      :             $100.10

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 $102.50 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 $100.10.

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 $102.50 is expected, which would trigger further bearish sentiment in the stock to test the levels of $100.10.

Click to enlarge

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.

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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.