US stock market today's Overview

US stock market today's Overview

US equity market ended lower on Thursday with decline in energy shares amidst rally with European Central Bank's new stimulus measures.

Investors attributed the late-day pullback to nervousness ahead of Friday's US jobs data.

Jobs data due on Friday seems to have dried up US market.

Data is expected to come positive for the economy helping the investors to have a clear vision of the direction about the market.

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US Stock pick of the day : MEADWESTVACO CORP

Recommendation Buy above $43.25

Target $44.75

STOCK SUMMARY:-

Meadwestvaco corp partners Inc is overall in bullish trend and is sustaining at higher levels on chart. 

Traders can buy the stock above the level of $43.25 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 $44.75.

CHART FORMATION

Stock is in consolidate 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 $43.25 is expected, which 

would trigger bullish sentiment in the stock to test the levels of $44.75.

INDICATORS:-

RSI is trading with positive bias and in MACD signal line is sustaining above MACD line which is 

indicating bullish sentiment in the stock.

Bulls & Bears of US Stock market

 

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
DSW CI A	31.00	09.27
Mobileye	41.46	08.56
Tim Hortons	81.05	08.47
Cheetah Mobile ADS	29.36	08.46
Violin Memory	04.05	08.42

 

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BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Doral Financial	06.76	19.14
Xueda Education Group ADS	03.77	18.53
Trina Solar ADS	12.30	08.00
Movado Group	40.65	07.70
Best Buy	29.81	06.81

Stock pick of the day : DAVITA HEALTHCARE PARTNERS INC

Recommendation Buy above $74.50

Target $76.50

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STOCK SUMMARY:-

Davita Healthcare partners 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 sustaining above the trend line and with good 

consolidation and trend line breakout on daily intraday chart. Near term breach of resistance level of 

$74.50 is expected, which would trigger bullish sentiment in the stock to test the levels of $76.50.

INDICATORS:-

RSI is trading with positive bias and in MACD signal line is sustaining above MACD line which is 

indicating bullish sentiment in the stock.