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.

U.S. stock market overview

US stock market overview

U.S. stock market ended on a flat note, rebounding from an early 200 point plunge on the Dow that was sparked by more growth concerns. The selling over the past month has wiped out gains for this year leaving all the major indexes to their bottoms. Consumer sentiment data due on Friday is expected to come positive for the economy. Also, market volatility is expected during Fed Chair Yellen Speech.

BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
ITT Educational Services	05.57	40.30
Atlantic Power	02.46	22.39
Martha Stewart Living Omnimedia	04.50	21.62
Midstates Petroleum	02.83	18.41
Chesapeake Energy	20.79	16.99

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BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Monster Worldwide	04.02	17.79
Southwestern Energy	31.97	10.42
Petroleo Brasileiro ADS A	15.21	07.87
Petroleo Brasileiro ADS	14.50	06.75
CGG ADS	07.60	05.82

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 today

U.S. stock market Overview

U.S. stock market ended in red on Monday despite showing some intraday strength. The S&P lost 1.7% with all ten sectors ending at lower levels. All ten sectors ended with lower energy registering the biggest decline. Although energy pressured the market, the top rated technology stocks showed some signs of strength. With no major data due in market, stocks are expected to trade in a range with low volume.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Doral Financial	06.75	27.60
Atlas Energy	37.25	14.93
Cliffs Natural Reources	08.25	12.70
Petroleo Brasileiro ADS	18.44	11.42
Petroleo Brasileiro	17.27	10.56

 

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Aerohive Networks	04.49	32.28
Goodrich Petroleum	07.65	29.36
Lithia Motors CI A	64.01	20.84
Callon Petroleum	05.61	16.31
Haldon Resources	02.51	16.05

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 Market on Friday

US stock market on Friday

U.S. stock market witnessed a sharp selling trend on Friday with all major indices  recording their major weekly decline in last two years. Market is volatile on concerns about slowing economic growth. Bad economic data with dovish statement is causing weakness in share market. U.S. equity market is closed on Monday on observance of Columbus day.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Diplomat Pharmacy	16.88	29.85
L-3 Communications Holdings	117.95	09.10
Global Ship Lease CI A	03.37	08.01
Fortuna Silver Mines	04.52	07.62
Infosys ADS	63.16	06.31

 

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Spansion CI A	16.99	15.05
ITT Educational Services	04.67	14.00
Manitowoc	18.76	12.87
Aerohive Networks	06.63	11.48
A10 Networks	04.21	11.18