US stock market ended on a negative note on Wednesday, with the close of six-year effort to stimulate economy. The end of QE program by the Fed reflects the improvement in labor market and the diminished risk on inflation side. The Fed will also be keeping interest rate at current low rates for a considerable time. Employment data is due on Thursday which is expected to keep up the good positive pace in the economy.
BULLS
OF THE STREET (NYSE)
Name
|
Close
Price ( $ )
|
Change
%
|
USANA
Health Sciences
|
106.95
|
21.74
|
Corporate
Executive Board
|
71.16
|
17.37
|
Adeptus
Health
|
32.23
|
16.48
|
ACCO
Brands
|
08.45
|
15.12
|
Doral
Financial
|
05.94
|
15.12
|
BEARS
OF THE STREET (NYSE)
Name
|
Close
Price (
$ )
|
Change
%
|
Inven
Sense
|
16.08
|
25.14
|
Wabash
National
|
10.16
|
21.18
|
Orbital
Sciences
|
25.27
|
16.79
|
Aerohive
Networks
|
04.85
|
15.80
|
Myers
Industries
|
14.35
|
15.64
|
Stock pick of the day : AMEREN
CORP
Recommendation : Buy above $41.92
Target : $43.50
STOCK SUMMARY:-
Ameren Corp is overall in consolidate trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $41.92 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 $43.50.
CHART FORMATION
Stock is in bullish trend for near term and price is taking support from the trend line with breakout above the trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $41.92 is expected, which would trigger further bullish sentiment in the stock to test the levels of $43.50.
Target : $43.50
STOCK SUMMARY:-
Ameren Corp is overall in consolidate trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $41.92 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 $43.50.
CHART FORMATION
Stock is in bullish trend for near term and price is taking support from the trend line with breakout above the trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $41.92 is expected, which would trigger further bullish sentiment in the stock to test the levels of $43.50.
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| 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.
XL GROUP PLC
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.
XL GROUP PLC
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