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

U.S. stock pick of the day : FACEBOOK INC

U.S. stock pick of the day

Recommendation   :            Sell below $75.10
Target                        :            $72.10

STOCK SUMMARY:-

Facebook Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can  sell the stock below the level of $75.10 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 $72.10.

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 $75.10 is expected, which would trigger bearish sentiment in the stock to test the levels of $72.10.

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 followed Wednesday's sharp rally and ended red on Thursday that clipped all the ten sectors. Equities began the trading day with modest losses, but energy sector was a notable laggard from the start of the day. With no major data due on Friday, market is expected to trade in a  range with less volume.

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BULLS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Hub Spot	30.10	20.40
ITT Educational Services	05.43	20.40
Ruby Tuesday	06.82	15.20
Vectrus	21.35	07.99
Lindsay	79.86	06.69

 

BEARS OF THE STREET (NYSE)

Name	Close Price ( $ )	Change %
Global Ship Lease CI A	03.12	16.35
Paragon Offshore	04.99	14.70
Wayfair CI A	26.71	13.98
Independence Contract Drilling	09.59	13.60
Acorn International ADS	02.43	13.52

U.S. stock pick of the day : CVS HEALTH CORP

U.S. stock pick of the day

Recommendation    :            Buy above $82.57
Target                      :           $84.50

STOCK SUMMARY:-

CVS Health Corp is overall in bullish trend and is sustaining at higher levels on chart. Traders can  buy the stock above the level of $82.57 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 $84.50.

CHART FORMATION
 

Stock is in bullish trend for near term and price is expected to take the support from the trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $82.57 is expected, which would trigger bearish sentiment in the stock to test the levels of $84.50.

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.