Stocks Watchlist For Friday, March 02

by António Costa, Benzinga Contributor
March 1, 2012 5:41 PM | 3 min read |
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Ford Motor Company F - The technical chart shows very bullish sign as the stock is back on top of 20 day moving average. The bias is now bullish in nearest term but remains neutral in medium term. All indicators are bullish and point to more upside. For now, expect a run up to next resistance area around $13. If the stock is able to cross it and sustain above it, then it might go to $14.

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Goldman Sachs Group, Inc.GS broke out and continued higher. The stock looks good to move higher from here. Target is at $137.

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Advance Auto Parts, Inc.AAP is still consolidating here. Long entry is over 87.49

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Camelot Information Systems Inc (ADR) CIS was very strong on today, closing HOD on decent volume. This is a good move for CIS and could be the start of a breakout move. Resistance is $2.48 ( 50 SMA ) I'll be watching the stock closely for the breakout move. Once the stocks breaks through, we should see a heavy increase in buying.

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Bank of America Corp BAC looks to have consolidated and may be getting ready for another leg higher. Long entry would be at $8.34, with a market that is moving well.

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Uranium Energy Corp.UEC made a good upside reversal today. The technical chart above suggests that stock might find now resistance at $4. The technical chart shows very bullish signal as 50-day moving average has just crossed on top over 200-day moving average forming the Golden Cross. Let's keep an eye on UEC as i think momentum will pick up again.
 
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Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

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