Market Overview

Friday's Watchlist

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Is Green Dot Corporation (NYSE: GDOT) on your Radar ? It Better Be ! GDOT has gained momentum recently and the stock rebounded about 10% in the past couple of trading sessions on solid volume, closing today near its critical breakout point of 13.6. Any close above this level in my opinion is the key to unlocking the chart and getting the party started. The next resistance is not until up at $16.75. After the 200-day SMA, things enter into Blue Sky Breakout territory !!!!! With a Bullish MACD cross, along with the bullish RSI action, it should only be a matter of time for stock to take off. Lots of eyes looking for a break higher to close the gap. Be sure to get it on your radars ! 
 
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Aon PLC (NYSE: AON) had a strong session, up 2.27% to 58.08, closing above its resistance area that has contained prices over the last two months. The stock has been in an uptrend since July and today's break suggests a continuation of the upmove.
 
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Sprint Nextel Corporation (NYSE: S) has been in a Three-month consolidation with resistance in the 6 area. The stock is again at the top of the channel with a rally over the past one month from 5.40 to 5.87. A break of 6.04 could push the stock further higher up to 7 level.
 
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Williams Companies, Inc. (NYSE: WMB) Over 34.39 for a momentum trade on a good setup.
 
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Capital One Financial Corp. (NYSE: COF) is approaching a key resistance level at 62.92, a break of which could accelerate the stock price.
 
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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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The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Posted-In: Technicals Markets Trading Ideas

 

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