Watch list for Monday, May 11
1.ÿ KEY - KEYCORP COM .BAN
Price= 39.1 Another very good trading stock . MACD is bearish, but the relative strength is bullish. Volume indicators show KEY is under distribution. but the moving averages are bullish and the stock finished well on Friday, with large blocks going through. Look for support at 38.25 and resistance at 39.25
2.ÿ MMM - MINNESOTA MNG & MFG CO COM .CON
Price= 93.9 Another very good trading stock. (MACD) indicates a BULLISH TREND
Relative Strength is BULLISH. Volume indicators show that the stock is under ACCUMULATION
The 50 day MOVING AVERAGE is rising which is BULLISH. Watch for resistance at 96.35
Stochastics indicate stock is OVERSOLD and it finished strongly on Friday. Looks ripe for a 1-2 day hold.
3.ÿ ASFD - AUTHENTIC SPLTY FOODS INC COM .MCN
Price= 16.8 Finished strongly on Friday. Lots of large blocks going through.
4.ÿ FON - SPRINT CORP COM .TLD
Price= 68.9 MACD indicates a BEARISH TREND, Relative Strength is NEUTRAL. This indicates that the stock is 'poised' for further movement. Volume indicators show FON is under ACCUMULATION.
The 20, 50 day MOVING AVERAGE are rising which is a bullish indication.
Price is under support of 69.20 which is bearish.
5. STJ - ST JUDE MEDICAL INC COM .MED
Price= 38.8 At 39, this stock will have had a double top point & figure breakout. Nice company. MACD indicates a BULLISH TREND. Relative Strength is neutral could indicate a new trend. Volume indicators show STJ is under distribution. Stochastics indicate stock is OVERBOUGHT
6.ÿ EMC - E M C CORP COM .DCO
Price= 45.3 Good trading stock, very strong upward trend. (MACD) indicates a BULLISH trend. Relative Strength is BULLISH. MFI indicates stock is under accumulation. Support is at 42.50. 10, 20, 50 day moving averages are bullish.
7.ÿ BFT - BALLYS TOTAL FITNESS HLDG COM .RSP
Price= 31.0 nice 'growth' stock. possibly for short term hold. Although MACD is bearish the relative strength is bullish. Stock is currently under distribution, Stochastics are overbought. This should be tracked carefully.
8.ÿ ANTC - ANTEC CORP COM .BEQ
Price= 19.3 Up nicely on Friday on high volume, and large blocks going through.
9.ÿ CARY - CAREY INTL INC COM .SER
Price= 23.2.. Up nicely on high volume, institutional interest. Great growth company. #1 limo company in the world.
10.ÿ AMFM - CHANCELLOR MEDIA CORP COM .BRA
Price= 43.5 Excellent trading stock. (MACD) indicates a bearish, Relative strength is bearish but the volume indicators indicate that AMFM is under distribution. BUT.. since the stochastics show an oversold situation and it just had a good run up, I think this stock is undergoing a trend reversal to the POSITIVE. Support is at 43.25 and resistance at 45.50
11.ÿ HLIT - HARMONIC LIGHTWAVES INC COM .BEQ
Price= 18.5 Very good stock chart (MACD) indicates a bullish trend. RSI is bullish, and the volume indicators show that HLIT is under accumulation. 10, 20, 50 day moving averages are bullish. At 19 HLIT will have a double top point & figure breakout.
Support at 18 1/4. Finished strongly on Friday, with large blocks going through.
12.ÿ ARM - ARM FINANCIAL GROUP INC COM C .FSE
Price= 21.7 Rank Within Industry (insurance/life ) 7 of 31, Finished strongly on Friday, with large amount of big blocks going through.
13.ÿ CBS - C B S CORP COM .BPE
Price= 33.9ÿ In this chart, I see a possible trend reversal. MACD is bearish, but the relative strength is bullish.ÿ up/down volume pattern shows that the stock is under distribution, support is at 33.50.ÿ Stochastics show an oversold situation.ÿ Finished strongly on Friday.
14.ÿ XLNX - XILINX INC COM .DCO
Price 46.8 Strong chart patterns, MACD is bullish, Stock is under accumulation.
Price is under support ofÿ 47.50 which is bearish. Moving average 10, 21, 50 day are bullish. Some larger blocks went through on Friday.
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