Stock Picks For Wednesday: Knight Capital Group Inc. And Microsoft Corporation

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Stock Picks For Wednesday: Knight Capital Group Inc. And Microsoft Corporation

By Antonio Costa on August 26, 2009 | More Posts By Antonio Costa | Author's Website

Chart courtesy of www.stockcharts.com ( click to enlarge )

Knight Group Capital (NITE) has a Bullish looking stock chart, price broke out from the horizontal resistance mark around $19.34/share Thursday on heavy volume. The stock made a new 52-week high again today, but was not able to close near this high. However, I’m buyer of NITE once it breaks Tuesday’s high of $20.78 for the follow through move. Technically, the stock is in a Breakout mode. Long-term investors may hold with a stop at 19.34.

Chart courtesy of www.stockcharts.com ( click to enlarge )

Shares of Microsoft (MSFT) are in a good short-term uptrend. The price has bounced off the low of 22.90 touched in the middle of August. The price can easily head towards the $25 zone. If this zone is surpassed, getting to $25.58 would be a possibility. The technical daily chart shows the stock is in a bullish trend as MACD is high above signal line and K line is also on top over D line. Keep watching MSFT and you should get a good trading opportunity soon.

Other Stocks to Watch :

Hatteras Financial Corp. - HTS ( Price Breakout )
Old Dominion Freight Line - ODFL ( Price Breakout )
Bristol Myers Squibb Co. - BMY ( Bullish Engulfing )
Walgreen Company - WAG ( Bullish Engulfing )
Kimco Realty Corporation - KIM ( Bullish Engulfing )
Cenveo Inc. - CVO ( Recent Insider Buying )
Zygo Corp. - ZIGO ( Recent Insider Buying )
Flowers Foods, Inc.- FLO ( Recent Insider Buying )
Tesco Corporation - TESO ( Recent Insider Buying )
Washington Banking Co. - WBCO ( Recent Insider Buying )
Acme Packet, Inc. - APKT ( Recent Insider Selling )
Virtusa Corp - VRTU ( Recent Insider Selling )
Digi International Inc. - DGII ( Recent Insider Selling )
Hewlett-Packard Company - HPQ ( Recent Insider Selling )
Xilinx Inc. - XLNX ( Recent Insider Selling )

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

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