Stock Picks For Tuesday: General Electric Company And JPMorgan Chase & Co.

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Stock Picks For Tuesday: General Electric Company And JPMorgan Chase & Co.

By Antonio Costa on September 15, 2009 | More Posts By Antonio Costa | Author's Website

( click to enlarge )

General Electric (GE) has made an awesome move on Monday breaking out of a major resistance line with volume backed confirmation. I went long at 15.04 as its quite possible we should see a short term move near $16/share. The technical chart shows bullish sign with K line on top of D line and MACD on top of signal line. The breakout from the resistance line is just a confirmation of the recent upward move.

( click to enlarge )

JPMorgan Chase & Co. (JPM) breakout !!! The triangle represents a consolidation or rest after an advance. The breakout signals a continuation of the prior advance. As long as $43 holds, this breakout is in great shape. A move below $43 would question the breakout and further weakness below $41.60 would be outright bearish.

Other Stocks to Watch :

HGSI - Human Genome Scienc. ( Bullish Engulfing )
SPPI - Spectrum Pharmaceut. ( Bullish Engulfing )
GILD - Gilead Sciences, Inc. ( Bullish Engulfing )
HMA - Health Management A ( Bullish Engulfing )
ERIC - LM Ericsson ( Bullish Engulfing )
CAT - Caterpillar Inc ( Bullish Engulfing )
KLAC - KLA-Tencor Corporation ( Bullish Engulfing )
LSI - LSI Corp ( Bullish Engulfing )
COST - Costco Wholesale Co. ( Bullish Engulfing )
QLGC - QLogic Corporation ( Bullish Engulfing )
LRCX - Lam Research Corportion ( Bullish Engulfing )
MT - Arcelormittal ( Bullish Engulfing )
TRV - The Travelers Co ( Bullish Engulfing )
KWK - Quicksilver Resources ( Bullish Engulfing )
HOLX - Hologic, Inc. ( Bullish Engulfing )
NOVL - Novell, Inc. ( Bullish Engulfing )
AMX - America Movil SA ( Bullish Engulfing )

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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