Stock Picks For Tuesday: American International Group, Research In Motion Limited And Citigroup Inc.

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Stock Picks For Tuesday: American International Group, Research In Motion Limited And Citigroup Inc.

By Antonio Costa on September 29, 2009 | More Posts By Antonio Costa | Author's Website

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Citigroup (C) - The stock is now set up nicely in a base for a potential breakout. The short-term trend remains bullish and the stock appears to be headed towards the target zone at $5. The technical chart shows the stock is currently in the rally as K line is rising on top of D line, indicate buy signal. Shareholders may remain invested with a stop- loss at $4.06.

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It looks like there is just limited downside risk in the stock at current levels. Research In Motion (RIMM) is short-term oversold technically, and due for a corrective bounce soon. The stock has a strong support at $65.68.

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AIG traded in a range on Monday, but this stock wants to make an upside move. I really like the daily chart and expect to see a move very soon. Resistance stays at $50,23, which was last Monday’s high. Once American International Group (AIG) breaks resistance, it should run to $60. The technical indicators are still in favor of the uptrend continuation.

Other Stocks to Watch :

Today’s candlestick pattern was a Bullish Engulfing

CA - CA Inc
DNDN - Dendreon Corporation
LMDIA - Liberty Media Corp
PBCT - People’s Bank
NWS - News Corp Ltd ADR
BP - BP AMOCO ADS
BEAV - BE Aerospace, Inc.
ROST - Ross Stores, Inc.
WYN - Wyndham Worldwide WI
CRGN - CuraGen Corporation
OSK - Oshkosh Corp
RPRX - Zonagen, Inc.
LYG - Lloyds Bankg Grp
STKL - SunOpta Inc
CERS - Cerus Corporation
TNDM - Neutral Tandem Inc

Today’s candlestick pattern was a Bearish Engulfing

DAL - Delta Airlines
KGC - KINROSS GOLD CORP
ABAT - Buy It Cheap.com Inc
CEPH - Cephalon, Inc.
STSI - Star Scientific, Inc.
CHIP - VeriChip Corp
CBB - Cincinnati Bell
AEZS - Aeterna Zentaris Inc
AMCN - AirMedia Group Inc
NZ - Netezza Corp
MBCI - Smartec Holdings Inc
VRS - Verso Paper Corp
TITN - Titan Machinery Inc

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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