Stock Picks For Wednesday: Trinity Industries And American Oriental Bioengineering

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Stock Picks For Wednesday: Trinity Industries And American Oriental Bioengineering

By Antonio Costa on October 7, 2009 | More Posts By Antonio Costa | Author's Website

( click to enlarge )

The technical daily chart of American Oriental Bioengineering (AOB) doesn’t look pretty as indicators such as MACD, RSI and the 50 day moving average all indicates continuous trend of weakness. The only technical indicator which shows signs of bullishness is Stochastics which suggest a buy as the K line just crossed on top over D.

( click to enlarge )

Trinity Industries (TRN) is trading very narrow range candles and is oversold at this point. The stock broke a downtrend and is now backing and filling into the breakout area. The technical daily chart above is showing a slightly bullish bias. RSI is ticking up but is still below the 50 level. If it is able to get above 50 level, it will be bullish. In addition, KD is at low and K line looks like is about to break above D line the upward movement should be near. The stock could be finding traction here. Keep TRN in your radar.

Other Stocks to Watch :

Today’s candlestick pattern was a Bullish Engulfing

AMGN - Amgen Inc.
FTWR - FiberTower Corp
COV - Covidien Plc
SYKE - Sykes Enterprises
QGEN - Qiagen N.V.
CNC - Centene Corporation
DSTI - DAYSTAR TECHNOLOGIES

Today’s candlestick pattern was a Bearish Engulfing

XRX - XEROX CORP
DYN - Dynegy Delaware Inc
VIP - Vimpel Communications
HUN - HUNTSMAN CORPORATION
DF - DEAN FOODS INC
PGN - Progress Energy Inc
ATML - Atmel Corporation
PBCT - People’s Bank
MXB - MSCI Inc
ACM - Aecom Technology Corp
PLCM - Polycom, 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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