Stock Picks For Wednesday: Intel Corporation And American International Group

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AIG (AIG) pulled back to support ( 10-day moving average ) on Tuesday. The weak market held back AIG, but I still like this stock for an upside move. I expect to see this move occur soon and will continue to watch the stock the next few days. The technical daily chart shows the stock is in a rally as K line is rising on top of D line as the price is back above 50 day moving average. Resistance stays at $45.19, which is the oblique minor resistance line. Keep AIG on your screen for the next few days.

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Intel (INTC) is trading higher after hours, as the company released strong earnings. I’m expecting it to gap up tomorrow morning. There will be very heavy volume tomorrow, and there should be good opportunity for trades. Technical chart shows bullish sign with K line on top of D line and MACD on top of signal line. For now, expect a run up to next resistance area around $23.91. If the stock is able to cross it and sustain above it, then it might go to $24.28. Support lies around $19.90.

Other Stocks to Watch :

Today’s candlestick pattern was a Bullish Engulfing

GE - GENERAL ELECTRIC CO
SYMC - Symantec Corporation
HD - HOME DEPOT INC
AKS - A K STEEL HOLDING CORP
LEN - LENNAR CORP
AKAM - Akamai Technologies
KGC - KINROSS GOLD CORP
RAD - RITE AID CORP
DHI - Horton DR Inc
FTR - Citizens Communications
GME - GAMESTOP CP
CATY - Cathay Gen Bancorp Inc
WSM - WILLIAMS SONOMA INC
CNX - CONSOL Energy Inc
FDX - FedEx Corporation
ECA - EnCana Corp
VTR - Ventas Inc
LPX - LOUISIANA PACIFIC CORP
CPST - Capstone Turbine
RRC - Range Resources Corp
PRGO - Perrigo Company
CHL - China Mobile ltd
LXK - Lexmark International
GLBL - Global Industries

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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