Stock Picks For Thursday: Citigroup Inc., Bank Of America And Curis

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Citigroup (C) looks like it is gonna squeeze some shorts tomorow morning, but it’s better to wait and see how the market reacts after the earnings report. From a technical perspective, the stock is on the verge of breaking the $5,42 highs, set on August 28th. If the stock does break through those highs, C has the potential to run straight up. C has a Bullish looking stock chart, price broke out from the horizontal resistance mark around 4.80 share Tuesday on high volume. The stock is displaying upside momentum and is poised to move higher from these levels. Keep C in your radar.

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Bank Of America (BAC) broke out to new 52-week highs today. Up 4.38% and up 15% since the buy call. I am expecting to see the stock continue this move on Thursday. As long as the stock stay above 18.24 area, the bullish scenario is still intact. Technical chart shows bullish sign with K line on top of D line and MACD on top of signal line. Next targets for the stock are $19.11 and $20.95.

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Curis (CRIS) is starting to make a move to break through the top of its range. This is a good stock to watch and once it breaks through $2.23 on a close basis, the stock should move. Although it is still early to confirm, technical indicators are turning up for both the RSI and MACD, confirming the short-term bullish sentiment. Watch CRIS closely on Thursday.

Other Stocks to Watch :

Today’s candlestick pattern was a Bullish Engulfing

CEPH - Cephalon, Inc.
DF - DEAN FOODS IN
NGD - DRC RESOURCES CP
CAJ - Canon Inc
MSO - MARTHA STEWART Living Omnimedia
RBY - RUBICON MINERALS CP
CHTL - Mortlock Ventures Inc
MNEAF - Minera Andes Inc
B - BARNES GROUP INC
LFL - Lan Airlines
NOEC - New Oriental Energy

Today’s candlestick pattern was a Bearish Engulfing

CHK - CHESAPEAKE ENERGY CORP
VZ - Verizon Comm
Q - QWEST COMM INTL INC
JNJ - JOHNSON & JOHNSON
CXM - ARIES VENTURES INC
MPEL - Melco Crown Adr
DISH - Dish Network A
NG - NOVAGOLD RESOURCES INC
SUN - SUNOCO INC
RINO - JADE MOUNTAIN CORP
PLCM - Polycom, Inc.
SPWRA - SUNPOWER CORPORATION
SGY - STONE ENERGY CORP
CBB - Cincinnati Bell
HEV - Enerl Inc
RAH - RALCORP HOLDINGS INC
VMC - VULCAN MATERIALS CO
GKK - GRAMERCY CAPITAL CP
VSEA - Varian Semiconductor
LYV - Live Nation
SLH - Solera Holdings Inc
CIT - CIT Group Inc. ( Major resistance $1.23 )

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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