Stock Picks For Friday: Amazon, Melco Crown Entertainment And American International Group

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Amazon (AMZN) is trading higher after hours on Thursday, as the company released strong earnings. I expect the stock to gap higher on Friday due to this good news. You should watch AMZN on Friday for a possible breakout move. Resistance for this move is $97,82. The stock looks to have good potential. By a technical perspective, stock still trading in a Bullish momentum, with share price above its 20 and 50 dma. Keep an eye on Amazon for a possible breakout over $97,82.

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Melco Crown Entertainment (MPEL) had a volatile day on Thursday as the stock opened down and closed slightly higher. The stock held up well in a weak casino sector market, which is why I’m watching again on Friday. Resistance stays at $6,21, which was the high from Monday. Things to focus on technical chart is the huge spike in volume in today session. Probably It marked a trend reversal and a move to 6 level looks inevitable. Keep an eye on MPEL again on Friday.

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AIG (AIG) tried to break down on Thursday, but buyers came in to support the stock. The stock closed positive on the day and should continue this move on Friday. AIG has a four-day high of $43.60, which is resistance for the upside move. Volume indicates the stock has been under accumulation recently; another positive sign. This stock will move very quickly, so you need to watch it closely on Friday.

Other Stocks to Watch - ( Pattern is Bullish Engulfing )

WFC - WELLS FARGO & CO
CSCO - Cisco Systems, Inc.
FITB - Fifth Third Bancorp
TXN - TEXAS INSTRUMENTS INC
ORCL - Oracle Corporation
WFT - Weatherford International
DOW - DOW CHEMICAL CO
BRCD - Brocade Communications
STX - Seagate Tech
Q - QWEST COMM INTL INC
AXP - AMERICAN EXPRESS CO
RIMM - Research in Motion
SLB - SCHLUMBERGER LTD
PG - PROCTER & GAMBLE CO
HON - HONEYWELL INTERNATIONAL
JNJ - JOHNSON & JOHNSON
ZION - Zions Bancorporation
ERTS - Electronic Arts Inc.
ABT - ABBOTT LABORATORIES
DIS - DISNEY CO WALT HLDG CO
LEN - LENNAR CORP
UCBH - UCBH Holdings, Inc.
MDT - MEDTRONIC INC
XLNX - Xilinx, Inc.
ALTR - Altera Corporation
WU - Western Union
BBBY - Bed Bath & Beyond Inc.
PBCT - People’s Bank
PALM - Palm, Inc.
TOL - TOLL BROTHERS INC
LTD - LIMITED INC
MTW - MANITOWOC CO INC
HCP - HCP Inc
ABB - ABB LTD
ADI - ANALOG DEVICES INC
CNP - CenterPoint Energy Inc
URBN - Urban Outfitters, Inc.
CHS - Chicos FAS Inc
INCY - Incyte Genomics Inc.
RHI - ROBERT HALF INTL INC
EURX - Eurand NV
BX - Blackstone Group LP
SYNA - Synaptics Incorporated
RHT - Red Hat, Inc.
FSLR - First Solar Inc
ESRX - Express Scripts, Inc.
DGX - QUEST DIAGNOSTICS INC
OMX - OfficeMax Inc
HCN - Health Care REIT Inc
GBG - Great Basin Gold Ltd
CFN - Carefusion Cp
ADCT - ADC Telecommunications

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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