Stock Picks For Monday: Citigroup, JDS Uniphase And General Electric

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JDS Uniphase (JDSU) gapped higher on Friday, as the company released good earnings after Thursday’s close. The stock hit a high of $6.56, which is resistance for the follow through move. From a technical perspective, the stock reversed strongly to move to my short-term resistance at 6.50. The short-term outlook for JDS Uniphase appears positive. The stock could touch an upside target of $7 in the medium term. Some technical indicators are really giving Bullish indications with MACD on top of 0 and K line on top of D line. For the short-term the stock should still continue to go up.

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General Electric (GE) was one of the few strong stocks on Friday, as it closed up $0.90 on the day. Oppenheimer and Bernstein upgrade the stock to “outperform. GE showed a lot of strength and I expect to see another round of buying. Resistance is $15.49, which was Friday’s high of the day. If you watched the stock on Friday, you saw the buying for most of the day. The stock broke out today on higher volume above a major resistance point. If this chart does what is supposed to do, it will be going higher in the days to come. At the moment, there is no reason to sell the stock. Hold with a stop-loss at 15. Keep watching the stock and expect to see another upside move soon.

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Citigroup (C) has spent the past two sessions sitting on short-term support. The stock should make a move soon, and it looks like it wants to go higher. Resistance for Monday’s move is $4.11. Citigroup is a volatile stock, so use your stops if the breakout does not hold up.

Other Stocks to watch - ( Pattern is Bullish Engulfing )

NOK - NOKIA CORP
SNV - SYNOVUS FINANCIAL CORP
CNQ - Canadian Natural Resources
CELG - Celgene Corporation
BVF - BIOVAIL CORPORATION
UNM - UNUM GROUP
EXPD - Expeditors International
MFC - MANULIFE FINANCIAL
NDAQ - NASDAQ OMX Grp
GOLD - RANDGOLD RESOURCES
MTZ - MASTEC INC
SGY - STONE ENERGY CORP
FTBK - Frontier Financial
AAP - ADVANCE AUTO PARTS INC
EWBC - East West Bancorp
CCI - Crown Castle International
SNIC - Sonic Solutions
GES - GUESS INC
HSY - Hershey Corp
NWBO - Northwest Biotherapeutics
SHLD - KMart Corp
WPI - WATSON PHARMACEUTICALS
EMKR - EMCORE Corporation
CAB - Cabelas Inc
WBMD - Webmd Health Crp
BYI - Alliance Gaming
DBD - DIEBOLD INC
NTRI - Nutri/System Inc
NKTR - Nektar Therapeutics
JAKK - JAKKS Pacific, Inc.
BAS - BASIC ENERGY SERVICES
CHD - CHURCH & DWIGHT CO INC
SWI - SolarWinds
FFBC - First Financial
ACGL - Arch Capital Group Ltd
TII - Telmex Internacional
DPD - DOW 30 Pre Div
DDRX - Diedrich Coffee
GU - Gushan Environmental
BAP - CREDICORP LTD
CAJ - Canon Inc
SYKE - Sykes Enterprises
SWWC - Southwest Water
MNRO - Monro Muffler Brake
SNTS - SANTARUS INC

Other Stocks to Watch - ( Pattern is Bearish Engulfing )

AMNP - American Sierra
RGC - Regal Entertainment
CPST - Capstone Turbine
UVE - Universal Insurances
HSIC - Henry Schein, Inc.
SSCCQ - Smurfit-Stone
UXG - US Gold Corp
ETR - ENTERGY CORP HLDG CO
FUN - CEDAR FAIR L P 6
CMVT - Comverse Technology
ARRY - Array BioPharma Inc
NVD - Novadel Pharma Inc
ICLR - ICON plc
FSIN - Fushi Copperweld
JSDA - Jones Soda Co
WNC - WABASH NATIONAL CORP
TRAD - TradeStation Group Inc
MGI - MONEYGRAM INTL INC
DPZ - DOMINO’S PIZZA INC
EPB - EL Paso Pipeline
GTCB - GTC Biotherapeutics
IRDM - Iridium Comm Inc
WPRT - Westport Innovations
NYMT - NEW YORK MORTGAGE
DIGA - Digital Angel Co

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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