Below the three stocks to watch for Tuesday's trading. Bank of America Corporation (BAC), Goldman Sachs Group Inc. (GS) & Apple Inc. (AAPL).All 3 stocks some upside in coming days.
Bank of America Corporation (BAC) Bank of America Corp (BAC) is still trading under $10 on Tuesday but stock has support area is $8-$9.BAC will now have resistance at $10.10 which is the 9 day moving average. Bank of America is new support area is $9.50 but this is low risk bank stock.This is my one top pick for 2011.
Goldman Sachs Group Inc. (GS)-Shares of Goldman Sachs Group (GS) are under $130 and gs may found support in $120-$130s.Goldman Sachs does not have any major resistance $145-$150. Goldman Sachs is now a strong buy below $140.
Apple Inc. (AAPL)-Share of Apple Inc. (AAPL) was closed over $378 on Tuesday which is new 52 weeks high.Apple the consensus is for Apple (AAPL) to report FQ3 revenues of $25B and EPS of $5.85 today. But given the extent to which Apple has historically blown away guidance, the Street's whisper numbers could be much higher, somewhere in the area of $26.7B in revenues and $7.09 in EPS.Apple will now have resistance up at $380 & $385.Short term support level at $325 which is 200 day moving average.I think stock is buy for short term here.
Goldman Sachs Group Inc. (GS)-Shares of Goldman Sachs Group (GS) are under $130 and gs may found support in $120-$130s.Goldman Sachs does not have any major resistance $145-$150. Goldman Sachs is now a strong buy below $140.
Apple Inc. (AAPL)-Share of Apple Inc. (AAPL) was closed over $378 on Tuesday which is new 52 weeks high.Apple the consensus is for Apple (AAPL) to report FQ3 revenues of $25B and EPS of $5.85 today. But given the extent to which Apple has historically blown away guidance, the Street's whisper numbers could be much higher, somewhere in the area of $26.7B in revenues and $7.09 in EPS.Apple will now have resistance up at $380 & $385.Short term support level at $325 which is 200 day moving average.I think stock is buy for short term here.
For more Technical Analysis -Go Here
For the latest updates on the stock market, visit,
http://daytradingstock-blog.blogspot.com/
