Comerica Intraday: further upside.
Pivot: 40.30
Our preference: long positions above 40.30 with targets @ 43.20 & 44.20 in extension.
Alternative scenario: below 40.30 look for further downside with 38.75 & 37.50 as targets.
Comment: the RSI is bullish and calls for further advance.
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Huntington Bancshares Intraday: further upside.
Pivot: 10.00
Our preference: long positions above 10.00 with targets @ 10.50 & 10.75 in extension.
Alternative scenario: below 10.00 look for further downside with 9.83 & 9.70 as targets.
Comment: the RSI is bullish and calls for further upside.
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Energy Select Sector SPDR ST: above its upper Bollinger band
Our pivot point is at 63.6.
Our preference: the upside prevails as long as 63.6 is support.
Alternative scenario: the downside breakout of 63.6 would call for 61.4 and 60.
Comment: the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day MA (respectively at 62.61 and 60.48). Finally, Energy Select Sector SPDR is trading above its upper Bollinger band (standing at 66.03).
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Financial Select Sector SPDR ST: above its upper Bollinger band
Our pivot point stands at 22.9.
Our preference: the upside prevails as long as 22.9 is support.
Alternative scenario: below 22.9, expect 22.3 and 22.
Comment: the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at 22.59 and 22). Finally, Financial Select Sector SPDR has crossed above its upper daily Bollinger band (23.41).
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UnitedHealth Group ST: above its upper Bollinger band
Our pivot point is at 128.
Our preference: the upside prevails as long as 128 is support.
Alternative scenario: the downside breakout of 128 would call for 124.4 and 122.1.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at 128.56 and 123.79). Finally, UnitedHealth Group is trading above its upper Bollinger band (standing at 132.25). UnitedHealth Group is currently trading near its 52 week high reached at 135.11 on 20/04/16.
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Johnson & Johnson ST: the RSI is overbought
Our pivot point is at 111.8.
Our preference: the upside prevails as long as 111.8 is support.
Alternative scenario: the downside breakout of 111.8 would call for 110.1 and 109.2.
Comment: the RSI is above 70. It could mean either that the stock is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day MA (respectively at 109.58 and 107.14). Finally, Johnson & Johnson has crossed above its upper daily Bollinger band (112.38). Johnson & Johnson is currently trading near its 52 week high reached at 114.19 on 20/04/16.
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China Telecom (ADR) ST: gap
50.5 is our pivot point.
Our preference: as long as 50.5 is support look for 57.
Alternative scenario: below 50.5, expect 48.3 and 46.9.
Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is below its 20 day MA (53.14) but above its 50 day MA (50.55).
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Huaneng Power (ADR) ST: gap
Our pivot point stands at 35.5.
Our preference: under pressure below 35.5.
Alternative scenario: the upside breakout of 35.5 would call for 37.7 and 39.1.
Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day MA (respectively at 35.06 and 33.72).
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