Below the three stocks to watch for Thursday'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) will now have resistance at $13.88 which is the 200 day moving average. If Bank of America would close below $13 now BAC stock could test $12 area level.This is my one top pick for 2011.
Goldman Sachs Group Inc. (GS)- Shares of Goldman Sachs Group (GS) are back near $150 now because company reported good earning but stock get downgraded.Goldman Sachs does not have any major resistance until $175.50 area need to watch now. Goldman Sachs is now a strong buy below $150.
Apple Inc. (AAPL)-Share of Apple Inc. (AAPL) is rebound from $320 level on Monday. Apple will now have resistance up at $343 & $354.Short term support level at $320.I think stock is buy for short term here.AAPL has excellent management and a great vision for the future. If Apple stock ever falls below $300 again, I will take a new long position.I feel Apple will hit $400 sometime in 2011.Apple will again be a hot technology stock in 2011.
Goldman Sachs Group Inc. (GS)- Shares of Goldman Sachs Group (GS) are back near $150 now because company reported good earning but stock get downgraded.Goldman Sachs does not have any major resistance until $175.50 area need to watch now. Goldman Sachs is now a strong buy below $150.
Apple Inc. (AAPL)-Share of Apple Inc. (AAPL) is rebound from $320 level on Monday. Apple will now have resistance up at $343 & $354.Short term support level at $320.I think stock is buy for short term here.AAPL has excellent management and a great vision for the future. If Apple stock ever falls below $300 again, I will take a new long position.I feel Apple will hit $400 sometime in 2011.Apple will again be a hot technology stock in 2011.
For the latest updates on the stock market, visit,
http://technicalanalysis-blog.blogspot.com/
