During last week of trading, there were many stocks that continued to break out to the upside. Watch Resistance & support levels Below are a list of stocks that I am watching for May 02-06, 2011.You can also check previous stocks to buy reports - Right here & Previous Weekly Stocks Pick Gainers- Right here
Las Vegas Sands Corp. (LVS)-Las Vegas Sands Corp. is trading $40-$46 last week. Las Vegas Sands Corp will have resistance level at $47 followed by $50 now. Las Vegas Sands (LVS) continues to be a buy below $38. I will trade in both side in coming days.
05/02-05/06 Weekly LVS resistance, pivot & support Pivot Point 46.37
Support S1 45.66, S2 44.31, S3 43.60
Technical Analysis Stock Charts: Chart Below
60m chart
Daily chart
Bank of America Corporation (BAC)- Bank of America Corp (BAC) will now have resistance at $13.82 which is the 200 day moving average. If Bank of America would close below $12.15 BAC stock could test under $12 area level.Next support area is $12.15 and follows by $12.This is my one top pick for 2011.
05/02-05/06 Weekly BAC resistance, pivot & support Pivot Point 12.37
Support S1 12.14, S2 12.00, S3 11.77
Technical Analysis Stock Charts: Charts Below
Daily chart
Weekly Stocks Pick Rule: When ever I buy or short stocks if that stocks go up short term quick 5-10% gain, I took profit and buy back in low price again. When ever I buy stock always have stop price. Always protect my original capital.
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