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 9-13, 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.
05/09-05/013 Weekly LVS resistance, pivot & support Pivot Point 44.62
Support S 41.00, S2 38.71, S3 35.09
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.
05/09-05/13 Weekly BAC resistance, pivot & support Pivot Point 12.10
Support S1 12.10, S2 11.89, S3 11.59
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.
For the latest updates on the stock market, visit,
http://technicalanalysis-blog.blogspot.com/
