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Monday, May 23, 2011

Las Vegas Sands Corp. (LVS) & Freeport-McMoRan Copper & Gold Inc. (FCX)- Weekly Stocks Pick May 23-27, 2011

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 23-27, 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 $42-$45 last week. Las Vegas Sands Corp will have resistance level at $46 followed by $49 now. Las Vegas Sands (LVS) continues to be a buy below $38. I will trade in both side in coming days.

05/23-05/27 Weekly LVS resistance, pivot & support 
Resistance R3 46.32, R2 44.80, R1 43.27
Pivot Point 41.85
Support  S 40.32, S2 38.90, S3 37.37

Technical Analysis Stock Charts: Chart Below
60m chart
Daily chart

Freeport-McMoRan Copper & Gold Inc. (FCX) - Freeport-McMoRan Copper & Gold Inc. (FCX) is still trading below $50 last few weeks. FCX is a buy below $50, strong buy below $45 any market correction.

05/23-05/27 Weekly FCX resistance, pivot & support
Resistance R3 52.54, R2 51.15, R1 49.91
Pivot Point 47.91
Support  S1 46.52, S2 44.67, S3 43.28

Technical Analysis Stock Charts: Charts Below
60m chart
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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