Why Rain Negatively Affects the Market
As I try to push through this horrible weather, it gets harder and harder to stay active. I don’t think I have seen the sun in a week or so; nonetheless, I have managed to make the fight and find some stocks that have could see some sunshine.
Cameron International Corporation – CAM
While messing around the 52 week high, CAM should be kept a close eye on. After breaking through its resistance, with pretty significant volume, we need to see if the stock now bounces off the new support or falls back under. It took a beat in after hours, so we’ll see where it goes from there.
If it stays above $50.80, then I would buy with a target of 4 points or take what you can get under that.
FMC Technologies – FTI
FTI has experienced a strong upward trend, and it sits at a point of possibly breaking that for the better. I would buy at $79.40, with a target of 8 points.
Haliburton – HAL
I have mentioned this one several times, so you know the drill. It just keeps rising and rising.
Jaguar Mining – JAG
Took a pretty harsh beating. The three blue lines represents the different ares of support/resistance/targets. Have at it as you may.
Filed Under: Financial Markets
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