Alcoa ($16.49) has kicked off earnings season with the tone many analysts expected: Big, bright numbers that impress investors and add fuel to already bullish stock markets. But after this quarter, those eye-popping earnings gains may become harder to find.
Also, customize BigCharts and look at the weekly chart for Alcoa.
Take a look at the 3 year chart. The 50 day moving average is set to cross the 200 day moving average. I like the candlestick pattern and would set the stop loss at $30 and target $38 to sell the stock.
Take a look at the the 3 year chart. This is not a spectacular chart but the stock is moving up. I would like to see this chart break $20 which is major resistance.
Pfizer Inc., the world’s largest drugmaker, is one of Barron’s top 10 stock picks for 2011 — even though the company’s shares fell nearly 4% last year.
Notice on the 1 year chart ( as of January 10, 2011) that the stock is consolidating in the $18.00 to $18.50 range. Look for a break at $18.50 to add to your position.
These are the dogs for 2011. Can you hear the bark?
BMO is in a consolidation phase: the intermediate trend is sideways. The first support level is $58 and major support is $56 for Bank of Montreal. The stock will meet resistance at $62.00 with major resistance at $64.00.
Bank of Montreal - Weekly Chart
Take a look at the three year chart.
Take a look at the one year chart.