Category Archives: Stocks

Rating Upgrades

Adobe Systems raised to Buy from Neutral at BofA Merrill.

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.

GE raised to Buy from Neutral at UBS.

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.

BMO support is $58 with major support at $56

Short-term target is $62.00.

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

Bank of Montreal - Weekly Chart

Take a look at the three year chart.

Take a look at the one year chart.