This is a major coal mining company in the US. Coal stocks are moving up due to the projected demand in China for metallurgical coal.
Take a look at the 3 year chart. This is the start of a classic chart pattern with a break at $25 which is major resistance. Now the stock must hold above $25. An important concept in technical analysis is support and resistance. Once a stock breaks resistance; the price point becomes support. In the case of Patriot Coal, $25 is now major support; and I will sell the stock if it does not hold this price point.
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 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.