Thursday, January 12, 2012

Bank of America (BAC) - 1/12/2012

Bank of America has recently broken out over its 100 day moving average and is riding the upper Bollinger Band towards the next resistance point of 7.35. The RSI is trending upwards and predicting a bullish divergence. MACD has also broken out over 0 (currently 0.2) which hasn't been this high since nearly a year ago.

Tuesday, January 10, 2012

Conoco Phillips (COP) - 1/10/2012

Conoco Phillips is consolidating in an upwards triangle towards 73.83. MACD is turning and the RSI is beginning to find resistance at 60. Look for a Short on a turn down or a Long on the breakout above 73.83.

Exxon Mobil (XOM) - 1/10/2012

Exxon Mobil is finding support at its prior resistance level of 85.36. The Relative Strength Index is still bullish and above 60 but the MACD looks like it might cross in a bearish manner soon. The next resistance level is 88.23 which is the high over the last year. The last time Exxon was higher than 88.23 was July 7th of 2008.

Apple (AAPL) - 1/10/2012

AAPL Testing 422.78 Breakout at Historic Resistance.

ADX has moved into UPTREND, RSI > 60, MACD moving strong

If AAPL closes above 428.78, it could use this as future support

Micron Technology (MU) - 1/10/2012

MU Testing Breakout - 200 Day MA Resistance, Trendline Resistance & Historical 6 Month Resistance