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Market Watch List
(02.28.2010)
Market Watchlist has not been updated for the week of March 8th, 2010
GY
AIB
MTU
TSFG
OSTE
XOMA
YRCW
HEB
CBAI
VSTNQ
New York Stock Exchange (NYSE) |
GenCorp Inc. (GY)
Gencorp closed just above the 10MA ($4.31) ending Friday's session, suggesting a reversal in trend and potential for uptrend movement. The market has retraced 53% since peaking just a little over three months ago, suggests oversold conditions. Volume 'picked-up' on Friday's session relative to the short retracement period seen just sessions prior.
Allied Irish Banks (AIB)
Friday's session was the first signal of trend reversal since mid-December, where the price hopped from $2.94 to $4.95/share. The key will be for the price to tackle and break past parabolic sar ($2.93), currently posing resistance.
Mitsubishi UFJ Financial Group, Inc. (MTU)
Bouncing off a 'multiple' bottom, with a positive price/volume correlation forming. Trends and patterns in the marketplace tend to repeat. "Go with the trend" to capitalize on this market.
South Financial Group Inc. (TSFG)
$0.58 poses a potential price breakout in South Financial Group's market. A gap formed between $0.58 and $0.70 in late January. Gaps not only tend to 'fill' but present investors will excellent trading opportunities.
Osteotech, Inc. (OSTE)
A textbook Cup & Handle chart pattern has taken shape. A boost in volume helped propel the breakout just a few sessions back. The key now is a breakout above the 200Ma ($3.94).
XOMA Ltd. (XOMA)
Xoma Ltd. will imply a breakout as the price surpasses ~$0.48/share. Resistance will not follow until the $0.61 area (gap). Parabolic Sar fell beneath the candles following Friday's trading session for the first time since mid-January.
YRC Worldwide Inc. (YRCW)
YRC Worldwide's market is imminent for a reversal in trend. The market is oversold but exhibiting signs of reversal such as the break above the 10ma ($0.43) and parabolic sar, which now trends underneath the candles as support (and a bullish signal).
American Stock Exchange NYSE: AMEX |
Hemispherx Biopharma, Inc. (HEB)
Hemispherx is consolidating or trading sideways. Historically, this has led to decisive price movement on unusual volume. An ascending triangle or 'wedge' pattern is maturing.
Over-the-counter (OTC) Bulletin Board (BB) |
Cord Blood America Inc. (CBAI)
Cord Blood America has fluctuated for several months, and not until recently has it begun consolidating or trading sideways. A 'wedge' or symmetrical triangle chart pattern suggests the price will break one way or the other after a lengthy period of consolidation. Parabolic Sar currently favors market longs.
Visteon Corp. (VSTNQ)
Speculation is driving Visteon's market higher. The company reported a net income in the most recent quarter, surprising vast critics. A breakdown of Visteon's chart is given here: http://timelesswealth.net/ta/visteon.html
Updated: 02.28.2010 20:40 PM EST
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