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Support at 1150 for the emini nasdaq (@nq). The Index is testing the resistance at 1250. Many are betting on a failed breakout. Next resistance at 1400. I think the market will continue the rebound...
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Filed under: Market matters, Johnson and Johnson (JNJ), Black and Decker (BDK), Procter and Gamble (PG), Gilead Sciences (GILD), Eaton Corp (ETN), Cramer on BloggingStocks
From TheStreet.com Network...
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Gilead Sciences (GILD) is working through hurdles as the stock's cup-shaped base nears completion.
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GILD is the only stock trading above the 3 moving averages (20, 50, 100).In the Figure you can see a summary of the trend conditions of the Index stocks. I used the 20, 50, 100 and 200 days moving ave...
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Gilead Sciences breaks out of a trading range with the
possibility of moving higher on analyst’s upgrades, improving profitability and
a patent infringement case against Teva Pharmaceuticals.
More.....
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