Monday, 23 February 2015

Top Stock Picks for the Day : Morrison (WM) Super Markets Plc


Top Stock picks of the Day Morrisons
Morrison (WM) Super Markets Plc
 
RECOMMENDATION BUY
TARGET 195
The Major trend of the top stock picks for today Morrison (WM) Super Markets Plc is sideways and it is showing strength for buying. If it moves above the resistance then one can initiate the long position in the stock. If it breaks the level of 190 upside then it can show upside movement for the target of 195 with the stop loss of 186.

 
CHART FORMATION:-
Stock is trading near its resistance and breaking above that trendline will lead to buying in the chart. Crossing the resistance will lead to upside movement. Stock is trading above the 50 & 200 DMA with positive bias.

Top Stock picks of the Day technical chart
Technical Chart

INDICATORS:-
RSI is trading near to 70.13 level with positive bias, in upcoming session upside movement is expected. Volume is also increasing as pattern is near its breakout.
MACD and Signal line is sustaining above the zero level line.