Stock pick of the day : Amlin Plc

Stock pick of the day : Amlin Plc

 

RECOMMENDATION BUY

TARGET 464

Amlin Plc is consolidating near to resistance level.The major trend of stock is bearish and it's showing reversal in the stock as from last few trading session it's managing to trade in positive territory and gaining strength for buying by showing accumulation with good volumes.In near future crossing of the resistance level i.e. 451 it can show the tgt of 464 with stop loss at 445.

CHART FORMATION:-

Stock has forming double bottom and showing trend reversal crossing of resistance level it can show the level of 464 as falling trendline will act as resistance level.

It's managing to trade above 50 DMA and facing resistance from 200DMA once can book profit till the 200 DMA.

INDICATORS:-

RSI is trading above the level of 50 and looking further bullish and facing resistance at 62 crossing of it can test the level of 70.

Fast line has given the break out above slow line and it's sustains above the zero level.

ADX is trading above 25 level, Positive Di has given the break out above negative DI which is indicating upside movement.

Top gainers and Top losers : UK stock market

Top gainers and Top losers : UK stock market

 

TOP GAINER

Name	Close Price	Change %
Enterprise Inns	125	4.17
Astrazeneca	4567	1.95
Rsa Insur Grp	485.2	1.91
Imperial Tobacco	2627	1.47
Hays	133.5	1.21

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TOP LOSER

Name	Close Price	Change %
Tesco Plc	229.95	-6.64
Morrison Suppermkts	177.5	-5.03
Sainsbury	290.3	-4.35
Marks & Spencer	429.9	-1.87
Renotkl Intials	126.8	-1.63

UK stock market overview

 
UK stock market overview

The biggest London-listed stocks ended the week on an upbeat note after 

data-heavy session around for the UK, the Eurozone and the US.

The FTSE 100 closed 13.95 points at 6,819.75. Data out in the UK 

showed that while British consumer confidence rose this month, 

rises are starting to flatten out and people are uncertain about their prospects.

The FTSE rose during the course of the previous week, but  coming upon the 

6900 resistance barrier.

With that,  don not get long of this market right now,  either a pullback is 

coming, or simply stall at the 6900 level Crossing of 6900 level can show the 

level of 7000 with RSI is sustain above 60 level with trading above 50 DMA & 

200 DMA .

 

 

UK Stock pick of the day : CSR Plc

RECOMMENDATION : BUY
 
TARGET     895
 
CSR Plc  is consolidating with support of falling trend line and managing to trade above 200 DMA & 50 DMA.The major trend of stock is bearish and it's showing reversal in the stock as from last few trading session it's managing to trade in positive territory and gaining strength for buying by showing accumulation with good volumes.In near future crossing of the resistance level i.e. 590 it can show the tgt of 660 with 50 DMA acting as good stop loss level at 550.

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CHART FORMATION:-
 
Stock has showing consolidation with support of the falling trend line, and forming flag pattern which is indicating crossing of  the neck line it can give tgt of pole
It's managing to trade above 50 DMA & 200 DMA which is indicating strength in the stock.

INDICATORS:-
 
RSI is trading above the level of 50 and looking further bullish and facing resistance at 60 crossing of it can test the level of 70.
Fast line has given the break out above slow line and it's sustains above the zero level.

Top gainers and losers of UK stock market

TOP GAINER

Name	Close Price	Change %
Man Group	121.5	3.14
Morrison Suppermkts	184.4	1.43
Associat Brit Foods	2908	1.29
Antofagasta	808	1.19
Dly Mail & Gen Tst A	876.01	1.16

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TOP LOSER

Name	Close Price	Change %
Hays	129.4	-2.93
Sainsbury	304.2	-2.59
United Utilities Gr	896.5	-1.27
Kingfisher	305	-1.23
Tate & Lyle	680.5	-1.16

UK Stock market overview

The FTSE closed just marginally above its opening level on Wednesday as investors responded to a drop in German consumer confidence, almost flat trading in the US and expectations for the next day's session, which is due to be significantly move data-heavy.

Coming off a sharp dip seen late afternoon, the FTSE 

ultimately closed 7.9 points higher at 6,830.66.

Index has managing to give closing above 6800 level and indicating it in near upside movement is expected once it manage to cross the level 6900 it can test the level 7000 as  it's sustain above above 50 DMA & 200 DMA with positive bias, It has managing to give closing above zero level line with MACD & Signal line sustain above that which is indicating further upside movement.  

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UK Stock pick of the day : Euro Money Institution Investment

UK Stock pick of the day

RECOMMENDATION : BUY

TARGET 895

Euro Money Instiution Invesment is consolidating with support of falling trend line and facing resistance of it's 200 DMA crossing of it can show upside movement .The major trend of stock is bearish and it's showing Bounce back from the bottom one can make long position with the strategy of buying from bottom .Stock has gaining strength for buying by showing accumulation with good volumes crossing of the resistance level i.e. 1115 it can show the tgt of 1200 with 50 DMA acting as good stop loss level at 1160.

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CHART FORMATION:-

Stock has showing consolidation with support of the falling trend line, crossing of it can show upside movement.

It's managing to trade above 50 DMA & facing resistance from 200 DMA i.e 1115 crossing of it can show the level of 1200.

INDICATORS:-

RSI is trading above the level of 50 and looking further bullish and facing resistance at 62 crossing of it can test the level of 70.

Fast line has given the break out above slow line and it's sustains above the zero level line with the positive bias.

DI has trading above 25 level, positive DI is about to give break out above negative DI which is indicating strength in the stock for buying.