Stock Pick of the Day for Thursday, February 05 2015 : Barclays Plc

 

RECOMMENDATION BUY

TARGET 260

The Major trend of Barclays 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 250 upside then it can show upside movement for the target of 260 with the stop loss of 254.

CHART FORMATION:-

Stock is showing sign for reversal from downside in it. Crossing the resistance will lead to upside movement. Stock is trading above the 200 & 50 DMA with positive bias.

INDICATORS:-

RSI is trading near to 62 level with positive bias, in upcoming session upside movement is expected. Volume is also on higher side only.

MACD and Signal line is sustaining above the zero level line.

UK stock pick of the day : Smith & Nephew Plc

UK stocks rebounded on Thursday, heading for their highest close in over six weeks, as markets shrugged off disappointing economic data in China and were buoyed by speculation that policymakers will take action to avert a global slowdown.The FTSE 100 was up 0.3% at 6,634 by midday - it has not closed above this level since 29 September when it settled at 6,646.6.RSI is managing to sustain above 50 level with positive bias, For upcoming session if index manages to consolidate above 6600 level crossing of 6650 level it can show upside movement till 6900 with the support of 6400.

Stock of the Day

RECOMMENDATION BUY

TARGET 1185

The primary trend of Smith & Nephew Plc is bullish and it's consolidating near to resistance level crossing of the resistance can show northward journey. Stock is trading with positive bias and facing resistance from the trend line, crossing of it can test the level of 1185. One can initiate long position in the stock above the level of 1075 with the stop loss of 1035 for the target of 1185.

CHART FORMATION:-

Stock is showing consolidation and sustain at higher level with positive bias.

It's 50 DMA has given the break out above it's 200 DMA which is indicating strength in the stock.

Technical Chart

INDICATORS:-

RSI is trading near to level of 70and showing consolidation, Breaching of the resistance level can manage to test further high.

In ADX, Positive DI is placed above negative which is indicating strength for buying.

Macd & Signal line is about to give break out above Zero level line which is indicating strength in the stock.

London Stock Pick of the Day : St. Jame's Place Plc

Stock Pick of the Day

RECOMMENDATION BUY

TARGET 795

The primary trend of St. Jame's Place Plc is bullish and it managing to sustain at higher level with positive bias. Stock is managing to consolidate near to resistance level crossing of the resistance can show northward journey. One can initiates the long position in the stock above the level of 755 with the stop loss of 730 for the target of 795.

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CHART FORMATION:-

Stock is showing consolidation and sustain at higher level with positive bias.

It's 50 DMA has given the break out above 200 DMA which is indicting strength in the stock.

Technical Chart

 

INDICATORS:-

RSI is trading near to the level of 50 and showing consolidation, Breaching of the resistance level can manage to test the level of 70.

In ADX, Positive DI is placed above negative which is indicating strength for buying.

Macd & Signal line is about to give break out above Zero level line which is indicating strength in the stock.

London Stock Market Overview and Stock Pick

The FTSE 100 Index closed 16.09 points to the good at 6567.24. In economic news, September German trade data improved with an increase in Berlin's current account balance to €22.3bn compared with €10.3bn in August.The FTSE showed upside movement through out the week but at the end of session showed profit booking.RSI is managing to trade above 50 level and In ADX is trading above 25 level with positive DI has given break out above negative DI with positive bias.For upcoming session if Index can give break out above the 6600 level on daily charts , it can test the level of 6900 with the support of 6400 .

TOP GAINER

Name	Close Price	Change %
Bhp Billiton	1676	2.95
Anglo American	1364.5	2.67
Capita	1103	2.51
Rio Tinto	3039	2.41
Bg Group	1049.5	2.34

TOP LOSER

Name	Close Price	Change %
Rentokil Initial	116	-5
Rsa Insur Grp	446.2	-3.02
Morrison Supermkts	168.4	-2.38
Man Group	129.3	-1.97
Royal Bk Scotl Gr	374.9	-1.52

Stock Pick of the day : Essentra Plc

RECOMMENDATION Sell

TARGET 653

STOCK SUMMARY:

The short term trend of Essntra Plc is b but from last few trading session it's showing selling pressure and not managing to sustain at higher level. Stock is facing support from the rising trend line and consolidating near to it, breaching of it can show downside movement.One can initiate the short position in the stock below the level of 693 for the target of 653 with stop loss of 620.

CHART FORMATION:-

Stock is looking weak on chart and forming rising wedge pattern .Breaching of the wedge pattern can show downside movement.

Stock is managing to trade below 50 DMA and facing support from 200 DMA Breaching of it can show downside movement.

Technical Chart

INDICATORS:-

RSI is trading below the level of 50 with negative bias & given the break out of rising trnd line which indicating the down side movement in the stock.

In ADX , Negative DI has given the break out of positive DI which is indicating weakness in current trend.

Slow line has given the break out above fast level line with negative bias and about to give break out below zero level which showing selling pressure in the stock.

London stock pick of the day : Arm Holding Plc

Stock of the day

RECOMMENDATION BUY

TARGET 940

The primary trend of Arm Holding Plc is bearish but it has shown recovery from bottom and manages to trade above 50 DMA .Stock is showing strength in buying from last few trading session and trading with positive bias.One can initiates the long position in the stock after crossing of falling trend line at 886 it can test the level of 940 with the stop loss of 860.

 

CHART FORMATION:-

Stock is forming falling wedge pattern and trading in the pattern crossing of the trend line can show northward journey.

Stock is sustaining above 50 DMA and crossing of the resistance level and crossing 200 Dma can show further upside movement

Click to enlarge

INDICATORS:-

RSI is trading near to the level of 50 and showing consolidation , Breaching of the resistance level can manage to test the level of 70.

In ADX is trading above 25 level , Positive DI is placed above negative which is indicating strength for buying.

Macd & Signal line is trading above Zero level line which is indicating strength in the stock.

UK stock market overview and stock pick of the day

 

The falling price of crude oil and precious metals left markets struggling to get a grip on Tuesday. The price of a barrel of US light crude fell nearly 3% to about $76.5 a barrel and Brent crude dipped below the$83 mark, dragging the FTSE 100 Index down 34 points at 6453.97. If Index can break above the 6600 level, this market will then go to the 6900 level and given enough time for it with 6400 level is proving to be good support level. FTSE 100 is trading in narrow range of 6430-6510 consolidating in a range.

TOP GAINER

Name	Close Price	Change %
Man Group	129.8	5.19
Associat Brit Food	2783	4.19
Imperial Tobacco	2777	4.12
Legal & General	235.2	1.99
Dly Mail & Gen Tst A	806.13	1.72

TOP LOSER

Name	Close Price	Change %
Bg Group	999.1	-3.56
Bp	430.4	-3
William Hill	354.3	-1.58
Bae Systems	451	-1.46
Bt Group	362.2	-1.39

Stock pick of the day : Petra Diamonds Limited Ord Plc

 

RECOMMENDATION BUY

TARGET 176

The primary trend of Petra Diamonds Limited Ord Plc is bearish but from last few trading session it is not managing to sustain at lower level and showing strengtg for buying.For upcoming session it is looking strong and consolidating near to resistance level i.e. 170 crossing of it can give the target of 176 with the stop loss of 166 .

CHART FORMATION:-

Stock is trading with near to resistance level and consolidating with positive bias crossing of resistance can show northward journey.

Stock is sustaining above 50 DMA and crossing of the resistance level it can test the level of 200 DMA.

INDICATORS:-

RSI is trading near to the level of 50 and showing consolidation , Breaching of the resistance level can manage to test the level of 70.

In ADX is trading above 25 level , Positive DI is placed above negative which is indicating strength for buying.

Macd & Signal line is trading above Zero level line which is indicating strength in the stock.

UK stock pick of the day : Spirax – Sarco Engineering Plc

UK stock pick of the day

RECOMMENDATION  : BUY
TARGET                     : 2990

The primary trend of  Spirax – Sarco enginerring Plc is  side ways and it has given the break out of falling trend line and managing to sustain above it positive bias.From last week it is consolidating near to resistance level with positive bias. Stock is looking strong for upcoming session  as it has given the break out of 2820 and sustains above that after crossing of the strong resistance i.e. 2860  it can test the level of 2990 with the stop loss if  2790.

CHART FORMATION:-

Stock is trading with near to resistance level and consolidating with positive bias crossing of resistance can show northward journey.
Stock is sustaining above 50 DMA  and 200 DMA with positive bias.

Technical chart

INDICATORS:-

RSI is trading near to the level of 50 and showing consolidation , Breaching of the resistance level can manage to test the level of 70.
In ADX is trading above 25 level , Positive DI is placed above negative which is indicating strength for buying.
Macd & Signal line is  trading above Zero level line which is indicating strength in the stock.

FTSE stock pick of the day : Cobham Plc

FTSE stock pick of the day

RECOMMENDATION BUY

TARGET 286

The primary trend of the stock is Bearish and from last few trading session stock is showing strength for buying and looking strong on charts. Stock is trading with support from the falling tren d line and manages to sustain above the trendline with positive bias.Stock is facing immediate resistance from the level of 279 crossing of it can show fresh buying and it can test the level of 286 after crossing it's 200 DMA at 283 with the stop loss of 274.

CHART FORMATION:-

Stock is trading with support of falling trend line and forming ascending triangle crossing of the level line can show upside movement.

Stock is sustaining above 50 DMA and facing support from 200 DMA crossing of it can show upside movement.

Click to enlarge

INDICATORS:-

RSI is trading near to the level of 50 and showing consolidation , Breaching of the resistance level can manage to test the level of 70.

In ADX , Positive DI is placed above negative with positive bias.

Macd & Signal line is trading above Zero level line which is indicating strength in the stock.

UK stock pick of the day : Victrex Plc Ord

FTSE stock pick of the day

RECOMMENDATION BUY

TARGET 1740

The primary trend of Victrex Plc Ord is Bearish and from last few trading session stock is showing strength for buying and looking strong on charts. Stock is facing support from the level 1580 sustaining above that can show northward journey.One can initiate the long position in the stock above the level of 1640 with Sl 1580 for the target 1740.

CHART FORMATION:-

Stock is trading with support of falling trend line and facing resistance from the level of 1640 crossing of it can show northward journey.

Stock is sustaining above 50 DMA and facing support from 200 DMA crossing of it can show upside movement.

INDICATORS:-

RSI is trading near to the level of 50 and showing consolidation , Breaching of the resistance level can manage to test the level of 70.

In ADX , Positive DI is placed above negative with positive bias.

Macd & Signal line is trading above Zero level line which is indicating strength in the stock.

FTSE stock pick of the day : Victrex Plc Ord

FTSE stock pick of the day : Victrex Plc Ord

RECOMMENDATION BUY

TARGET 1740

The primary trend of Victrex Plc Ord is Bearish and from last few trading session stock is showing strength for buying and looking strong on charts. Stock is facing support from the level 1580 sustaining above that can show northward journey.One can initiate the long position in the stock above the level of 1640 with Sl 1580 for the target 1740.

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CHART FORMATION:-

Stock is trading with support of falling trend line and facing resistance from the level of 1640 crossing of it can show northward journey.

Stock is sustaining above 50 DMA and facing support from 200 DMA crossing of it can show upside movement

Technical Chart

INDICATORS:-

RSI is trading near to the level of 50 and showing consolidation , Breaching of the resistance level can manage to test the level of 70.

In ADX , Positive DI is placed above negative with positive bias.

Macd & Signal line is trading above Zero level line which is indicating strength in the stock.

FTSE Stock Pick for Tuesday : Polymetal International Plc

FSTE stock pick of the day

RECOMMENDATION BUY

TARGET 540

The primary trend of Polymetal International Plc is bullish and from last few trading session stock is showing strength for buying and looking strong on charts.Stock is facing support from the level 468 sustaining above that can show northward journey.One can initiate the long position in the stock above the level of 500 with Sl 465 for the target 540.

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CHART FORMATION:-

Stock has managing to trade with positive bias and consolidating near to resistance level crossing of it can show northward journey.

Stock is sustaining above 50 DMA & 200 DMA with positive bias.

INDICATORS:-

RSI is trading near to the level of 50 and showing consolidation , Breaching of the resistance level can manage to test the level of 70.

In ADX is trading near to25 level , Positive DI is about to give the break out above negative DI with positive bias.

FTSE stock pick of the day : Intermediate Capital Group Plc

FTSE stock pick of the day

RECOMMENDATION Sell

TARGET

The secondary trend of Intermediate Capital Group Plc is Bullish and from last few trading session it's showing selling pressure and did not manages to sustain at higher level.Stock is facing support from rising trend line , breaching of it can show side movement one can initiates the short position in the stock below the level of 390 with Stop loss of 401 for the target of 370.

 

CHART FORMATION:-

Stock has forming inverted flag pattern breaching of the neck line it can give the target of pole.

It's managing to trade below 50 DMA & 200 DMA , it's 200 DMA is about to give cross over above 50 DMA which is confirming selling in the stock.

 

INDICATORS:-

RSI is trading below the level of 50 and consolidating with negative bias.

MACD & Signal line is manages to sustain below zero level line with negative bias.

ADX, Negative DI is sustaining above the positive DI which is indicating weakness in the stock.

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