London Stock Pick for Tuesday, February 10 2015

Jupiter Fund Management Plc

RECOMMENDATION BUY

TARGET 396

The Major trend of Jupiter Fund Management 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 386.50 upside then it can show upside movement for the target of 396 with the stop loss of 378.

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CHART FORMATION:-

Stock is expecting for breakout of level line and buying can be seen in the chart. Crossing the resistance will lead to upside movement. Stock is trading above the 200 & 50 DMA with positive bias.

Technical Chart

INDICATORS:-

RSI is trading near to 62.21 level with positive bias, in upcoming session upside movement is expected.

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

UK Stock Market Analysis and Stock Pick of the Day

MARKET OVERVIEW

Weakness in the resource sectors limited gains in London on Monday, though equity markets still managed to register their fifth straight day of gains as investors readied themselves for the Christmas break.The FTSE 100 finished 0.5%higher at 6,577, but pulled back after reaching a high of 6,620.95 earlier on. It has not exceeded this level since 8 December when it closed at 6,672.15.The FTSE has rally during the session on Monday, but turned back around as the 6600 level is far too much in the way resistive.Market can show short term correction any pull back rally will be buying opportunity and market can be headed towards 6900 levels.

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TOP GAINER

Name	Close Price	Change %
Enterprise Inns	110	2.8
Compass Group	1107	1.93
Bae Systems	471.3	1.86
Kingfisher	330.1	1.82
Johnson Matthey	3410	1.76

TOP LOSER

Name	Close Price	Change %
Tesco Plc	181	-2.37
Bg Group	886.1	-1.69
Anglo American	1173.5	-1.63
Rsa Insur Grp	445.2	-0.98
Antofasta	738.5	-0.81

UK Stock Pick of the Day : WH Smith Plc Ord 

 

RECOMMENDATION BUY

TARGET 1430

The Major trend of WH Smith Plc Ord is bullish and it's consolidating near to resistance level at higher level with positive bias can show northward journey .One can initiate long position in the stock above the level of 1340 with the stop loss of 1290 for the target of 1430.

CHART FORMATION:-

Stock is showing consolidation at higher level crossing of resistance level can show upside movement

It's trading above 50 & 200 DMA with positive bias.

INDICATORS:-

RSI is trading above the level of 50 and showing consolidation , Breaching of the resistance level can manage to test further high.

MACD and Signal line is manages to give break out above zero level line sustaining above it can sjow upside movement.

UK Stock Market Last Session's Overview

London Stock Exchange

London shares closed comfortably in positive territory on Tuesday on upbeat economic news and strong corporate results.The FTSE 100 Index closed 37.16 points ahead at 6709.13 as UK house prices reached a new high in September, according to data from the Office of National Statistics (ONS). The FTSE as you can see broke higher during the course of the day on Tuesday, breaking the level of 6700 For upcoming Session market is bullish, and short term correction is expected. It can go higher and probably aim for the 6900 level,with the support of 6600 .

TOP GAINER

Name	Close Price	Change %
Tullow Oil	475	3.01
British Sky Broadcasting Group	890	2.52
Randgold Resources Ltd	4428	2.44
Sports Direct International	651	2.32
Burberry Group	1586	2.07

TOP LOSER

Name	Close Price	Change %
Rio Tinto	3004	-1.77
Reckitt Benckiser Group	5230	-1.69
Ashtead Group	1048	-1.6
Standard Chartered	924.2	-1.29
Easy Jet	1525	-1.23

   Stock pick of the day : Tesco Plc

RECOMMENDATION BUY

TARGET 210

The primary trend of Tesco Plc is bearish and it's consolidating near to resistance level crossing of the resistance can show northward journey .Stock is sustaining above the trend line with positive bias, crossing of the psychological level of 198 it can show fresh buying .One can initiate long position in the stock above the level of 198 with the stop loss of 194 for the target of 210.

CHART FORMATION:-

Stock has given the break out of falling trend line and forming bullish pattern breaching of the level 2000 it can show upside movement.

It's trading above the 50 DMA &facing resistance from 200 DMA with the positive bias.

INDICATORS:-

RSI is trading above the 50 level and showing consolidation , crossing of 60 level it can test the level of 70.

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

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 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

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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.

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.

UK stock pcik of the day : Imperial Tobacco plc

UK stock pick of the day

RECOMMENDATION BUY

TARGET 2778

The primary trend of Imperial Tobbacco Plc is side ways and from last few trading session stock is showing strength for buying and looking strong on charts.Stock is managing to trade above 50 DMA and facing resistance from 200 DMA , crossing of near resistance level i.e. 2685 with sl of 2645 for the target of 2778.

CHART FORMATION:-

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

It's facing resistance from 200 DMA breaching of the 200 DMA can test the level of 2778.

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 ia about to give the break out above negativeDI with positove bias.

MACD & Signal Line is managing to trade above zero level line.

FTSE stock pick of the day

Coca Cola Hbc Ord

RECOMMENDATION BUY

TARGET 1399

The primary trend of Coca Cola Hbc Plc is side ways and from last few trading session stock is showing strength for buying and looking strong on charts.Sto ck is showing buying from dips and facing resistance from the falling trend line breaching of it can show upside movement .One can make a long position in the stock above the level of 1345 with sl of 1315 for the target of 1399.

CHART FORMATION:-

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

It's facing resistance from 200 DMA breaching of the 200 DMA can test the level of 1399.

U.K. Stock pick of the day

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 has given the break out above negative DI which is confirm strength in the buying side.

FTSE Stock of the day : Coca Cola Hbc Ord

U.K. stock pick of the day

RECOMMENDATION BUY

TARGET 1399

The primary trend of Coca Cola Hbc Plc is side ways and from last few trading session stock is showing strength for buying and looking strong on charts.Sto ck is showing buying from dips and facing resistance from the falling trend line breaching of it can show upside movement .One can make a long position in the stock above the level of 1345 with sl of 1315 for the target of 1399.

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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.

It's facing resistance from 200 DMA breaching of the 200 DMA can test the level of 1399.

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 has given the break out above negative DI which is confirm strength in the buying side.

U.K. stock pick of the day : Reed Elsevier Plc

RECOMMENDATION Sell

The secondary trend of Intermediate Reed Elsevier 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 970 with Stop loss of 1000 for the target of 912

CHART FORMATION:-

Stock is consolidating with negative bias breaching of the support level can show the down side movement.

It's managing to trade below 50 DMA and facing support from 200 DMA breaching of the 200 DMA can show further negative movement.

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.

U.K. stock pick of the day : Betfair Group Plc

U.K. Stock pick of the day

RECOMMENDATION BUY

TARGET 1144

Betfair Group Plc is looking strong on charts for buying .The over all trend of stock is bullish and it has manages to give the break out above the trend line and sustain above that with positive bias.In upcoming session it can show upside movement after crossing of the resistance level at 1101 it can test the level of 1144 with the stop loss at 1080.

CHART FORMATION:-

Stock has given the break out of trend line and forming flag pattern which is continuation pattern crossing of the neck line it can give the target of pole.i.e 1144.

It's managing to trade above 50 DMA and 200 DMA with positive bias.

INDICATORS:-

RSI is trading above the level of 50 and looking further bullish and facing resistance at 57 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.

U.K. stock pick of the day : Intermediate Capital Group Plc

UK 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.

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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.

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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