The following recommendations are made based upon the individual stock's Relative strength Index (RSI), Momentum (MTM), Moving Average Convergence Divergence (MACD), and observed support and resistance trendlines. When available, recent news may also play a critical factor in these recommendations.
Remember to do your own research before investing in any stock recommended in this newsletter or on the NVestorz.com web site, and good luck to you in your investing.
Buy Recommendation: Books-A-Million (NASDAQ:BAMM)
Last Price: $6.51
Last Volume: 51,100
RSI(14)=38.71 & RSI(7)=34.67; It appears that RSI(14) will be crossing above RSI(7) today.
MTM(10)=(1.29) & EMA(MTM)(5)=(1.24); It appears that MTM(10) will be crossing above EMA(MTM)(5) today.
MACD(26)=(0.183) & EMA(MACD)(12)=(0.0802); It apepars that MACD(26) will be crossing above EMA(MACD)(12) & DIV(9) within the next couple of days, indicating that the stock may be becoming bullish.
Trendlines -
Resistance confirmed on 09/16/09, 09/17/09, 10/01/09, 10/19/09, 10/20/09, 01/28/10
Support confirmed on 08/03/09, 11/17/09, 12/28/09, 12/30/09, 01/28/10, 01/29/10, 02/01/10
The resistance and support lines form a descending wedge meeting on 02/02/10. The pps broke above resistance between 01/08/10 and 01/25/10, then again on 02/01/10. It is my opinion that BAMM is ready to break upwards of resistance to at least $8.00.
Buy Recommendation: Citigroup, Inc. (NYSE:C)
Last Price: $3.34
Last Volume: 234,465,296
RSI(14)=44.59 & RSI(7)=42.97; RSI(14) crossed above RSI(7) on 01/28/10.
MTM(10)=(0.08) & EMA(MTM)(5)=(0.202); MTM(10) crossed above EMA(MTM)(5) 01/27/10.
MACD(26)=(0.0999) & EMA(MACD)(12)=(0.104); It apepars that MACD(26) will be crossing above EMA(MACD)(12) today, indicating that the stock will be becoming bullish.
Trendlines -
Resistance confirmed on 08/28/09, 10/13/09, 10/15/09, 12/03/09
Support confirmed on 08/04/09, 12/17/09, 01/26/10, 01/27/10
The resistance and support lines form a horizontal descending wedge meeting somewhere around 02/21/10. The pps came off the support line on 01/27/10 and is moving towards resistance which should be met within the next couple of days at around 3.49. It is my opinion that C will be making a significant change in direction within the next couple of weeks. Watch this one closely.
Disclosures: Underworlds is the username of the owner of NVestorz.com. Stocks currently held in Underworlds' portfolio are -
BAC, C, CGAQ, CHUX, DDM, DRYS, EPGL, EVFN, GDTK, GE, GGN, GRT, ISLE, LOW, LYG, MSTF, RSO, SCSS, XL, ZLC
No payment has been received by the author of this newsletter for the promotion of any stock mentioned herein.
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Tags: BAMM C BAC CGAQ DMM DRYS