Zacks highlights commentary from People and Picks Member «inthemoneystocks».
For more Voice of the People, visit http://at.zacks.com/?id=7872
Featured Post
Japan Stocks Bounce Off Lows
Some of the leading Japanese ADR’s have bounced sharply off the intra-day session lows this morning. Often when the trading volume lightens up the major stock market indexes in the United States will trade higher.
This morning the iShares MSCI Japan Index (EWJ) traded as low as $9.11 a share at the open. Since that time the EWJ has rallied higher and is now trading at $9.71 a share which is the intra-day high. Short term traders must watch the $10.00 area as the next intra-day resistance level.
Sony Corp. (SNE) pierced the $29.00 level this morning and bounced sharply higher. Sony stock is trading around the $30.25 level at 10:43 am EST. Short term traders must watch the $31.00 level as the next important intra-day resistance area.
Toyota Motors Corp. (TM) has also bounced this morning off of the opening low which was $77.36 a share. The leading auto manufacturer stock is now trading around the $79.30 level. TM stock will have intra-day resistance around the $80.00 area. Should TM stock trade above that level the next important intra-day resistance will be around $81.85.
Nicholas Santiago
InTheMoneyStocks.com
About the Zacks Community
In 2008, Zacks Investment Research launched PeopleAndPicks.com, a stock-picking website where members of the Zacks community can test their strategies and share ideas with other members. Each user is scored on the accuracy of his or her picks, and top users are rewarded with free products from Zacks. Registration is free. To learn more about People And Picks, visit http://at.zacks.com/?id=7870
Follow us on Twitter: http://www.twitter.com/PeopleAndPicks
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3:1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it’s your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit From the Pros by going to http://at.zacks.com/?id=7867.
