Charts of the Week - 6-09-2009 Portfolio - Stockpickr! Your Source for Stock Ideas

Charts of the Week - 6-09-2009

976 views

TheStreet.com Rating: D+

Rate Now:

average rating: 0.00 / 0 ratings

printer friendly

send to a friend

Created by barrons3

DESCRIPTION:

Date updated:06-10-2009

Could auto-related stocks be worth a look now that General Motors and Chrysler have filed for bankruptcy? The charts don't lie, so take a look at these interesting names in the auto complex.

JCI
Johnson Controls
$26.23
+0.81%
$25.95

Shares of Johnson Controls (JCI) are already breaking out to 1-year highs at around $22. If the stock can continue to uptrend it could be set to test the next level of resistance at around $25 a share, or possibly make a run back towards $30. Volume continues to look strong and the stock is now above both the 50-day and 200-day moving averages.

People owning JCI also tend to own: PG WEC AEO BAC CAT LOW LVLT

TheStreet.com Rating: C- What is this?

BWA
Borg Warner Inc
$31.84
+1.86%
$30.90

Keep an eye on BorgWarner (BWA) for a breakout around $36 a share. This stock has been seeing some decent up day volume and could be setting up for a run back towards the mid to upper $40s.

People owning BWA also tend to own: AAP ACS ADI BK BMC COG COH

TheStreet.com Rating: C- What is this?

DAI
Daimler Ag
$49.45
+1.85%
$48.96

Shares of Daimler AG (DAI) are pulling back towards both the 50-day ($34.60) and 200-day ($35.45) moving averages on light volume. If the stock can make find support around these areas it could make a run back towards previous resistance at around $40 a share.

People owning DAI also tend to own: AAPL AFL AIG AWK CLHB COP DIS

TheStreet.com Rating: D+ What is this?

AXL
Amer Axle&mfg Hld
$7.00
+1.60%
$6.71

American Axle & Man (AXL) looks ready to make a run back towards some previous resistance at $4.60-to-$5.00 a share. A break above those levels could allow the stock to make a move back towards $8 a share. It's worth noting that volume has been heavy for the past five trading sessions.

People owning AXL also tend to own: ALU BMY CAG CAT CFW CHS CNP

TheStreet.com Rating: D- What is this?

TRW
Trw Automotive Hl
$20.59
+4.36%
$19.66

TRW Automotive (TRW) looks ready to test some previous resistance at around $11.63 a share. If the stock breaks above that level it could head significantly higher.

People owning TRW also tend to own: DIS MSFT GGC GNTX JCI LEA TYC

TheStreet.com Rating: D What is this?

FDML
Federal-mogul Cor
$13.00
+0.78%
$12.82

Federal-Mogul (FDML) has found solid support at the 50-day moving average during May and now in June. The stock looks ready to make a move back towards some previous resistance at $12.60 a share. If it can trade through that level it could make a run towards $16-to-$17 a share.

People owning FDML also tend to own: AXL BWA DAI JCI SPAR TRW WBC

TheStreet.com Rating: C- What is this?

WBC
Wabco Holdings
$23.63
+0.64%
$23.54

Shares of WABCO (WBC) look ready to test some heavy previous resistance at around $18-to-$19 a share and the 200-day moving average of $19.10. If the stock can breakout above this overhead resistance, it could be setting up to run back towards $25 a share or even higher.

People owning WBC also tend to own: ASD CELG CSCO EMC GLW AAPL ABN

TheStreet.com Rating: C What is this?

SPAR
Spartan Motors
$5.17
+0.58%
$5.05

Spartan Motors (SPAR) just continues to run higher on strong volume. The stock has already made a huge move from $1.29 a share in February to over $11. Despite the big move, the stock looks poised to move even higher and test the next area of previous resistance at $17 a share.

People owning SPAR also tend to own: CTSH DIL GDI HBIO KIM SLW AVCA

TheStreet.com Rating: C What is this?

Charts of the Week - 6-09-2009's Blog
No Blogs Found

Comments not available

Top Do-It-Yourself Portfolios
» John Shier
» Joy
» tsamanuli Portfolio 1
» brueckenc Portfolio 1
» Fundsonly Portfolio 1
show all

Jim Cramer's Portfolios of the Week

By Roberto Pedone Posted on Nov. 6, 2009 According to Jim Cramer, the bears are tellinginvestors six lies. On Wednesday’s “Mad Money” TV show, Cramer said if you ...

11.06.09 | 15:52 PM

'Fast Money' Portfolios of the Week

By Roberto Pedone Posted on Nov. 5, 2009 The traders on CNBC’s “Fast Money” told their viewers what they must know after Warren Buffett announced on Tuesday his l...

11.05.09 | 12:05 PM

Squeezing the Shorts: Late Earni...

By Jonas Elmerraji Posted on Nov. 4, 2009 For investors who seek out short-squeeze opportunities, there’s no time as important as earnings season. Earnings are one of...

11.04.09 | 15:18 PM

Cramer's Take on Headline Stocks...

By Stockpickr Staff Posted on Nov. 4, 2009 Regardless of why a stock is in the news, it never hurts to hear what a professional investor has to say about it. The key is...

11.04.09 | 11:12 AM

General market Technical Analysi...

11.14.07 | 22:55 PM From author ZA

Banjo's Garden Pic Thread

05.10.09 | 12:33 PM From author banjoman

The Presidential/Political Thread

01.02.08 | 08:05 AM From author Dave Cox

Wealth distribution by race and ...

11.23.08 | 18:44 PM From author Valerie J

more forums