Technical Setups: Winn-Dixie, Regal-Beloit
BALTIMORE (Stockpickr) -- Details on GM's IPO are the day's big market news, attracting attention from major financial outlets and from retail investors eager to get in on an offering of the Detroit auto giant's shares. On Thursday, shares of GM will begin trading again on the NYSE and TSX in one of the highest-profile IPOs of the year.
It's also one of the most popular. Estimates suggest that GM's share offering is 8 times oversubscribed and that the company is offering 30% more shares as a result.
That bullish anticipation could be a good thing for the market overall, given the S&P 500's current positioning right above key support levels. Thursday could help spark the next leg of this sentiment rally. For that reason, it makes sense to look at three technical setups that could benefit from increased market action.Technical analysis is a way for investors to quantify qualitative factors, such as investor psychology, based on a stock's chart patterns and trends. Once the domain of cloistered trading teams on Wall Street, technicals can help top traders make consistently profitable trades and can aid fundamental investors in better planning their stock execution. >>Also: 3 Stocks Setting Up for a Breakout Here's a look at this week's potential trades.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV