This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Big Stocks Ready to Slingshot Higher

BALTIMORE ( Stockpickr) -- What a week. From the Greek vote on Sunday to yesterday's QE3 announcement (or the lack thereof), investors have been on pins and needles waiting for the next round of market-shaking news to come out before they make up their minds on what to do with stocks.

Of course, not all of this week's decisions were curve balls. As I expected, QE3 isn't coming after all. Instead, the Fed and Bernanke decided to kick the can a little further down the road by extending Operation Twist. With strategists from Goldman Sachs (GS) to SocGen (SCGLY) -- and their clients -- predicting a $600 billion round of quantitative easing, extending OT was pretty much the only move Bernanke could make in this scenario; not announcing anything at all would have torpedoed stock prices.

>>4 Stocks the Pros Hate -- But You Should Love

But make no mistake -- we're not exactly in "make it or break it" mode for Mr. Market right now. In fact, it looks like the correction is coming to an end in the S&P 500. And that could cause one set of stocks to slingshot higher for the end of June.

Today, we'll take a technical look at them.

If you're new to technical analysis, here's the executive summary:

Technicals are a study of the market itself. Since the market is ultimately the only mechanism that determines a stock's price, technical analysis is a valuable tool even in the roughest of trading conditions. Technical charts are used every day by proprietary trading floors, Wall Street's biggest financial firms, and individual investors to get an edge on the market. And research shows that skilled technical traders can bank gains as much as 90% of the time.

>>ACTIVE STOCK TRADERS: Check out Stockpickr's special offer for Real Money, headlined by Jim Cramer, now!

Every week, we take an in-depth look at big names that are telling important technical stories. Here's this week's look at the technicals of five high-volume stocks ready to move higher.
1 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AMRN $2.08 -1.40%
ALU $3.92 0.13%
CAT $72.42 1.70%
DISCA $31.28 0.64%
MSFT $54.70 1.40%


Chart of I:DJI
DOW 17,760.85 -37.64 -0.21%
S&P 500 2,086.88 -3.23 -0.15%
NASDAQ 5,119.2920 -8.2330 -0.16%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs