This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Big Stocks Ready to Slingshot Higher

Stocks in this article: MSFT MNR CAJ CAT RDS.A

BALTIMORE ( Stockpickr) -- It's data Thursday today, but one set of economic announcements matters more than all the rest: the Fed's rate decision this afternoon and Ben Bernanke's press conference at 2:15 p.m.

Bernanke has been busy for the last several weeks, whispering sweet nothings about QE3 to all-too-excited market participants. The problem with those comments so far is that "sweet nothings" are exactly what the Fed has committed to.

Put another way, talk is cheap, but QE3 is expensive -- really expensive. To me, it's not clear at this point whether Bernanke is seriously considering another aggressive round of quantitative easing, or if he's politicking by merely hinting at it.

>>5 Stocks Poised to Pop on Bullish Earnings

So far, anyway, the traditional data points don't support pumping more money into the market. But after so many promises of another round of liquidity, Bernanke and company may find it's time to pay the piper. Today's announcements will reveal which is the case.

Meanwhile, stock investors haven't exactly been hurting from a lack of a definitive QE3 announcement. So far, the S&P 500 has rallied 14.3% in 2012, making it a blockbuster year for stocks anyway you slice it. And with the big index still trading in its uptrending channel right now, there's reason to believe that the buying isn't over.

That's why we're taking a look at five stocks that look primed to slingshot higher from a technical standpoint.

>>5 Stocks Under $10 Poised for Breakouts

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.

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

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,770.57 -7.58 -0.04%
S&P 500 2,067.30 +6.07 0.29%
NASDAQ 4,762.7940 +14.3980 0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs