As the markets have fallen sharply this past week, some stocks are nailing massive support levels and may see a short lived bounce next week. These plays may be optimal swing trades and great for capturing gains in a short amount of time.
The first stock nailing a major level is Goldman Sachs Group, Inc. (NYSE:GS). After being downgraded yesterday, the stock has tumbled into the $140.00 level. This represents a massive support level and should signal a bounce early next week. To get more information and trade alerts to buy and sell Goldman Sachs, take the seven day free trial to the Research Center.
The second stock hitting support is Morgan Stanley (NYSE:MS). This is another financial firm that has been under pressure almost all of 2011. While the stock has tumbled from a high in 2011 of $31.04, it now is slamming into major support at $24.25. Look for a bounce early next week. The money is waiting to be made, learn how to swing trade stocks like Morgan Stanley. Make hundreds of times more money swing trading than investing. Even a simpleton can do it. Take the one week free trial to the Research Centernow.
Lastly, Yahoo! Inc. (NASDAQ:YHOO) has hit a level that may represent the best bounce of all. This stock is down sharply today after major miscommunications surfaced between Alibaba. With such confusion, the stock is getting pounded, down -1.17 (-6.81%) t0 $16.00. This level happens to be a major pivot low from mid March as well as the 200 moving average on the daily chart. A easy $0.50 bounce is likely next week and maybe more. Take the seven day free trial to the Research Center and make money like the pros. Click here.
Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com
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