BreakOut Stocks:Genius Power,GE Shiping and Honda Siel

By | September 28, 2010

Genus Power and Infrastructure

Genius Power a look at daily charts with proper set up tells the whole picture and trading pattern visible in the stock charts

Genius is an classic example of support becoming resistance.

Stock was taking support at 50 DMA and was bouncing from the same,but as soon as 50 SMA got taken out now it is acting as resistance in short term.

50 SMA lies at 222as stock has seen surge in volume today and MACD giving divergence,It is a buy on a close above 222

Buy above 222 Tgts of 225 and 233

Honda Power

Honda Power daily chart it is taking support at 50 DMA and boucing back.Hence we are able to find the trend on the stock

Now Stock is on verge on breakout if it crosses itsabove 632 with volumes supporting.

Technical Indicators suggest a buy as mentioned in chart

Buy above 633 Tgt 651,670 and 688

GE Shipping

GE Shiping has wake up from a slumber and on huge volumes today.Looking at Daily chart stock looks for a breakout with MACD giving positive divergence and RSI with screaming Buy

Buy above 322 Tgt 325,329 and 335

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