Starting this the last week of April.Please take these Stock Picks for your consideration.
Bolt Technology (BOLT: 12.18 +0.23 +1.92%) seems to have broken above the 2 month resistance of $11.71 on relatively higher volume. The next resistance that it should try to respect is at 13.11. Looking at the technical indicators, we have the MACD above Zero Line and RSI
Above 50, indicating the stock is in a “bullish” trend.
IMAX (IMAX: 20.11 +0.29 +1.46%) continues to show strength as the stock closed up $.29 on Friday. Looking at the technical chart above, IMAX wants to move higher and this could happen on Monday. Resistance is $20.32, which was Wednesday’s high of the day. If the stock can break resistance, we could see the continuation of the trend. Stay tuned!
American International Group (AIG: 44.38 +1.13 +2.61%) – The stock has been going up for 2 months now. AIG looks quite intact in its uptrend as long as its value is maintained above the immediate support line. As long as the stock stay above this uptrend line, the bullish scenario is still intact. Technical chart shows bullish sign with %K line on top of %D line and MACD on top of signal line. Next targets for the stock are $47.63 and $50.20. Only a close below $40 reverses the current uptrend.
Regards,
Don

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