Chart of the day:
CONN: Support level
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| CONN |
DGLY: DGLY Short Term Price Target $16.31
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| DGLY Short Term Price Target $16.31 |
JRJC: Short Term price Target $8.10
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| JRJC: Short Term price Target $8.10 |
BLOX: Short Term Price Target $14.13
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| BLOX Short Term Price Target 14.13 |
Trade Plan:
@9.20 am EST
Pre Market Earning - CONN, KFX
After Hours Earning: - PIKE, GWRE, AVNW, PRGN
Economic calendar:
Australian rate decision: Tuesday, 12:30 am EST: Australia’s central bank maintained the cash rate at a record low of 2.5%, saying the nation’s economic outlook remains unclear. The slowdown in mining investment weighs on growth. Therefore, GDP expansion in the June quarter is expected to be weaker than in the previous quarter. Domestic demand is also subdued due to elevated currency. However, lenient monetary policy boosted the housing market. Global issues also contributed to uncertainty tensions in Ukraine and Gaza and the guessing game around the timing of the first rate increase in the US. No change in rats is expected now.
US ISM Manufacturing PMI: Tuesday, 10:00 am EST: The U.S. manufacturing sector improved strongly in July reaching 57.1 points following 55.3 points in June. Economists expected a reading of 56.1. US Manufacturing remained in expansion territory for 14 consecutive months. New orders advanced to 63.4, rising 4. points from June’s reading of 58.9. Production edged up to 61.2, from 60 and the employment soared to 58.2, up 5.4 points from June’s reading of 53. A slight drop to 57 is forecasted this time.
Australian GDP: Wednesday, 9:30 pm EST:. Australia’s economy expanded 1.1% in the first quarter beating expectations for a 0.9% growth rate. The high rise was explained by the unexpected growth to the mining, financial and insurance services and the construction boom. The rate of expansion in the last 12 months to March reached 3.5% indicating the economy is resilient. The RBA projects a growth rate of 2.75% for this year and a rise of 2.5% for 2015. Australia’s economy is predicted to expand 0.4% in the second quarter.
Overbought Stock:
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| Overbought Stocklist |
Oversold:
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| Oversold Stocklist |
Stock Gainer and Loser:
| NASDAQ PERCENT GAINERS: Stocks with last price greater than or equal to $2.00 | |
| Last Price as of 03:49PM ET 08/29/2014 | |
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| NASDAQ PERCENT LOSERS: Stocks with last price greater than or equal to $2.00 | |
| Last Price as of 03:49PM ET 08/29/2014 | |
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Ex Dividend:
Home Depot (HD) is set to trade ex-dividend on September 2. The home improvement retailer offers a dividend yield of 2.3% based on Thursday’s closing price of $91.87 and the company’s quarterly dividend payout of 47 cents. The stock is up 12.79% year-to-date.
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