American International Group Inc (NYSE:AIG)
American International Group had been in a rising trend until it pulled back in late July. The ‘V’ shaped recovery has it back at the highs and consolidating. The RSI is in the bullish zone and the MACD rising, in support of more upside price action.
Apache Corporation (NYSE:APA)
Apache had a strong move higher from April to the consolidation that began in late June. The leg higher off of 98 that began mid August has now consolidated and a bullish engulfing candle Friday could trigger it higher. There is support for more upside from the RSI that held in the bullish zone in the pullback and the rising MACD that crossed higher last week.
Hess Corporation (NYSE:HES)
Hess rose out of a base around 80 and has been consolidating near 100 since July. The action Friday suggests it may be ready for the next leg higher, as it printed a long bullish candle closing near the high. Both the rising RSI and MACD support more upside and a break higher.
Starwood Hotels & Resorts Worldwide (NYSE:HOT)
Starwood Hotels & Resorts had a choppy run higher to 85 from 2013 until mid July. The pullback that followed found the 200 day SMA and then launched it higher. Now it is consolidating at the prior high with RSI that is strong and bullish and a MACD that is positive. Friday’s long bullish candle following the one Thursday suggest a break may come as soon as Monday
St Jude Medical Inc (NYSE:STJ)
St. Jude Medical also had a long run higher from the beginning of 2013 before choppy consolidation between 60 and 70 over 2014. Closer in the pullback that began in July brought it back to the 200 day SMA and it has been slowly moving higher since. Friday’s candle higher out of the series of 7 doji candles, confirming a NR7 move higher, is supported by a rising RSI and MACD for more upside.
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