Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Trading Chances: HCP, UNM, STI, Wheat

Published 05/08/2016, 04:24 AM
Updated 07/09/2023, 06:31 AM

HCP Inc (NYSE:HCP)

This share is a real estate investment trust and a US company. Currently, this company’s chart does not look particularly positive. We see a young downtrend with the last low at $25.11, and a correction zone between $34.71 and $36.86 on the upper side. The price has reached the red zone and our DowHow signals have occurred. If we see several reversal signals, we can consider a short trade.
HCP Inc. Chart

Unum Group (NYSE:UNM)

Unum group is a US company operating in the insurance sector. This company’s chart also looks bad. After the last low at $23.99, the price increased deep into the red correction zone. These past few days, the price has been showing a certain weakness, so we can expect the trend to continue.
Unum Group Chart

SunTrust Banks (NYSE:STI)

SunTrust Banks is one of the leading US bank holding companies, but nevertheless, the chart does not look good. Here we see a young downtrend too, in the upper range of its correction zone. It seems as if the price will close the gap at around $40, and if this is the case, the probabilities are more on the lower side, and the possibility exists that the trend will continue.
SunTrust Banks Chart

Wheat

This foodstuff is in a downtrend. Whether this is good or not is irrelevant for a trader. The last low was located at $442.18, and the price was near the last point three a couple of days ago. At the moment it seems as though the price will continue the trend, and if this is the case, our first target lies at $442.18.
Wheat Chart

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

I hope you will remain favorably disposed towards me and always remember: the journey is the reward!

Disclaimer: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.