Aug 11, 2011

stock recommendations today

Dow Jones Industrial Average in New York Stock Exchange last night fell 519.83 points or 4.62%, to 10,719.94, after making a rebound in the previous day.
The Standard & Poor's 500-stock index tumbled 51.77 points, or 4.42%, to 1120.76 and the Nasdaq Composite lost 101.47 points, or 4.09%, to 2381.05. Several stock brokerages, as quoted by Bisnis Indonesia today, estimated that Jakarta Composite Index (JCI) today may continue its technical rebound yesterday. Will the JCI tumble today, following the Dow Jones?

Panin Sekuritas:
The JCI's rebound yesterday was stimulated by positive sentiments from regional markets after The FED keeps maintaining its low rate policy at 0%-0.25% until June 2013. The support and resistance levels for the JCI are 3,800-3,950.

Minna Padi Investama:
The JCI may continue a limited gain today with resistance level at 3,927 after it gained 3.44% to 3,863.58 yesterday. Several top picks today: UNVR, AKRA, and LPCK.

Sinarmas Sekuritas:
The index technically may move in mixed ways with uptrend possibility in the range of 3,850-3,940. Stocks to watch: ADRO, BMRI, ASII, and UNTR.

e-Trading Securities:
The JCI technically may continue further gains within the range of 3,793-3,905. However, investors should watch the regional stock markets. Several stocks to watch: UNTR, BSDE, and KLBF.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: