Oct 12, 2011

Stock recommendations today

Dow Jones Industrial Average closed down a day after the blue-chip index scored its biggest gain in 2 months. The measure shed 16.88 points, or 0.2%, to 11416.30, after a 330-point surge the previous session. 
Stocks, as quoted by Wall Street Journal, opened in negative territory as investors awaited a bailout vote in Slovakia, which is the 17th and final country to act on an expansion of the euro zone's rescue fund. The deliberations dragged out past the close of U.S. trading, which helped keep stocks in a tight trading range. Parliament rejected the measure.
The Standard & Poor's 500-stock index eked out a gain of 0.65 point, or 0.05%, to 1195.54. The Nasdaq Composite added 16.98 points, or 0.7%, to 2583.03.
The relatively muted action snapped a streak of 55 sessions during which the Dow swung at least 100 points on an intraday basis. What about Indonesia market today?

Minna Padi Investama:
Jakarta Composite Index (JCI) may move and close to a resistance level of 3,591. Several stocks to watch: HRUM, PGAS, and PTBA.

Sinarmas Sekuritas:
The JCI technically may move in mixed position within the range of 3,488-3,570 today. Several stocks to watch: CPIN, ROTI, INTP, and HRUM.

e-Trading Securities:
Watch action of profit taking. The index may move within the range of 3,490-3,579 with several stocks to monitor: PTBA, JPFA, and HRUM.

Panin Sekuritas:
The strength to drive the JCI higher is restrained today. The stock benchmark may move within the range of 3,490-3,580.
Disclosure: No position at the stock mentioned above.

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