Oct 14, 2011

Stock recommendations today

The Dow Jones Industrial Average fell 40.72 points, or 0.4%, to 11478.13, after dropping as much as 141 points on Thursday. It marked the Dow's second drop in the last three sessions and biggest decline since Oct. 3.
The blue-chip index still is up 5.2% this month and briefly moved this week into positive territory for the year before pulling back. It is down 0.9% this year. The Standard & Poor's 500-stock index eased 3.59 points, or 0.3%, to 1203.66. Financial and industrial stocks registered the biggest declines, while technology stocks rose.
How about Indonesia stock market today? Bisnis Indonesia provided recommendations from stock brokerages:
Panin Sekuritas:
Jakarta Composite Index (JCI) today may be mixed within the range of support-resistance level at 3,625-3,730. The JCI continued its gain yesterday. However, the movement of blue-chips were limited.
e-Trading Securities:
The JCI may fluctuate with lowered possibility. The index is estimated to move within the range of 3,620-3,714 with several stocks to watch: ISAT, JPFA, and EXCL.

Minna Padi Investama:
The index today may move in a limited range of 3,623-3,718. Be careful on profit taking after several rallies. Several stocks to monitor: ANTM, TINS, and BDMN.

Sinarmas Sekuritas:
Today, the JCI technically tends to move in a limited range of 3,605-3,690 with a possible profit taking. Several stocks to watch: PTBA, SMGR, ISAT, and BWPT. 

Disclosure: No position at the stock mentioned above.

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