A strong report on U.S. consumer confidence gave the blue-chip index the boost it needed to close beyond the 13,000 mark for the first time since May 2008, a level achieved before the financial crisis roiled Wall Street and incited one of the worst downturns in recent memory.
The Dow Jones Industrial Average, as quoted by foxbusiness.com, yesterday climbed 23.6 points, or 0.18%, to 13,005, the S&P 500 rose 4.6 points, or 0.34%, to 1372 and Nasdaq Composite gained 20.6 points, or 0.69%, to 2987.
The Dow hit a 12-year closing low of 6547 in March 2009 and has rebounded 98.6% since then. The average sits only 8.2% away from the record high it hit in October two years earlier.
The JCI may continue its rally today within the range of 3,856-3,950. BMRI, ASII, AALI, BUMI, and INCO may continue its rally today.
The JCI is estimated to move within the range of 3,868-3,955 with uptrend possibility. Several stocks to watch: BUMI, CPIN, and MAPI.
Minna Padi Investama:
The JCI today may rally with a resistance level of 3,951. Keep focusing to buy Astra Group and banking stocks. ASII, BBCA, and BMRI should be monitored.
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