An NYSE Scalper's Tale - A Trader's Diary

Sunday, March 26, 2006

What I'm Watching for Mon Mar 27, 2006

There's not much to watch on the news front, so I will be watching some important levels for certain stocks on Monday.

First one is on Bell South (BLS). BLS is near 52 week highs and since the beginning of March, it has been trying to get to the $35 level (and almost got there on Friday). I'll be watching for the $35 level to break and we'll see if it can make new 52 week highs from there. Bell South closed at $34.89.

The next one is on Citigroup (C). For two days now, C has tried to break the $48 level without success. I'll be looking to get long if the $48 level breaks. Citigroup closed at $47.81.

The last one is on Bank of America (BAC). For the last 6 trading days, BAC has tried to break and close above the $47 level. On Friday, it tried to break $47 late in the day (and I almost went long), but did not succeed. Bank of America closed at $46.90.


Post a Comment

<< Home