Pfizer Inc. (NYSE:PFE) -As you can see from the chart below, the stock has been trading within a rising channel since July 2010. The stock ends the week near the top of its rising channel Would anticipate a correction to at least $19.41. A close below $19.95 would signal a trend change.
Shares of Parker Drilling Company (NYSE:PKD) ran into some profit taking on Friday after Thursday’s big rally. The short-term outlook for the stock is Bullish and move up to $5.85 is possible in the near-term. My first target is $5.89. My second, more aggressive target is $6.54 with a time frame of several weeks. Near-term support for Parker Drilling Company is present at $5.42. Subsequent supports for the stock are present at $5 and then $4.95. Technical indicators are supporting the bulls. EMAs are moving up. MACD is positive and above the signal line. You need to put this stock on your watchlist next week and pay special attention to the price and the volume action.
There is no change from my previous updates on Banner Corporation (NASDAQ:BANR). The stock looks poised to move higher. The technical daily chart shows possibility of new rally as the stock bounced up after dropping back to 50 day moving average. In addition, the 50 day moving average has crossed on top over 200 day moving average early this month to form the Golden Cross. Typically, when a Golden Cross is formed the stock will be heading into a strong bull market. At the same time, the daily stochastics is reaching the oversold zone. These technical factors suggest taking a long position.source wallstreetpit.com... For the latest updates PRESS CTR + D or visit Stock Market news Today
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