Technology Services
ANSYS Inc (ANSS): ANSYS Inc. is in the business of development and marketing of engineering simulation software and services. The firm's solutions include automotive, aerospace and defence, construction, energy, materials and chemical processing, also autonomous engineering.
The share price has been in an upward trend, making higher highs and lower highs. The 50-day SMA has crossed above the 200-day SMA (Golden cross).
A Buy/Long idea can be initiated with a stop loss set at $316.45 and the target set at $367.37, this presents a potential move of 9%.
Finance
Bank of America Corp (BAC): Bank of America Corp is a bank and financial holding company, which is in the business of banking and nonbanking financial services. It operates through consumer banking, global wealth and investment management (GWIM), global banking and global Markets.
The share price is currently trading at $32.22. The price has tested the old resistance level turned support level at the $31.50 region. As a confluence of confirmation of direction, the price has also tested the 50-day SMA and it is trading above the 200-day SMA, suggesting that the bulls are in charge.
A Buy/Long idea can be initiated with target set at $34.26 and stop loss is set at $30.89, this presents a potential move of 6.31%.
Transportation
FedEx Corp (FDX): FedEx Corp. is a holding company, which is in the business of transportation, e-commerce, business services, and business solutions. It operates through FedEx Express, FedEx Ground, FedEx Freight and FedEx Services.
The share price has been in an uptrend and is currently trading at $246.53. The share price has tested the trend line at $242.00 and the price is trading just below 200-day SMA. The MACD is yet to cross for a bullish signal, showing signs of momentum to the upside.
A Buy/Long can be initiated once the price closes above $248.00 and MACD bullish crossover has occurred with Stop loss placed at $238.82,this presents potential move of 7.49%.
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