Monday, September 21, 2009

AIB, IRE - Quick Analysis

AIB - HOLD

AIB is currently in a strong uptrending channel, but is currently at the top range of this channel. I think you could see AIB pullback shortly to $8.25-$8.50, if it starts to go down now (the slower it moves down or stays up, the less it should pullback down). If it actually reaches back down to these levels, wait for stock price to bounce back up, because any move lower would most likely be a SELL signal. If it continues higher and closes strongly above $10.00, ideally remaining at these levels for 2 days, this would be a BUY signal. AIB is a HOLD as long as it holds up.


IRE - HOLD

IRE is pretty much the same story, trading in an uptrending channel, currently at the top, looking for a pullback around $16.00-$16.50, before bouncing back up. A strong break over current levels is a BUY signal, and break below $16.00, is a SELL. IRE is a HOLD as long as it holds up.

Posted by Yoel at 1:36 AM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

DISCLAIMER

The analysis and information given on this site is for information purposes only. Trading in these strategies may result in capital loss. Individuals should do their own independent research or consult an investment advisor before taking investment action. All materials on this site, including the stock picks, are for news and entertainment purposes only and are provided on an "as is" basis and without warranties of any kind, either express or implied.

Under no circumstances will yoel stockpredictions.blogspot.com be liable for any special or consequential damages that result from the use of, or the inability to use, the materials in this site, even if advised of the possibility of such damages including, but not limited to, negligence. In no event shall yoel-stockpredictions.blogspot.com have liability to you for any damages, and losses for accessing this site or using the information provided.Yoel-stockpredictions.blogspot.com does not guarantee that the information contained herein or distributed from this site will be uninterrupted or error-free, that defects will be corrected. Past Results are not necessarily indicative of future performance.

Yoel-stockpredictions.blogspot.com does not trade against you. Some sites are using the size of their visitors to 'move the market' and take advantage personally with their stock picks. This is illegal, and mostly applicable in smaller less liquid securities, which are not covered on this site. It is highly unlikely that the articles in this site about stock picks could ever move the market.

As a visitor to this site, you acknowledge and agree that any reliance on or use by you of any information available on this site shall be entirely at your own risk. In no event shall yoel-stockpredictions.blogspot.com be liable for any direct, indirect, consequential or exemplary damages arising from the use or the performance of this site, even if will yoel-stockpredictions.blogspot.com has advised of the possibility of such damages. Trading may not be suitable for all visitors of this site or the information provided by this service. The visitors assume the entire cost and risk of any trading they choose to undertake.