Short Selling Backfire - Check out Intel, Exxon, Alcoa (INTC, XOM, AA)
Submitted by theStockMasters... on Thu, 03/18/2010 - 17:40
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Short sellers beware; stocks are seeing a buyer's market this week. Now that the S&P 500 and the Dow Jones Industrial Average have cleared major resistance levels - at 1150 and 10,700 respectively - investors seem to be comfortable being bullish once again... whether or not they should be.
Case in point: this week's big name technical charts. Intel (INTC), Exxon Mobil (XOM), and Alcoa (AA)
Tickers: INTC, XOM, AA
| Ticker | Co. | Price |
|
|---|---|---|---|
| XOM | Exxon Mobil Corporation | $67.30 | 317.74B |
| AA | Alcoa Inc. | $14.34 | 14.63B |
| INTC | Intel Corporation | $22.15 | 122.36B |
(theStreet.com) -- NEW YORK (Stockpickr) -- Short sellers beware; stocks are seeing a buyer's market this week. Now that the S&P 500 and the Dow Jones Industrial Average have cleared major resistance levels - at 1150 and 10,700 respectively - investors seem to be comfortable being bullish once again... whether or not they should be. Case in point: this week's big name technical charts.
When it comes to big-name stocks, it doesn't get much bigger than oil giant Exxon Mobil(XOM). But the $318 billion company could be on the verge of getting even bigger thanks to a bounce shares took just two trading sessions ago.
SOURCE: http://www.thestreet.com/story/10706231/2/must-see-charts-intel-exxon-al...
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