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Showing posts from April, 2012

Buy Terex Cp (TEX) | NYSE | Technical chart | 19-Apr-2012

Below is the technical chart of Terex Cp, listed on NYSE, using Ichimoku indicator.

In the last trading session, the stock price closed above kumo once again. The Chikou-Span (CS) line is already trading above kijun-sen line and kumo. Thus, one can safely say, it's a bullish breakout signal @24.85. The resistance will be at 26.35 - 27 and major support is at 19.52

Facebook picks Nasdaq over NYSE for listing: Source

Facebook Inc, which is preparing what would be Silicon Valley's largest IPO, has picked Nasdaq over the New York Stock Exchange for its listing, handing an important victory to the technology-laden bourse, a source familiar with the situation said on Thursday.
The world's largest social network, with more than 800 million users, is aiming to raise USD 5 billion or more in a landmark coming-out party currently expected in May.

Its listing selection deals a blow to NYSE Euronext , which has waged an aggressive battle for marquee tech names in past years. The older US exchange snagged LinkedIn Corp and Pandora Media Inc in 2011.

A spokesman for Facebook declined to comment. Nasdaq OMX Group Inc and the NYSE also declined to comment.

Apple will become first trillion-$ company by 2014: Analyst

There's a lot of excitement as top analysts continue to forecast when Apple will hit USD 1,000 a share and becomes the first trillion-dollar company.
For Gene Munster, managing director and senior research analyst at Piper Jaffray, that day will come sometime in 2014.

"I know that when you look at the USD 1,000 price tag, it looks like a big number. But when you look back and do the math ... it's not that hard to get there," Munster told CNBC Tuesday, referring to how Apple shares have nearly doubled in the past year alone.

Munster attributes his very bullish outlook to opportunities in the mobile device space: Out of 1.6 billion total units to be made available in the market in the next couple of years, Piper Jaffray expects Apple to corner at least 400 million of the market, "a very achievable target."

This, despite stirring concerns that the new generation of products will be more "evolutionary" rather than revolutionary.

But Munster said that in a …