Tata Motors Limited (NYSE:TTM) has had an epic move higher since the new year. On the last trading day of 2011, Tata Motors closed at $16.90. The high of today was $28.74. When finding a good short opportunity, a pro trader must look at the daily chart and find the best resistance point. This level is clearly between $28.75 and $29.00. In other words, this level has been tagged as of today.
(TTMI, CLNO, CBRL, RRD, IDRA) Stock Highlights by CRWESelect.com
TTM Technologies, Inc. (Nasdaq:TTMI) will host a conference call on Thursday, August 4, 2011, at 4:30 p.m. Eastern/1:30 p.m. Pacific time to discuss its second quarter 2011 performance. Telephone access is available by dialing domestic 1-877-941-2332 or international 1-480-629-9723. The conference call will also be simulcast on the company's Web site, www.ttmtech.com.
(TTMI, PWRM, VSPC, MERU, SKYW) Stocks in Review by CRWESelect.com
The uprising in the Middle East and North Africa continues to escalate. Countries such as Libya, Iraq, Iran, Egypt, Bahrain, and possibly Saudi Arabia are being effected at this time. Light crude for April delivery is trading at $100.00 a barrel this morning. This has been the level where the stock market has declined and can no longer find buyers to keep it up.
These two stocks are nearing a level where they will finally become attractive to the buy side. Both have fallen sharply in the last month after making new 52 week highs almost daily. The first is Target Corporation (NYSE:TGT) which just crossed the 200 moving average to the downside today. This is generally bearish but it appears in this specific case, it is reaching for a gap fill at $53.75.
Cars, Buses, Ships, Oh My!! From Pennytobuck.com EVCARCO, EVCA.OB, TLM,TTM,TBSI
Special Report: Hit the BRICs for a Global-Investing Double Play
Global investors need to “hit the BRICs” – literally. Back in 2003, the Goldman Sachs Group Inc. (GS), eager to push its clients towards global investing – especially in the emerging markets – invented the acronym “BRIC” (Brazil, Russia, India and China) to represent the four emerging markets it believed were destined to become dominant economies in the years to come.
India is suffering high inflation, its growth is slowing and there are signs that a credit crunch is about to hit. But this can work to the advantage of investors. Without these problems, India’s stock market would be trading at 40 times earnings - and not 18 times earnings, as it is now.