Today, I will be looking at 3 stocks that moved counter to the trend yesterday. Each of these 3 stocks are technically very sound with solid chart patterns.
The 3 stocks I'll be looking at in today's video are:
Newfield Exploration Co. (NYSE:NFX)
Newfield Exploration Company, an independent energy company, engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. The company's primary areas of operation include the Mid-Continent, Rocky Mountains, and onshore Gulf Coast regions in the United States. It also holds offshore oil developments in China. As of December 31, 2014, the company had proved reserves of 645 million barrels of oil equivalent. Newfield Exploration Company was founded in 1988 and is headquartered in The Woodlands, Texas.
Fibria Cellulose S.A. (NYSE:FBR)
Fibria Celulose S.A. engages in the production, sale, and export of short fiber pulp. The company primarily offers bleached eucalyptus kraft pulp used in the manufacture of toilet paper; uncoated and coated paper for printing and writing; and coated cardboard for packaging. It has a total forest base covering 969 thousand hectares in the states of São Paulo, Minas Gerais, Rio de Janeiro, Espírito Santo, Mato Grosso do Sul and Bahia.
Accenture plc (NYSE:ACN)
Accenture plc provides management consulting, technology, and business process outsourcing services worldwide. The company's Communications, Media & Technology segment offers enterprise and industry-customized services in network engineering and integration, field force enablement, and IP network migration; provides online customer and enterprise relationship management services; and helps customers in developing video-over-IP platforms, and transforming legacy broadcast platforms to digital.
In addition to these 3 stocks, I will be looking at the general market and bringing you up to date with the latest technical picture for each of the major sectors.
Have a great trading day everyone. Tomorrow is Friday, and I will do my usual weekly roundup, you won't want to miss that. I'll be looking for some candidates for the "52 Week Highs on a Friday" rules for some weekend strategy trades.
Every success with MarketClub,
Adam Hewison
President, INO.com
Co-Creator, MarketClub
