Stocks End on a Mixed Note
On a day with no major economic catalysts, the major
indices finished slightly mixed. Kirk Kerkorian’s Tracinda
Group announced that it is interested in buying MGM Mirage’s
Bellagio and other properties. MGM shares finished the day
higher by 27%.
June crude futures closed down 2.1% to $64.91 per barrel.
June gold futures also closed lower, losing 0.6% to $659.90
an ounce.
Around Europe, Germany’s DAX Index
rose 0.53% to close at 7,659.39, Britain’s FTSE 100 Index lost
0.5% to 6.606.60, and France’s CAC 40 Index finished flat at
6,089.72.
Today’s
PowerRatings Heat Map is showing price action that is widely bearish across
all sectors. Our
Research Archives can give you ideas to take advantage of
pullbacks in the overall markets as well as in individual stocks.
Click here to see our new list of indicators that includes
Gaps Down 5% or More,
2-Period RSI Below 2,
Stocks Up 10% or More. Historically proven edges make
these a great place to start making a watch list.
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Darren Wong
Associate Editor
darrenw@tradingmarkets.com