Before starting to share my watchlist for Wednesday, I’d like to invite everyone of you to join this free webinar tomorrow Wednesday, January 23rd @ 5:00pm EST titled, “Learn How To Get Hedge Fund Grade Research Reports For Any Ticker Symbol” with Jake L’Ecuyer who is a Senior Analyst for Benzinga’s Research Desk. For registration, click here !
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Lincoln National Corporation (NYSE: LNC ) remains poised for breakout to the upside. This sideways consolidation has formed an ascending triangle pattern, which is generally very bullish. A push above $28.38 would be a solid buy signal for traders. Both RSI & MACD are bullish with RSI near overbought region. Currently prices are supported by 13/20 days MAs.
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James River Coal Company (NASDAQ: JRCC ) perfect follow through day. The technical indicators are turning up from oversold levels and the MACD looks likely to form its own crossover …