Day Trading Technicals

3M Company (Public, NYSE:MMM)

Short-Term Technical Levels

MARKET ENTRY: 80.33, time frame 14 trading days.

PRICE TARGET: 84.08

About MMM

3M Company (3M) is a diversified technology company with global presence in industrial and transportation; health care; safety, security and protection services; consumer and office; display and graphics, and electro and communications. The Company is a primary manufacturer of products for many of the markets it serves. 3M operates in six operating business segments: industrial and transportation; health care; safety, security and protection services; consumer and office; display and graphics, and electro and communications. The Company’s products are sold through numerous distribution channels, including directly to users and through numerous wholesalers, retailers, jobbers, distributors and dealers in a variety of trades in many countries worldwide. In February 2009, the Company announced the formation of its Renewable Energy Division within 3M’s Industrial and Transportation Business.

Alcoa Inc. (Public, NYSE:AA)

Short-Term Technical Levels

MARKET ENTRY: 13.00 (entered), time frame 9 trading days (14 originally).

PRICE TARGET: 15.21

About AA

Alcoa Inc. (Alcoa) is engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined. It’s products are used worldwide in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, and industrial applications. Alcoa is a global company operating in 35 countries. North America and Europe generated 54% and 26%, respectively, of Alcoa’s sales during the year ended December 31, 2008. In addition, Alcoa has investments and activities in Australia, Brazil, China, Iceland, Guinea and Russia. In June 2009, Platinum Equity Holdings completed the acquisition of the wire harness and electrical distribution business of Alcoa.

American Express Company (Public, NYSE:AXP)

Short-Term Technical Levels

MARKET ENTRY: 37.66 (entered), time frame 9 trading days (14 originally).

PRICE TARGET: 40.70

About AXP

American Express Company (American Express) is a global payments and travel company. The Company’s principal products and services are charge and credit payment card products, and travel-related services offered to consumers and businesses around the world. The Company’s Global Consumer Group offers a range of products and services, including charge and lending (credit) card products for consumers and small businesses worldwide; consumer travel services, and stored value products, such as Travelers Cheques and pre-paid products. The Global Business-to-Business Group provides, among other products and services, business travel, corporate cards, and other expense management products and services; network services, and merchant acquisition and merchant processing for the Company’s network partners and payments businesses. On February 29, 2008, the Company completed the sale of its international banking subsidiary, American Express Bank Ltd. (AEB), to Standard Chartered PLC.

AT&T Inc. (Public, NYSE:T)

Short-Term Technical Levels

MARKET ENTRY: 25.36 (entered), time frame 9 trading days (14 originally).

PRICE TARGET: 26.47

About T

AT&T Inc. (AT&T) is a communications holding company. Its subsidiaries and affiliates, AT&T operating companies, are the providers of AT&T services in the United States and around the world. Their offerings include Internet protocol (IP)-based business communications services, third generation (3G) network and wireless coverage worldwide, and Internet access and voice services. Its offerings also include directory publishing and advertising sales of its Yellow Pages and YELLOWPAGES.COM organizations. The Company operates in four business segments: wireless, wireline, advertising solutions and other. In September 2009, the Company acquired Plusmo, Inc., a provider of cross-platform mobile application solutions. In October 2009, the Company announced the acquisition of VeriSign’s global security consulting business. In November 2009, the Company completed its acquisition of Centennial Communications Corp.

Bank of America Corporation (Public, NYSE:BAC)

Short-Term Technical Levels

MARKET ENTRY: No entry.

About BAC

Bank of America Corporation (Bank of America) is a bank holding company and a financial holding company. Through its banking subsidiaries and various non-banking subsidiaries throughout the United States and in selected international markets, it provides a diversified range of banking and non-banking financial services and products through three business segments: Global Consumer and Small Business Banking, Global Corporate and Investment Banking and Global Wealth and Investment Management. Bank of America operates in 50 states, the District of Columbia and more than 40 foreign countries. Bank of America has 6,100 banking centers, approximately 18,700 automated teller machines (ATMs), nationwide call centers, and online and mobile banking platforms. On January 1, 2009, Bank of America announced the purchase of Merrill Lynch & Co., Inc. On July 1, 2008, Bank of America completed the acquisition of Countrywide Financial Corporation.

The Boeing Company (Public, NYSE:BA)

Short-Term Technical Levels

MARKET ENTRY: No entry.

About BA

The Boeing Company (Boeing) is involved in the design, development, manufacture, sale and support of commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services. The Company operates in five principal segments: Commercial Airplanes, Boeing Military Aircraft (BMA), Network and Space Systems (N&SS), Global Services and Support (GS&S) and Boeing Capital Corporation (BCC). BMA, N&SS and GS&S comprise the Company’s Integrated Defense Systems (IDS) business. The Other segment classification principally includes the activities of Engineering, Operations and Technology (EO&T), an advanced research and development organization focused on technologies, processes and the creation of new products. In December 2008, Boeing announced that it has completed its acquisition of Federated Software Group, whose engineering services and software system help track and distribute equipment and personnel for the United States Department of Defense.

*Chart courtesy of StockCharts.com
*Security info courtesy of Reuters.com