Helped by strong recovery in U.S. markets, Baidu, Inc. (BIDU) broke resistance of its two week mini rectangle pattern and thus very likely begun new upward momentum which could move prices toward 220 on the short term period.
Aerospace & Defense has been one of the best performing industry today as reaction to terrorist attacks. Three stocks within that industry with bullish technicals which suggests high possibility for continuation of momentum for the rest of the week are:
Lockheed Martin Corporation (LMT)
Northrop Grumman Corporation (NOC)
Textron Inc. (TXT)
Sinisa Persic, CMT