SNV, GNRC, FIS & URI our Free Stock Picks  RSS

by Sinisa Persic,, Wed October 24th, 2012

Synovus Financial Corporation (SNV) broke out of its sideways channel in a move up 10 cents, or 4%, to 2.54 on Wednesday on heavy volume of 13.3 million shares. That channel was a rest off the rally from around 1.70 in June to 2 1/2 last month, or nearly 50%, and now the stock appears poised to resume the uptrend. Next target is 2 3/4.

Generac Holdings Inc. (GNRC) broke out of wedge pattern on a move up 62 cents, or 2.3%, to 26.27 on Wednesday. That sideways pattern was a consolidation of its recent 1-move upmove from 20 3/4 to 26. The trendline points to the 28 area next.

Fidelity National Information Services, Inc. (FIS) is testing resistance around 32 3/4, having moved up nearly 2 points to 32.73 in recent weeks. A breakout would position the stock to test next resistance at around 33.85.

United Rentals, Inc. (URI) is in a bullish flag after a big up-gap a week ago. A break above 40, the top of the flag, would continue the upmove, with the next target around 42 1/2.