Joel Backman

Shares of Citigroup closed again above its 200-day moving average of $3.99, a bullish sign that puts the next stage of resistance at $4.09 ( 50-dma ). On the technical chart, we can see a few things going on here. First, the stock is testing a horizontal trendline acting as potential resistance. Also, stochastics are indicating a trend reversal to the upside. Last, and definitely not least, we can see that the money seems to be flowing into the stock as indicated by the OBV.

Generex Biotechnology can pop big time on any positive news. The technical daily chart is showing a double bottom here. In addition %K line has just crossed on top over %D line showing strong buy signal as ROC is at oversold level. On balance volume is also showing positive divergences. I will look to buy if the stock breaks above 0.345.

Level 3 Communications has pulled back into support and may offer some value here.

Amazon is at critical support near $115.94. The stock could go either way depending on how it deals with a major trendline.