Some brief quick comments on 10 stocks with meaningful movement post-close Thursday and/or above-average volatility during Thursday’s trading session.  Several of these stocks are reacting to earnings reports or volatility due technicals.
For additional insight on these stocks or others, feel free to email me with questions.
The following will include stock charts and trading analysis on the :  Microsoft (NASDAQ:MSFT), PayPal (NASDAQ:PYPL), Union Pacific Corp (NYSE:UNP), Honeywell (NYSE:HON), McDonalds (NYSE:MCD), General Electric (NYSE:GE), Bank of New York Mellon (NYSE:BK), Danaher Corporation (NYSE:DHR), PulteGroup (NYSE:PHM), and Schlumberger (NYSE:SLB).
1. Â Microsoft (MSFT)
After hours Thursday, Microsoft stock (MSFT) gapped up over its prior highs from 1999 – quite the move afterhours from its prior close of 57.25.  If this can hold into Friday’s close it would have even more significance, as it would be a WEEKLY Close at all-time highs. And with 6 more trading days in the month of October, it has the potential to be a MONTHLY breakout to new all-time highs. Stay tuned.  This bears significant importance given its weight in Technology.
On a near-term trading basis, $60 is a big deal for Microsoft.
2. Â Paypal (PYPL)
The stock opened this morning at new highs and has made new all-time highs today as well (currently trading at 43.70 intraday).  Holding these gains into the close would be big (again, a WEEKLY close).
Overall, I believe this is one to own for the intermediate term based on the likelihood of a weekly breakout. I’ll be looking to buy dips if given the chance in the hours ahead.
3. Â Union Pacific Corp (UNP)
There are signs of trend failure for Union Pacific stock (UNP) unless it is able to recoup the “area of the breakdown” into Friday’s close. For now, this is the first evidence of a 10-month breakdown… will need to see a quick recoup to avoid further selloffs in the days/weeks ahead.
4. Â Honeywell (HON)
Honeywell’s stock breakdown last month below key trend line support makes this appear like a giant topping pattern. I believe the stock (HON) should be avoided until it can get back over 110 on a weekly close.
For now Honeywell’s stock appears vulnerable to further weakness down near 100 before any real stabilization.
5. Â McDonalds (MCD)
MCDonalds dramatic selloff from 135 to down under 115 in the last five months has stripped away nearly 50% of the gains from late 2015. That said, McDonalds stock (MCD) is nearing very important long-term support given its intermediate term pattern.
I think MCD is worth considering as an attractive technical trading long on this decline down at 105-107 given its prior structural breakout above this long-term base. Despite the steep downtrend in effect for McDonalds, its only about $5 away from fairly important intermediate-term support. The area at 105 lies near 61.8% Fibonacci support of this prior breakout.
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