Hot stocks to watch next week

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The stock has a very interesting technical chart as the stock looks to be ready for a good upside move. SOL closed up $.36 on Friday as it hit a high of $6.93 on the day. This high broke above Thursday’s high, which is another signal for an upside move. I'm a buyer of SOL again once it breaks Friday’s high and expect to see heavy volume drive the stock higher. From a technical standpoint, the daily chart shows the stock is in bull market with 50-day moving average on top over 200-day moving average. In addition, MACD and KD still show bullish sign as MACD is still above 0 and %K line is still above %D line. Keep the stock on your radar for next week.

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The stock bounced on Friday as the market rallied off lows. ERTS closed positive on the day as it looks to be ready for a reversal move. I'm a buyer of ERTS once it breaks through Friday’s high of $14.73.

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DRYS closed flat on Friday as the stock bounced off lows. The stock could be setting up for a relief bounce and I will be there if this occurs. Resistance for this move is $3.47, which reflects Friday’s high. DryShips is trading at 4x forward earnings, which means it's cheap. Keep DRYS on your radar for next week.

Other stocks to watch :

New 52-week High stocks

DLTR - Dollar Tree Inc
IDT - IDT Corp
BJ - BJ'S WHOLESALE CLUB
MIL - MILLIPORE CORP
VGR - Vector Group Ltd
CPNO - COPANO ENERGY LLC UTS
PTY - Pimco Corporate Opp
RGNC - REGENCY ENERGY
CIB - BANCOLOMBIA S A
HSFT - HiSoft Technology I

List of stocks whose MA 13 crossed above the MA 50 ( Bullish Cross )

FLIR - FLIR Systems, Inc.
WNDT - Windtamer Corp
BDORY - Banco Do Brasil SA
VPRT - Vistaprint Nv
SVNT - SAVIENT PHARMS
OMN - OMNOVA SOLUTIONS INCQ
ZAGG - Zagg Incorporated

List of stocks whose MA 13 crossed below the MA 50 ( Bearish Cross )

UNH - UNITEDHEALTH GROUP INC
CHK - CHESAPEAKE ENERGY CORP
NSM - NATIONAL SEMICONDUCTOR
AMGN - Amgen Inc.
DVN - Devon Energy Cp
UNP - UNION PACIFIC CORP
BTU - PEABODY ENERGY CORP
RRI - Rri Energy Inc
KGC - KINROSS GOLD CORP
D - DOMINION RESOURCES
OXY - OCCIDENTAL PETROLEU
JBLU - JetBlue Airways Cor
CNQ - Canadian Natural Re
CI - C I G N A CORP
EOG - EOG Resourses
WYNN - Wynn Resorts LTD
SQNM - Sequenom, Inc.
EIX - EDISON INTERNATIONAL
ICE – INTERCONTINENTALEXC
KOG - KODIAK OIL & GAS CP
NVE - SIERRA PACIFIC RESOURCES
GMXR - Gmx Resourcs Inc

Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.

Have a nice weekend !!!

AC

Labels: DRYS, ERTS, SOL