Top stocks on my watch list for Friday January 4th
( click to enlarge )
AXT Inc (NASDAQ:AXTI) is a fast moving and volatile play. Today the
stock closed at the high of the day and above its 50-day SMA for the first time since October. The technical chart shows a
stock that's starting to breakout and I would look to the $3.60 area as
the next point of resistance. Good pattern and accumulation. The bias
is likely to remain positive as long as the stock sustains above 2.7. If
we see follow-through tomorrow the stock might run hard. If you have
not added AXTI to your watch list... now is the time. From a fundamental
standpoint the company is interesting because has no debt, PE of 15.53,
PEG of only 0.68, $1.42 cash per share and it is trading below book
value of $4.44 per share. Keep AXTI on your radar screens.
( click to enlarge )
What a fantastic trading session for Vringo, Inc. (NYSEAMEX:VRNG). The
stock pushed higher throughout the day and closed out the session right
at its highs of $3.50 on stronger than normal volume. With the MACD
turning up and above its signal line, this stock could post a nice rally
from current levels.
( click to enlarge )
Advanced Micro Devices, Inc. (NYSE:AMD) - At this point my
aggressive buy the breakout trigger is at $2.6 with a stop loss at
$2.25 and an initial target at $3.
( click to enlarge )
After two weeks of resting Trina Solar Limited (NYSE:TSL) is in breakout mode again.
( click to enlarge )
Diana Shipping Inc.(NYSE:DSX) had a very bullish move today breaking
several resistance lines with heavy volume. With technical chart showing
strength as MACD is above signal and RSI above 60, we could see the
stock keep going up. Additionally, the accumulation/distribution line
shows the stock has been under accumulation for six months now. Next
resistance is at $8.11
Labels: AMD, AXTI, DSX, TSL, VRNG
