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Thursday, January 03, 2013 

Top stocks on my watch list for Friday January 4th

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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.

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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. 

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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.

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After two weeks of resting Trina Solar Limited (NYSE:TSL) is in breakout mode again. 

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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

During the day I tweet many times to my readers. I encourage everybody to subscribe AC Investor Blog  twitter and newsletter, so you can receive my trade ideas and stock news in real time.  

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.

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About Me

  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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