INTU broke resistance today, hitting a new 52-week high. Today's high of $44.85 is resistance for the continuation move. At this stage, the stock is too extended for additional positions, and is in the overbought zone. I really like the chart but at this level I would wait for a pull back before putting any cash to work. Keep the stock on your radar. ( click to enlarge )
Sirius Satelite continues to hold $.95 but trade in a narrow range. Shareholders are probably getting frustrated because the stock doesn't move higher, however the short term uptrend line still intact. As long as the stock trades above this short-term support, investors can hold it with stop-loss at $.95. SIRI is a great company and I plan to buy the stock on a close over $1.02. ( click to enlarge )
MRVL - The stock had a nice breakout and I am looking for it to continue next week. I am buying MRVL once it breaks above today’s high of $16.73 on the continuation move.
( click to enlarge )
GNBT was another winner for my readers this week. The markets are continuing to pullback, but that didn't stop the stock from posting a gain of around 20% this week. Last time I alerted you to this stock we saw gains in excess of 10% ! And now, because the stock had a nice and healthy pullback, it could be a great time to score big with it again. Look at GNTB's wonderful chart ! Things are now beginning to turn in favor of Bulls. The stock could breakout again at any moment! Just look at the way it broke out of $.40 on strong volume! The trend is definitely your friend here. The MACD also confirms the recent jump and RSI shows that there's more upside to come. GNBT should be watched closely, it could pay off big if it shoots up from its current level. Keep a close eye on GNBT because once it does move, it should be a good one.
Other stocks to watch :
Cell Therapeutics, Inc. (NASDAQ:CTIC) - Waiting to buy when the stock closes above it's 50 day moving average located at $0.41. Until then, I remain on the sidelines.
Somaxon Pharmaceuticals, Inc. (NASDAQ:SOMX) - The stock continues the recent downtrend. I remain on the sideline until the stock closes back over the 50-day moving average located at $3.84.
New 52-week High stocks
INTU - Intuit Inc. AKAM - Akamai Technologies POT - POTASH CORP SASKATC CRM - SALESFORCE.COM INC CTXS - Citrix Systems, Inc. ENDP - Endo Pharmaceutical MKC - MCCORMICK & CO INC QSFT - Quest Software, Inc. AAP - ADVANCE AUTO PARTS INC EBIX - Ebix Inc SLH - Solera Holdings Inc HANS - Hansen Natural Corp
New 52-week Low stocks
BAC - BANK OF AMERICA CORP HPQ - HEWLETT-PACKARD CO GPS - GAP INC MDT - MEDTRONIC INC SPLS - Staples, Inc. HIG - Hartford Financial FNFG - First Niagara Financial BBT - BB&T CORPORATION BBY - BEST BUY CO INC CX - CEMEX S.A. CEG - Constellation Energy SVU - SUPERVALU INC RRC - Range Resources Corp HRB - BLOCK H & R INC STP - SUNTECH POWER HOLDINGS RTN - Raytheon Co PBCT - People's Bank MHS - MEDCO HEALTH SOLUTIONS MWW - Monster Worldwide Inc LNC - LINCOLN NATIONAL CORP ECA - EnCana Corp RRD - Donnelley (RR) & Sons ARRS - Arris Group Inc DV - DEVRY INC ESI - I T T EDUCATIONAL SVCS BCSI - Blue Coat Systems Inc CECO - Career Education Co KBH - Kaufman and Broad H STM - STMicroelectronics NV EQT - EQT Corporation KCG - Knight Capital COG - CABOT OIL & GAS CORP CTV - COMMSCOPE INC HLX - Helix Energy Solutions CSC - COMPUTER SCIENCES CORP UPL - ULTRA PETROLEUM CP CYH - COMMUNITY HEALTH SY VPRT - Vistaprint Nv PC - MATSUSHITA EL IND C QGEN - Qiagen N.V. LLL - L3 Comm EV - EATON VANCE CORP FII - FEDERATED INVESTORS OSK - Oshkosh Corp BKE - Buckle Inc PMC - Pharmerica Corp GDP - GOODRICH PETE CORP NEW