August 20, 2010 at 18:11 PM EDT
Hot stocks for next week
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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.
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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.
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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.

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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

Well, have a great weekend.

Your Fellow Trader,
AC
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