Two Movers Coming Monday |
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By M.E.Garza |
Sunday, 03 April 2011 06:27 |
![]() "The entire U.S. stock market is on the verge of a major breakout", says Roberto Pedone from Stockpickr. "The bears aren't going to want to hear this, but all three major U.S. indices are within a stone's throw of taking out their 52-week highs. To put things even more into perspective, this was the best first quarter for stocks since 1998." Actually, we agree. When the Fed is pumping as much as he is now into the economy, two things are most likely to happen: inflation and very bullish markets. So let's all make some good money trading in order to afford all those higher prices for the goods we consume. What choice do we have, really? Here is a glimpse of the technicals that certainly appear to back-up the thesis:
As usual, we're going to do our part to make sure the Bulls win, so on Monday, I'm going to alert two stocks which I believe are set to break-out much higher within days and may continue to climb higher on positive pending news catalysts. One of the stocks has been on my watchlist as undervalued for some time, but I warned readers not to touch it until that overhang situation was cleared up. After seeing some of the recent trading action and confirming that this is the case, I'm ready to profile and issues a trade alert and report on that company this week. I see that they have a critical milestone coming up which should easily take shares from the stock higher. Again, I will give you all the details on Monday shortly AFTER the market opens. The reason for this is that we don't want the stocks to gap up. That only puts additional pressure on the stocks as market makers have a tendency to "walk down" the gappers, jump on board themselves, and then let the stock price ride up once they are in. That is a game I'd like to try to avoid here given the small float left in both of these shares. I'm 95% sure that both of these stocks will run based on technical factors; i.e. it appears one of them has an unsuspecting shorter holding somehwere between 2-3 million shares that will have to be covered. Again, I will issue a trade alert for our premium subscribers only shortly after the market opens on Monday. "Featured Content" profiles are meant to provide awareness of these companies to investors in the small-cap and growth equity community and should not in any way come across as a recommendation to buy, sell or hold these securities. BiomedReports is not paid or compensated by newswires to disseminate or report news and developments about publicly traded companies, but may from time to time receive compensation for advertising, data, analytics and investor relation services from various entities and firms. Full disclosures should be read in the 'About Us Section'. Add this page to your favorite Social Bookmarking websites ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() |