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I Have Two Hot Stocks For You 4-Jan-2011

|Includes:MTL, NiSource Inc. (NI)

Hello trader I have two hot stocks for you although the general markets go down today. I think these stocks would give you some profits if you hold it until several weeks.

 

The first stock is Nisource Inc (NYSE:NI). The stock price makes its new 52 weeks high, crosses both its rectangle and "double bottom" patterns with rising volume. The 20 days moving average also crosses above the 50 days moving average, indicating that the stock is going to jump higher. And the last about this stock is the slow stochastic gives some bull signals too. Since rectangle pattern is a powerful pattern and the stock just breaks the 4-months pattern, so I think the stock would go until several weeks ahead.

The second stock is Mechel Steel Group OAO (NYSE:MTL). The stock price makes its new 52 weeks high with huge volume and crosses above its cup without handle resistance. Beside that, the slow stochastic also shows some bull signs too. The stock has just made its new high and there are many buyers who want to get this stock, so I think this is a quite hot stock and probably would go higher until several weeks ahead.

Goodluck!



Source:
Protege Analytics - Stock Picks of The Day

 

Stocks: NI, MTL