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Stock Tips of The Day: Nanometrics Inc (NANO) 14-Jan-2011

|Includes: JPMorgan Chase & Co. (JPM), NANO

Hello trader the general markets rises today because of JPMorgan Chase & Co (NYSE:JPM) positive earnings results (Their income soared 47 percent in the fourth quarter). Our stock pick for today is Nanometrics Inc (NASDAQ:NANO) and let's see the analysis so you can decide whether it is a right stock for you or not.

The stock price breaks its cup without handle resistance with high volume. The stock makes its new 52 weeks high and the 20 days moving average also crosses above the 50 days moving average. The MACD and slow stochastic indicator also show some bullish signs. At last, the parabolic SAR starts to appear below candlesticks and tells us that the stock is going to rise soon. One thing I like from this stock pick is the volume. Many momentum traders buy breakout stock and Nanometrics Inc is a good breakout stock and I think the stock would go up until several weeks ahead.


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