Wednesday, December 29, 2010

3 Hottest NASDAQ stocks

Hot stocks not only appreciate but consistently continue to hit new highs.  I found these while screening on Barchart for the NASDAQ stock that hit the most frequent new highs. Put these on your watch lists.

Fulton Financial (FULT) -- a bank holding company. It provides retail and commercial banking and investment management and trust services in central and eastern Pennsylvania, southern New Jersey, northern Maryland and southern Delaware through its wholly-owned subsidiaries: Fulton Bank, Lebanon Valley Farmers Bank, Swineford National Bank, Lafayette Ambassador Bank, FNB Bank, N.A., Great Valley Bank, Hagerstown Trust Company, Delaware National Bank, The Bank of Gloucester County, The Woodstown National Bank & Trust Company, and The Peoples Bank of Elkton.

  • 96% Barchart technical buy signal
  • 18 new highs and up 20.43% in the last month
  • Relative Strength Index 76.51% and rising
  • Trades around 10.55 well above its 50 day moving average of 9.32
Adtran (ADTN)  -- a leading global provider of networking & communications equipment, with an eighteen year history of profitability & a portfolio of more than one thousand four hundred solutions for use in the last mile of today's telecommunications networks. Widely deployed by both carriers & small & midsize businesses, Adtran solutions enable voice, data, video, and Internet communications across copper, fiber, & wireless network infrastructures. ADTRAN solutions are currently in use by every major U.S. service provider & many global ones, as well as by thousands of public, private and governmental organizations worldwide. It's product portfolio consists of different high-speed network access devices. In both service provider & enterprise networks, these products are used primarily in the last mile, or local loop, of the network, & in local area networks on the customer premises. The last mile is that segment of the network that connects end-user subscribers to a service provider's closest facility.
  • 96% Barchart technical buy signal
  • 17 new highs and up 16.48% in the last month
  • Relative Strength Index 75.72% and rising
  • Trading around 36.27 well above its 50 day moving average of 33.20
Pico Holdings (PICO) -- A diversified real estate developer and holding company
  • 72% Barchart technical buy signal
  • 17 new highs and up 9.23% in the last month
  • Relative Strength Index 68.17% and rising
  • Trades around 32.20 well above its 50 day moving average of 30.74

Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.

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