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Carla Pasternak's Premiere Issue of High-Yield International Just Released
Income expert Carla Pasternak's debut issue of High-Yield International covers a Taiwanese manufacturer yielding 9.5%... a rare Mexican monopoly yielding 13.4%... and other top-performing investments yielding up to 19.0%.
 

Government's Biofuel Timetable Could Spell +15,900% Growth
+15,900% growth might seem far-fetched... but it's not. In fact, it is mandated by law. And I've identified the ONLY stock positioned to capture this growth.

The Silver Lining to a Falling Dollar
Despite the U.S. national debt, there is a silver lining for income investors. This massive spending, combined with movement out of U.S. Treasuries, is going to take its toll on the dollar, and international income investors could reap the rewards in the form of higher dividends.



Stocks to Watch in the Coming Weeks

By Melvin Pasternak
Contributing Editor

Published:  January 10, 2005

Below you will find a list of companies that now look attractive as possible long or short trades for the coming weeks. Although I reserve my best trading ideas for my weekly Swing Trader newsletter, I actively follow over 500 stock charts each evening. In the course of this analysis, I often come up with many trading opportunities that have not yet set-up effectively, but that could nonetheless make for excellent short-term trades. Below you will find a few such ideas...

Long candidates:

SYMANTEC (SYMC, $23.79) -- Symantec is one of the world's leading antivirus software firms. The stock had been in a very strong uptrend last year, but that came to an end recently when the company announced plans to acquire Veritas Software (VRTS). In response to that news, the shares plunged more than $10 from their highs near $34. 

SYMC is now consolidating in a wide trading range between $23 and $26. I think the bad news is out on the stock and the reaction to the acquisition has been overdone. I will be a buyer above $26 if the technical signals are right.

LSI LOGIC (LSI, $5.83) -- LSI is a manufacturer of semiconductors. The stock delivered a strong move higher on Wednesday after the company raised its earnings guidance. LSI is now testing the $5.83 high set in late November. A break above this level could lead to a move toward $7. ADX and MACD have just given buy signals. OBV, often a leading indicator, has broken out above its November high.

Short Candidates:

FOSSIL (FOSL, $24.85) -- I highlighted Fossil several weeks ago when the stock was trading at $26.22. The company is a manufacturer of fashion accessories such as watches and jewelry. Since then, the shares have dropped below critical support at $26, then fallen to $23.35. The stock then recovered to near $26, but has since backed off. FOSL is up against downtrending 30- and 50-day moving averages. ADX remains on a strong sell signal.

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GILEAD SCIENCES (GILD, $33.55) -- I highlighted GILD last week when the shares were at $34.99. Gilead markets biotechnology products for the treatment of life-threatening diseases such as HIV and Hepatitis B. The stock is a member of both the S&P 500 and the Nasdaq 100. GILD hit a spike low this week of $31.95 on Wednesday before bouncing off support near $32. The stock continues to be on ADX and MACD sell signals.

 
Please Note: The above article was merely a small excerpt from an issue of our premium, short-term equity trading newsletter -- the Swing Trader. To view Dr. Pasternak's complete and most recent trading recommendations, which include entry points, price targets and stop loss levels, you'll need to subscribe to his weekly newsletter. To learn more about our Swing Trader service, please visit the following link:  http://www.StreetAuthority.com/subscribe.asp#st


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