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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:  April 18, 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:

FLOWSERVE (FLS, $25.69) -- This company manufactures flow control equipment for use in applications such as oil wells and power generation. Despite the correction in both oil stocks and the broader S&P 500, FLS has held steady in recent weeks. The stock has found support above its rising 50-day moving average, which currently sits at roughly $25.20. Relative strength is good. When strength returns to the market, I think FLS can test resistance just above $28.

JOHNSON & JOHNSON (JNJ, $69.40) -- Investors rotated money back into pharmaceutical and healthcare stocks last week, as these sectors often serve as safe havens in a down market. Longer term, JNJ has one of the highest relative strength lines in the group. The stock continues to rise above ascending 50- and 150-day moving averages. In addition, ADX and MACD are both on buy signals.

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Short Candidates:

MERRILL LYNCH (MER, $53.09) -- I highlighted shares of this brokerage giant as a possible short candidate two weeks ago when the stock was trading at $55.95. The stock is in a strong downtrend and is showing poor relative strength versus the overall market. MER recently broke below its 150-day moving average at $56.59. ADX and MACD are both on strong sell signals. The stock is oversold, but if the market remains weak, then MER could drop into the low $50s.

DR HORTON (DHI, $26.91) -- I flagged this major U.S. homebuilder as a possible short candidate last week when the stock was trading at $29.09. Shares of DHI fell sharply last week, closing well below their lower Bollinger band. This is one of the weaker stocks that I track in this sector. The shares peaked at $34.58 in early March and have been falling steadily since. The stock is trading below its 50-day moving average. DHI should fall to $25 if the market remains weak.

Special Deal for our Web Site Visitors -- Act today and we'll send you a five-part trading course, three in-depth research reports, plus one full year of Dr. Melvin Pasternak's Swing Trader newsletter, all for just $99 per year. Visit the link below for further details:
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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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