Top stocks on my watch list for Friday January 4th

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AXT Inc AXTI is a fast moving and volatile play. Today the stock closed at the high of the day and above its 50-day SMA moving average for the first time since October. The technical chart shows a stock that's starting to breakout and I would look to the $3.60 area as the next point of resistance. Good pattern and accumulation. The bias is likely to remain positive as long as the stock sustains above 2.7. If we see follow-through tomorrow the stock might run hard. If you have not added AXTI to your watch list... now is the time. From a fundamental standpoint the company is interesting because has no debt, PE of 15.53, PEG of only 0.68, $1.42 cash per share and it is trading below book value of $4.44 per share. Keep AXTI on your radar screens.

 

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What a fantastic trading session for Vringo, Inc. VRNG. The stock pushed higher throughout the day and closed out the session right at its highs of $3.50 on stronger than normal volume. With the MACD turning up and above its signal line, this stock could post a nice rally from current levels. 

 

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Advanced Micro Devices, Inc. AMD - At this point my aggressive buy the breakout trigger is at $2.6 with a stop loss at $2.25 and an initial target at $3.

 

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After two weeks of resting Trina Solar Limited TSL is in breakout mode again. 

 

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Diana Shipping Inc.DSX had a very bullish move today breaking several resistance lines with heavy volume. With technical chart showing strength as MACD is above signal and RSI above 60, we could see the stock keep going up. Additionally, the accumulation/distribution line shows the stock has been under accumulation for six months now. Next resistance is at $8.11