Keep Your Eyes on the Prize #2 (12/21/05)

Hey guys,


Some stock that you should keep an eye on are....

ACR- yeah this one is one of my favs still. There was some nice buying on this past Friday (12/16). As long as the buying continues, it should do well. Also keep in mind that the stock is close to closing the gap between itself and the 50 day Ma. You should keep an eye on the technicals, especially if you are looking to open a position with ACR. I recommend buying at very low 25's or preferably in the 24's.

American Retirement Corp (ACR - NYSE) 3 Month chart: Current price = $25.25

ACR is looking healthy as ever. Like I said, if you are new to this stock and do not have a position, wait for a slight dip before jumping in.












ACR: 5 day Chart -hourly interval


Although ACR is below the daily MA, which signifies short-term weakness, I wouldn't worry unless you are trying to day trade it or scramble for a short day trade position. The fact is, there is more buying going on than selling. Notice the huge buys on Friday.








Methanex Corp (MEOH), a NASDAQ stock trading at 18.71 is a nice stock that has caught my attention. MEOH is in the Basic Chemicals industry and is one of the more attractive and technically strong stocks in the group. True to its name, the companies main chemical in production is Methanol which can be used to manufacture building materials, plastics, foam and even methanol fuel for certain vehicles.

Methanex Corp (MEOH - NASDAQ) 1 year chart: Current Price = $18.71


Notice that MEOH is in the process of finishing the right side of its base. Also note that bolume and money flow has started to increase as well.











Methanex Corp (MEOH) 3 month chart


The volume and accumulation increase is much easier to see in the 3 month chart. Take a look below and see why I like this stock.

I would like it to dip a little, possibly low 18's to high 17's. But its up to you when to buy.