Hot Stock Watch

Hey folks,

Another day, another lost dollar? Hopefully not! I know today is another boring, quasi-negative trading day. Despite this there are some winners and even a breakout that you should keep your eye on.

First Marblehead Corp (FMD) has begun day two of its breakout of a cup with handle formation. From here, it can attack its 2 year high of roughly 74. Its a long stretch, but not impossible given the amount of buying interest that the stock is generating.

Also keep an eye on US Xpress Enterprises (XPRSA). The trucking firm has been on fire the last few weeks and it seems to be working on the right side of a 2-year base. So far the stock is in a confirmed uptrend and looks like a good buy at this level.

Although my Top Ten under $10 did not come off on a great start, there are a few winners that you should keep an eye on. BWEB, ARGN, AERTA and WILC are all doing just fine. I expect the other ones to pick up if market conditions soften up.

Good luck and trade light!