Thursday, January 10, 2008

Stock Picks: LC Dev, SNF, Ultro

Here are the stock picks as promised:

1. LC Dev

As seen in the chart above, volume is picking up for these two days signaling signs of breaking out. Next resistance is 0.465, once breakout of resistance will signal potential uptrend.

2. SNF Corp

This stock is one of the main focus for trading today as news states its proposed entry into Singapore''s healthcare sector through S$525 million acquisition of privately-held Healthway Medical Services. Target is one of country''s largest private outpatient medical service providers with more than 80 clinics. SNF, which used to distribute electronic products, will fund purchase with 2.62 billion shares at S$0.20/each, resulting in reverse takeover. Resistance is at 0.2, uptrend confirmed if breakout.

3. Ultro

This stock has been on my watchlist for quite some time as increasing volumes normally signals huge potential upside for this stock. Currently, this stock is giving clear signals again. Worth to take a punt.

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