The new year started out with a stock market rally on the morning of January 4, 2010. A lot of stocks were rising, but I believe the best stocks long-term are in the oil sector and selected tech stocks.
One oil company that is worth owning is Toreador Resources, ticker TRGL. They reportedly have possibly billions of barrels of oil in the ground on the outskirts of Paris in France. The stock price has been trending above its 50 day exponential moving average.
A tech stock that rates a strong buy is Electro-Optical Sciences, ticker MELA. This company makes medical devices, and they currently manufacture a hand-held imaging device that accurately analyzes skin lesions that could be cancerous. The stock price has more than doubled from the March 2009 low. Currently, it is rising slowly along its 50 day moving average line, slightly above and below at times.
To see other stock picks and economic information, go to www.ClusterGains.com.
About Me
- John
- Harrison, TN, United States
- 19 years of stock market experience trading thousands of stocks. Please do your own research and consult with a financial adviser before buying anything. I am not responsible for any losses. My ideas are just suggestions that may be profitable sometimes but not always since the stock market is constantly changing. Please write to me if you wish, jso10130@yahoo.com. My main website is http://www.fibonacci-stocks.com where I discuss stocks extensively.
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