Below is a list of some of the hottest stocks in the stock market right now. The following stocks are being discussed: YOKU, FFIV, LULU, FSLR, SLW, JNPR
Youku.com Inc (YOKU) - Youku.com Inc (YOKU) hit $55.30 on Friday which was a 52 week high. Youku.com Inc (YOKU) will now have resistance on the upside at $60. At some point, YOKU becomes a great short, not yet though.
F5 Networks, Inc. (FFIV) - F5 Networks, Inc. (FFIV) was upgraded on Friday and the stock turned around nicely. FFIV stock has seen major support around the $93 level but a close below this could result in a retest of $90. FFIV is a buy below $90.
Lululemon Athletica Inc. (LULU) - Lululemon Athletica Inc. (LULU) failed at $95 last week and pulled back to $90 on Friday. LULU issued positive guidance recently and has been on fire ever since. LULU is a strong buy on pullbacks below $80.
First Solar, Inc. (FSLR) - First Solar, Inc. (FSLR) continues to drop after hitting resistance at $160 recently. FSLR has support around $145. FSLR is a buy below $140.
Silver Wheaton Corp (SLW) - Silver Wheaton Corp (SLW) hit a 52 week high on Friday. SLW has been on a powerful run ever since I called a bottom near $30. SLW is a buy below $35 per share for the long term. Given the move in silver, I don't think we will see SLW fall below $35 for a long time.
