24 Red Hot Stocks Under 24 Bucks by Louis Navellier - 11.11.2007

Louis Navellier issued his "24 Red Hot Stocks Under 24 Bucks" FREE report this weekend. The following is my technical analysis of his 24 stocks to see whether it is a "buy" or not.

AMERICA MOVIL - AMX

Monthly chart looks a little toppy right now. Possible we get a deeper retracement off the $69 high.

ANGEION CORPORATION - ANGN

Monthly chart shows a deep retracement in progress off the $18.50 area high. We have currently made more than a .618 fib retracement of the whole move up. Chart remains bearish with no buy signal in sight.

ACERGY - ACGY

Monthly chart shows increased selling pressure. Look for possible deeper retracement. No buy signal evident.

TRANSCEND SERVICES - TRCR

Monthly chart shows resistance at the $25 area high. Sellers came out in force the last 2 weeks. Look for a test of the $13 support area, and for it to break. No buy signal in sight.

GUESS - GES

Monthly chart shows profit-taking and selling as the price hits the $57 area high. Look for further weakness, with $36 first downside target.

HOLLY CORPORATION - HOC

Monthly chart shows strong uptrend which was in place found profit-taking and sellers at the $80.50 level. Look for deeper retracement - with $31.50 possible downside target. No buy signal in place as of yet.

U.S. GLOBAL INVESTORS INC. - GROW

Monthly chart shows selling/profit-taking taking place. It has not yet stopped. Look for continued weakness and lower still.

GIGAMEDIA - GIGM

Monthly chart shows profit-taking/selling during the first 2 weeks of November. No sign that the selling has stopped as of yet.

BOLT TECHNOLOGY CORPORATION - BTJ

Monthly chart shows major resistance at the $45 level for now. Sellers came out in force in November, retracing almost all of the gains of October. No buy signal in place - look for continued weakness.

MAIDENFORM BRANDS - MFB

Weekly chart shows downtrend in place. No sign of buying as of yet.

GRAFTECH INTERNATIONAL LTD - GTI

Monthly chart shows a 3 wave abc corrective wave pattern into the $20 area high. November brought out the sellers who took price down to test the key LIS of $16. No sign of buying as of yet.

TERRA INDUSTRIES - TRA

Monthly chart shows strong uptrend in place. No sell signal evident. Look for pullback to enter long if buy signal/pattern becomes available.

BOSTON BEERS - SAM

Monthly chart shows strong selling the last 2 weeks. Look for retracement or pullback to enter sell short. No buy signal as of yet.

FLIR SYSTEMS - FLIR

Monthly chart shows early signs of selling.

SIMULATIONS PLUS - SLP

Monthly chart shows momentum has changed from up to down. Look for continued weakness and further downside.

SMITH MICRO SOFTWARE - SMSI

Monthly chart shows clear selling pressure. Look for continued weakness.

COMMSCOPE INC. - CTV

Monthly chart shows clear selling in progress. Look for continued weakness and further downside momentum.

VASCO DATA SECURITY INTERNATIONAL - VDSI

Monthly chart clearly shows selling pressure. No buy signal in sight. Look for continuation lower.

ZOLL MEDICAL EQUIPMENT - ZOLL

Monthly chart shows selling pressure evident. Look for continuation lower.

Also mentioned:

CASCADE CORPORATION - CAE

Monthly chart shows selling pressure. Look for continuation lower.

DARLING INTERNATIONAL INC. - DAR

Monthly chart shows a potential double top. Indecision between bulls and bears the last 2 months.

MANITOWOC COMPANY - MTW

Monthly chart shows selling the last 2 weeks. Sellers gapped down the price at the open in their haste to exit the stock. Currently there are no indications that the selling has stopped.

LHC GROUP - LHCG

Monthly chart shows buyers stepping back into stock after a deep retracement off its highs.

HAYNES INTERNATIONAL INC. - HAYN

Monthly chart shows buyers trying to take the price higher but were met with selling pressure the last 2 weeks. No signs that the selling has stopped as of yet.