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JimVanMeerten (62.60)

3 Hot AMEX stocks - 1/4

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January 04, 2011 – Comments (0) | RELATED TICKERS: PLX , TSH , IEC

When I say hottest stocks I'm not talking revenue, earnings or fastest price appreciation.  My idea of hot is how many times this stock hit new highs recently.  I use Barchart new high/low screens then sort for frequency.  These are not buy recommendation but you might want to add these to your watch lists.

PLX - Protalix Biotherapeutics  -- is engaged in the provision of practice management services to the Affiliated Practices pursuant to long-term Administrative Services Agreements with separately organized affiliated professional associations. Under the Administrative Services Agreements, they have control over all non-orthodontic functions of the PA Contractors, including administrative, management, billing and support functions.

1 - 96% Barchart technical buy signal

2 - 19 new highs and up 16.17% in the last month

3 - Relative Strength Index is 69.09% and rising

4 - Trades around 10.13 which is well above its 50 day moving average of 9.30

TSH -- Teche Holdongs --   operates as the holding company for Teche Federal Bank that offers various financial services in Louisiana. Its consumer and commercial deposit product line includes checking accounts, money market accounts, savings accounts, demand and NOW accounts, and certificates of deposit. The company’s loan portfolio comprises one-to four-family residential real estate loans; construction loans; multi-family and commercial real estate loans; commercial non-real estate loans; land loans; home equity loans; and consumer loans consisting of loans secured by deposits, home equity loans, automobile loans, mobile home loans, and unsecured personal consumer loans. As of September 30, 2009, Teche Federal Bank operated 20 offices in St. Mary, Lafayette, Iberia, St. Martin, Terrebonne, upper Lafourche, East Baton Rouge, St. Landry, and Ascension Parishes of Louisiana. The company was founded in 1934 and is based in New Iberia, Louisiana.

1 - 96% Barchart technical buy signal

2 - 17 new highs and up 8.75% in the last month

3 - Relative Strength Index is 69.26% and rising

4 - Trades around 34.70 well above its 50 day moving average of 32.28

IEC -- IEC Electronics -- a full service, ISO 9001 and 9002 certified, contract manufacturer employing state-of-the-art production utilizing both surface mount and pin-through-hole technology. IEC offers its customers a wide range of manufacturing and management services, on either a turnkey or consignment basis, including design prototyping, material procurement and control, concurrent engineering services, manufacturing and test engineering support, statistical quality assurance and complete resource management.

1 - 96% Barchart technical buy signal

2 - 17 new highs and up 29.83% in the last month

3 - Relative strength Index 76.60% and rising

4 - Trades around 7.76 which is above its 50 day moving average of 6.22

Jim Van Meerten is an advisor to Marketocracy Capital Managementwho uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or emailJimVanMeerten@gmail.com.

Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog. 

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