By InTheMoneyStocks.com on January 26th, 2010 12:31pm Eastern Time
Many of the stocks highlighted last Friday and over the weekend are continuing their run into general targets. JASO was the latest to get there with an ultimate target of a cross of $5.00. It just hit $5.04 a little while ago. In addition, stocks like TAN are up again nearing a target of $9.45 and Chief Market Strategist Gareth Soloway took half off the table on FSLR at $115.38 and is holding the rest with a break even stop for a target of $117.09. XOM is getting a solid bounce today while all the other plays mentioned are inching higher as well.
Another correct call on the overall market as Chief Market Strategist Gareth Soloway went bullish for a 1-3 day bounce as of Friday's close. The futures overnight were under quite a bit of pressure but have recovered as the indexes have all gone positive. At this point a majority of profits should be taken with just a few remaining half long positions. All remaining half positions should have a break even stop.
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