Top High Tech Stocks To Own For 2014

I focus more on fundamentals to select the stocks that I trade and suggest on my site. However, I can't ignore technical analysis, and this week there were some very important things that appeared on some very long-term charts. With the S+P 500 (SPY) breaking above 1576 and the Dow Jones industrials (DIA) and the Transportation index (IYT) confirming the move to new all-time highs, the thirteen year secular bear market in stocks is over for now-- and based on history, will be probably for quite a while like for two or three more years.

Because of our lack of knowledge of long-term history, most in my generation were unaware that in the stock market, you usually have a long period where stocks outperform most asset classes and make incredible moves like Dow 4,000 to 14,000. However, then they suffer violent bear markets where they essentially lose 40-50% of their value and take years just to recover to former highs. This process usually plays out over a decade or more, until there is no faith or interest in stocks among most investors and then the process reverses itself over a similar long period. This same vicious pattern played out from the year 2000 until just the last few days-- meaning it lasted for thirteen years. This one was especially viscous because of the severity of the corrections and the extreme volatility the last violent leg down took in the crash of 2008.

Top High Tech Stocks To Own For 2014: AVEO Pharmaceuticals Inc.(AVEO)

AVEO Pharmaceuticals, Inc., a biopharmaceutical company, engages in the discovery and development of cancer therapeutics. The company?s lead product candidate, Tivozanib (AV-951), is a novel, highly potent and selective oral inhibitor of the vascular endothelial growth factor, or VEGF, receptors 1, 2, and 3. It is also leading the clinical development of AV-299, which includes conducting multiple Phase I clinical trials and preparing for the conduct of multiple Phase II clinical trials. The company?s product candidate in preclinical development is AV-203, a potent ErbB3 antibody that has demonstrated efficacy in vivo. It has strategic partnerships with OSI Pharmaceuticals, Inc., Merck, and Biogen Idec, Inc. AVEO Pharmaceuticals was formerly known as GenPath Pharmaceuticals, Inc. and changed its name to AVEO Pharmaceuticals, Inc. in March 2005. The company was founded in 2001 and is based in Cambridge, Massachusetts.

Advisors' Opinion:

• [By Roberto Pedone]

  Aveo Pharmaceuticals (AVEO), a biopharmaceutical company, is involved in discovering, developing and commercializing novel cancer therapeutics. This stock closed up 3.6% at $2.59 on Thursday.

  Thursday's Range: $2.46-$2.62
  
  52-Week Range: $2.25-$14.08
  
  Volume: 2.46 million
  
  Three-Month Average Volume: 1.84 million

  From a technical perspective, AVEO bounced higher here right off some near-term support at $2.50 with heavy upside volume. This stock recently gapped down sharply from around $5.50 to $2.25 with heavy downside volume. Following that move, shares of AVEO have started to bounce higher off $2.25 and off extremely oversold levels. The current relative strength index reading for AVEO is 19.11, which is an extreme oversold condition. Oversold can always get more oversold, but shares of AVEO are now starting to move within range of triggering a major breakout trade. That trade will hit if AVEO manages to take out some near-term overhead resistance at $2.71 and then once it clears its gap down day high of $3.01 with high volume.

  Traders should now look for long-biased trades in AVEO as long as it's trending above some key near-term support levels at $2.31 to $2.25 and then once it sustains a move or close above those breakout levels with volume that hits near or above 1.84 million shares. If that breakout triggers soon, then AVEO will set up to re-fill some of its previous gap down zone that started near $5.50. Some possible upside targets for AVEO if it gets into that gap with volume are $4 to $5.

Top High Tech Stocks To Own For 2014: American Manganese Inc (AMY.V)

American Manganese Inc., a junior resources company, engages in the acquisition, exploration, and development of metals in commodity markets in Canada and the United States. The company holds interest in the Artillery Peak manganese property in Arizona; and three manganese properties in British Columbia. It also holds interest in the Rocher Deboule property, an iron-oxide-copper-gold project; and the Brent and Lonnie niobium properties in British Columbia. The company was formerly known as Rocher Deboule Minerals Corporation and changed its name to American Manganese Inc. in January 2010. American Manganese Inc. was incorporated in 1987 and is headquartered in White Rock, Canada.

Top Heal Care Companies To Buy Right Now: Helios Advantage Income Fund Inc. (HAV)

Helios Advantage Income Fund, Inc. is a close ended fixed income mutual fund launched and managed by Brookfield Investment Management Inc. The fund invests in the fixed income markets of the United States. It invests a majority of its assets in below investment grade debt securities, which are bonds rated Ba1 or lower by Moody's Investors Service, Inc., BB+ or lower by Standard & Poor's Ratings Group. The fund benchmarks the performance of its portfolio against the Barclays Capital U.S. Corporate High Yield Index and the Barclays Capital Ba U.S. High Yield Index. It was formerly known as RMK Advantage Income Fund, Inc. Helios Advantage Income Fund, Inc. was formed on November 8, 2004 and is domiciled in the United States.

Top High Tech Stocks To Own For 2014: Servotronics Inc.(SVT)

Servotronics, Inc., together with its subsidiaries, engages in the design, manufacture, and marketing of technology and consumer products primarily in the United States. It operates in two segments, Advanced Technology Group (ATG) and Consumer Products Group (CPG). The ATG segment designs, manufactures, and markets various servo-control components that convert an electrical current into a mechanical force or movement, and other related products. Its servo-control components include torque motors, electromagnetic actuators, hydraulic valves, pneumatic valves, and similar devices that are principally sold to commercial aerospace, missile, aircraft, government related, medical, and industrial markets. This segment also produces metallic seals in various cross-sectional configurations that are used to fit between two metal surfaces to produce a secure and leak-proof joint. The ATG segment markets its products primarily through its professional staff to the United States Govern ment, government prime contractors, government subcontractors, commercial manufacturers, and end users. The CPG segment designs, manufactures, and sells various cutlery products, including steak, carving, bread, butcher, and paring knives for household use and for use in restaurants, institutions, and private industry; pocket and other types of knives for use in hunting, fishing, and camping; and machetes, bayonets, and other types of knives for military use. This segment also produces and markets other cutlery items, such as specialty tools, putty knives, linoleum sheet cutters, field knives, and other edged products. The CPG segment markets its products through sales personnel and independent manufacturers? representatives to hardware, supermarket, variety, department, discount, gift, and drug stores, as well as to various branches of the United States Government primarily under the ?Old Hickory? and ?Queen? brand names. Servotronics, Inc. was founded in 1959 and is based in Elma, New York.

Top High Tech Stocks To Own For 2014: Investors Bancorp Inc.(ISBC)

Investors Bancorp, Inc. operates as the holding company for Investors Savings Bank that provides a range of banking services in the United States. The company accepts deposits and originates loans. Its deposit products include savings accounts, checking accounts, money market accounts, and certificates of deposit. The company offers commercial real estate, construction, multi-family, and commercial and industrial loans; and consumer loans, including home equity loans and home equity lines of credit, as well as mortgage loans secured by one-to four-family residential real estate. As of December 31, 2010, it operated 82 full-service branch offices located in Essex, Hunterdon, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Union, and Warren Counties, New Jersey; Nassau and Queens, New York; and Massachusetts. The company was founded in 1926 and is headquartered in Short Hills, New Jersey. Investors Bancorp, Inc. is a subsidiary of Investors Bancorp, MHC.