Thursday, April 20, 2006

PXN into new highs

Yesterday the Powershares Lux Nanotech ETF (PXN - AMEX) was close to new year highs but today we finally have a decent breakout above the old resistance point with some decent volume to back it up.
The small nanotech industry is still an emerging market but already overperforming above the other market sectors.
Here is today's chart:

You can get more information on PXN here

I've found some other nanotech related companies that have attractive charts. Just remember these are small cap stocks with low volume. Keep always in mind the long term moves and not daytrading...
Amcol Intl Corp.

Nanophase Technologies Corp.

Veeco Instruments, Inc.


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