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7 Hot Stocks on Traders' Radars

Barnes & Noble

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Nearest Resistance: $26

Nearest Support: $20

Catalyst: Major Nook Investment

Book seller Barnes & Noble (BKS - Get Report) is getting similar attention today, the result of a $300 million investment that Microsoft (MSFT) made in the new subsidiary that BKS created to control its Nook product and college bookstore businesses. The investment values BKS' subsidiary at $1.7 billion -- more than the bookstore's own market valuation right now.

>>5 Bargain Bin Stocks You Need to Buy Now

The massive gap up in shares of Barnes & Noble adds a lot of uncertainty to the way this stock is trading from a technical perspective. For traders looking to take advantage of the activity in this stock, I'd strongly recommend waiting for BKS to test a more substantial support level before becoming a buyer.

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SYM TRADE IT LAST %CHG
BKS $23.15 0.00%
HOLX $32.46 0.00%
MNST $136.90 0.00%
VECO $30.90 0.00%
AAPL $124.75 0.00%

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