October 1, 2004
SpeculatingStocks.com Stock Pick: Nanophase Technologies Corp (NANX)
Stock Price: $5.67 (short-term strong buy)
Nanophase Technologies Corp provides nanoengineered solutions in applications for industrial products. They also provide custom nanoparticles, coated nanoparticles, and nanoparticle dispersions in a variety of media.
Nanotech stocks jumped huge on Friday. Our September 21st stock pick of TINY, another Nanotech stock, is already up over 12%. However, of the Nanotech stocks we have been following, NANX jumped the most Friday.
We believe NANX will continue to break out of its trading range and possibly hit $8.00.
Nanotech stocks trended higher this time last year. Shareholders in Nanotech stocks were rewarded even greater in late fall and early winter. It appears now is the time to take a position in your favorite Nanotech stock.
SpeculatingStocks.com Target Price: We see NANX trending above $8.00 in the next 1-3 months.