4 Bullish Stocks To Buy Now Under $20: ETF, FTE, DAN, JAKK

2 of the 4 stocks featured in today’s best stocks to buy now under $20 bear the ever bullish sign of the “Golden Cross“. The bullish sign is when there’s a stock’s short-term moving average (such as 50-day moving average) crossing over the stock’s long-term moving average (such as 200-day moving average) or resistance level.

The 4 stocks, ELT, FTE, DAN and JAKK, make up today’s best stocks to buy now under $20 list for February 24, 2012, all upgraded or initiated coverage to a “buy” rating recently from Wall Street analysts and all considered good stocks to buy under $20:

Elster Group SE (NYSE: ELT), a world leader in measuring and improving the flow of natural gas, electricity and water in more than 130 countries, was upgraded by analysts at Bank of America from a “neutral” rating to a “buy” rating. ELT closed Thursday, February 23, 2012 at $14.60, up +0.22 (+1.53%) on volume of 175,522. ELT is trading:

  • 8.05% above its 50-Day Moving Average, 13.51,
  • 1.12% above its 200-Day Moving Average, 14.44,
  • in the middle of its 52-Week Range of 11.5217.74,
  • with a Short Ratio of 0.40

France Telecom SA (NYSE: FTE), the fixed line and mobile telecommunication leader of France with their trademarked name: Orange, was upgraded by analysts at ING Group from a “hold” rating to a “buy” rating. FTE closed Thursday, February 23, 2012 at $15.56, up +0.04 (+0.26%) on volume of 1,062,578. FTE is trading:

  • 2.98% above its 50-Day Moving Average, 15.11,
  • -6.13% below its 200-Day Moving Average, 16.58,
  • near the bottom of its 52-Week Range of 14.5023.70,
  • with a Short Ratio of 1.10

Initiated Coverage

Dana Holding Co. (NYSE: DAN), a global leader supplying driveline products (axles, driveshafts, and transmissions), power technologies (sealing and thermal-management products), and genuine service parts for light- and heavy-duty vehicle manufacturers, is now covered by analysts at Credit Agricole. DAN closed Thursday, February 23, 2012 at $16.20, up +0.41 (+2.60%) on volume of 3,524,625. DAN is trading:

  • 7.59% above its 50-Day Moving Average, 15.06,
  • 24.23% above its 200-Day Moving Average, 13.04,
  • past the middle of its 52-Week Range of 9.4519.35,
  • with a Short Ratio of 4.10

Credit Agricole set a “buy” rating on DAN.

JAKKS Pacific, Inc. (NASDAQ: JAKK), a top 5 U.S. player in the toys and leisure products focused on designing, developing, producing and marketing toys, leisure products and writing instruments for children and adults globally, is now covered by analysts at Ascendiant Capital Markets. JAKK closed Thursday, February 23, 2012 at $15.77, up +0.62 (+4.09%) on volume of 391,510. JAKK is trading:

  • 7.09% above its 50-Day Moving Average, 14.73,
  • -6.54% below its 200-Day Moving Average, 16.87,
  • at the low end of its 52-Week Range of 13.2921.21,
  • with a Short Ratio of 16.50

Ascendiant Capital Markets set a “buy” rating on JAKK.

Fundamental company data provided by Capital IQ:

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