Stocks to Buy April 7, 2009 4/7/09

Monday, during regular trading hours, there were many stocks that continued to break out to the upside. Below is a list of stocks that are worth watching for April 7, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here

Stocks to Watch - 4/7/09 - Stock Market Ideas

General Growth Properties, Inc ( GGP ) - GGP was a rocket stock on Monday. I bought this stock around 12:15pm at $0.938 and thought I sold it at $0.98. Thirty minutes later I checked my account and it turns out I only sold half.....I then sold the other half at $1.25. I make the most money when I find things in my portfolio I didn't sell lol. Anyway, this stock is breaking out on massive volume. As soon as it broke $1.00 it took off! $1.00 is now support. The volume in the first 2 1/2 hours was 10 million. The next two hours, GGP traded another 22 million shares. I will be watching this stock again tomorrow. Read this story before you start trading GGP.

TXCO Resources Inc. ( TXCO ) - TXCO is a stock worth watching as well. After bouncing off the 10 day moving average on Friday, TXCO is now breaking out. I will most likely wait for tomorrow and if TXCO breaks up through today's high of $0.75, I will jump in for a trade. I will also use a stop at $0.70. TXCO could be on its way back to the 50 day moving average at $1.04 as of Monday. I like this little natural gas company because they has a nice position in the Eagleford Shale in South Texas. If Natural Gas ever comes back, the EagleFord Shale is a hot spot!

MGM MIRAGE ( MGM ) - MGM Mirage Weighs Sale of Detroit, Gulf Casinos - MGM has really gone up over the past several trading sessions so i'd be careful here. Support is now at $6 and if enough buyers step into MGM stock, the upside could be around $8.00.

Dendreon Corporation ( DNDN ) - Dendreon shares continue to rise ahead of conference - I have been watch DNDN all day and noticed it is having a hard time getting back above $7. If we open above $7 Tuesday, Dendreon could be subject to another upside move. I haven't traded this yet however. Waiting for a dip!

Financials: I am also watching the following financials on Tuesday, one day after the Mike Mayo report caused a sell-off.

Citigroup ( C ) - Needs to stay above $2.72 - 10 day moving average
Bank of America ( BAC ) - BAC stock needs to stay above $7.20 - 10 day moving average
Financial Bull ( FAS ) - Needs to stay above $6.47 - 50 day moving average
Financial Bear ( FAZ ) - A break above $17.24 would be bullish!!

Other Stocks on my Radar for Tuesday - Includes Penny Stocks

Applied Energetics, Inc. ( AERG )
Satyam Computer Services Limited ( SAY )
Ford Motor Company ( F )
Orsus Xelent Technologies Inc. ( ORS )
Meruelo Maddux Properties, Inc ( MMPI )
Anthracite Capital Inc ( AHR )
Riviera Holdings Corp. ( RIV )
Denison Mine ( DNN )
Unisys Corporation ( UIS )
Oilsands Quest Inc. ( BQI )
Infineon Technologies AG ( IFX )
Bank of Ireland ( IRE )
Zale Corporation ( ZLC )
Boyd Gaming Corporation ( BYD )
Las Vegas Sands Corp. ( LVS )
Cell Therapeutics ( CTIC ) - Hanging on to $0.40
MF Global Ltd. ( MF )
AMR Corporation ( AMR )
Spansion Inc. ( SPSN )

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks

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