Stocks to Buy May 1, 2009 5/1/09

Thursday, 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 May 1, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here

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Stocks to Watch - 5/1/09 - Stock Market Ideas

Fianancials: The Financial Bull ( FAS ) tested $9 Thursday but failed at $8.91. FAS is now back to support around $8.50. On the downside, $8 must now hold or it could be back to retest $7. I stopped trading FAS and FAZ as the stress test results are due out on Monday and don't want to get caught in a position. I will resume trading these on Tuesday.

MGM Mirage (MGM) - MGM stock exploded higher after the open, touching $9.94. $8 was then tested twice with a low of $7.90. At 2:30pm Thursday, MGM was back at $8.60. This will be an active stock tomorrow so I will surely be trading it again. For a trade, I like pullbacks to $7.50 or a break back through $9.

Other Stocks to Watch - May 1, 2009

Valassis Communications Inc. (VCI)
Bare Escentuals, Inc. (BARE)
Sunrise Senior Living Inc. (SRZ)
Orexigen Therapeutics, Inc. (OREX)
Green Mountain Coffee Roasters Inc. (GMCR)
Owens-Illinois, Inc. (OI)
Expedia Inc. (EXPE)
First Solar, Inc. (FSLR)
Newell Rubbermaid Inc. (NWL)
Dow Chemical Co. (DOW)
China Sunergy Co. Ltd. (CSUN)

Penny Stocks to Watch - 5/1/09

Convera Corp. (CNVR)
Oscient Pharmaceuticals Corp. (OSCI)
Human Genome Sciences Inc. (HGSI)
Drugstore.com Inc. (DSCM)

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