Stocks to Buy May 12, 2009 5/12/09

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 May 12, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here

Discuss Stocks - www.stockstobuy.org

Stocks to Watch - 5/12/09 - Stock Market Ideas

Financials: Was this a one day dip in the financials or the start of a bigger pullback? I continue to watch the following bank stocks for trading opportunities.

Direxion Financial Bear 3X Shares (NYSE: FAZ)
Direxion Financial Bull 3X Shares (NYSE: FAS) - If $10 fails, I will be jumping into FAZ

Citigroup Inc (C:NYSE) - Citigroup stock is hanging in there after skyrocketing last week, support is $3.70 and then $3.50. Expect fireworks when Citi breaks through $4.48.

Bank of America Corp. (NYSE:BAC) - BAC stock broke Friday's low of $13.55, waiting for B of A to get back above this level before I trade it on the long side.

Wells Fargo & Company (NYSE:WFC) - WFC still has support at around $24....should be a solid support level just above the recent stock offering.

Huntington Bancshares Inc. (HBAN) - I believe I just heard Jim Cramer say on CNBC that he'd rather own HBAN better management. ( Out of all the Regional Bank Stocks ). HBAN is now over the 200 day moving average at $5.66. The 200 day should act as a nice support level going forward.

Fifth Third Bancorp ( FITB ) - FITB stock bounced off the 200 day moving average Monday between $8.07-$8.09. FITB made a high today at $9.15 so that is your first resistance level and then you have $9.53.

Dendreon Corp. (DNDN) - DNDN quietly up 10% Monday after raising capital last week.

Cell Therapeutics, Inc. (CTIC) - CTIC stock is resting in the high $1.40's. I'd have to say CTIC wants to go higher and test last weeks high of $1.85. I will definitely be trading CTIC on Tuesday.

MGM Mirage (MGM) - Watching MGM on Tuesday, this stock has a nice turnaround Monday into positive territory while the market was down. Resistance at $14.01.

Other Stocks to Watch - May 12, 2009

Las Vegas Sands Corp. (LVS)
Frontier Financial Corporation (FTBK)
South Financial Group Inc. (TSFG)
UCBH Holdings Inc. (UCBH)
Conseco Inc. (CNO)
Ambac Financial Group, Inc. (ABK)
Dish Network Corp. (DISH)
Vanda Pharmaceuticals, Inc. (VNDA)
PetMed Express Inc. (PETS)

Penny Stocks to Watch - 5/12/09 - Yes, there are many!!

Corus Bankshares Inc. (CORS)
Elixir Gaming Technologies, Inc. (EGT)
RAM Holdings Ltd. (RAMR)
Noble International, Ltd. (NOBL)
Particle Drilling Technologies, Inc. (PDRT)
Angiotech Pharmaceuticals Inc. (ANPI)
Colonial Bancgroup Inc. (CNB)
Xinhua Sports & Entertainment Limited (XSEL)
Altair Nanotechnologies, Inc. (ALTI)
Hayes Lemmerz International Inc. (HAYZ)
NexMed Inc. (NEXM)
BioFuel Energy Corp. (BIOF)
Delta Petroleum Corp. (DPTR)
Rite Aid Corp. (RAD)
Sanmina-SCI Corp. (SANM)

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

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free