Stocks to Buy May 14, 2009 5/14/09

Wednesday, 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 14, 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 - 5/14/09 - Stock Market Ideas

Financials: Bank Stocks were weak for the third straight day but even worse after the spike late in the day on Tuesday. I continue to monitor the following stocks to see if we get another classic end of the day rally. If not, we could have one more plunge in the morning Thursday followed by a bounce. Below is a list of financial stocks and what I am watching regarding them.

Direxion Financial Bear 3X Shares (NYSE: FAZ) -
Direxion Financial Bull 3X Shares (NYSE: FAS) - FAS made a $9.08 low on Tuesday and closed below $10. On Wednesday, FAS broke below $9.08. The next level I am looking at is $8.09 which was the low on April 30th. If that doesn't hold I think FAS could retest the the 50 day moving average which is currently at $7.08 and rising. I am looking to either buy FAS starting at $8.09 or if it gets back over $10.

Citigroup Inc (C:NYSE) - Citigroup needs to hold $3.50 on a closing basis or I wouldn't touch it until $3 or it gets back over $3.50. $3-$3.50 has been no mans land over the past few months. I will also be buying Citi when it break $4.48.

Bank of America Corp. (NYSE:BAC) - The 10 day moving average is around $11.57 and rising. BAC will have better support at $10 and also the 50 day moving average ( $8.18 ) which is rising every day. These are two areas I will be buying for a trade.

Wells Fargo & Company (NYSE:WFC) - WFC stock continues to find buyers just above $24....they won't let it break.

Converted Organics Inc. ( COIN ) - Coin was on fire again Wednesday hitting $2.62. I like pullbacks under $2

Other Stocks to Watch - May 14, 2009

UltraShort Real Estate ProShares (SRS)
Direxion Daily Small Cap Bear 3X Shares (TZA)
Direxion Daily Emrg Mrkts Bear 3X Shares (EDZ)
UltraShort Basic Materials ProShares (SMN)
Direxion Daily Energy Bear 3X Shares (ERY)
UltraShort Russell2000 ProShares (TWM)
Men's Wearhouse Inc. (MW)

Penny Stocks to Watch - 5/14/09

Astrotech Corp. (ASTC)
On2 Technologies Inc. (ONT)
Power Medical Interventions, Inc. (PMII)
Ocean Bio-Chem Inc. (OBCI)
Source Interlink Companies, Inc. (SORC)
Emisphere Technologies, Inc. (EMIS)

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

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