Stocks to Buy May 15, 2009 5/15/09

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 15, 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 - 5/15/09 - Stock Market Ideas

Financials: Most of the Bank Stocks rallied on Thursday after three straight days of weak trading. Going into the final two hours, the stock market has come off the highs. Below detailed list of stocks that I will be watching for Friday.

Direxion Financial Bear 3X Shares (NYSE: FAZ)
Direxion Financial Bull 3X Shares (NYSE: FAS) - FAS stock hit a low of $8.29 on Thursday before bouncing back to the $9.30 resistance level. I was expecting to see a capitulation down move in FAS on Thursday but did not see it. The 10 day moving average is all the way up at $9.97 so we could definitely see a retest of that price in the next few days. What happens after that is up in the air. I will let the stock price tell me what I need to know. A close back over $10 for FAS would be very bullish.

Citigroup Inc (C:NYSE) - Citi stock is trading back over $3.50 which is a good sign. $3.70 now becomes resistance on the upside as well as $4.00. If you follow moving averages, while the 10 day moving average is located at $3.56, the 50 day moving average continues to rise and is now $2.89. As always, waiting for that break above $4.41 and $4.48.

Bank of America Corp. (NYSE:BAC) - I am watching $11.78 which is the 10 day moving average. Also, If BAC falls below $10 I would be a buyer.

Huntington Bancshares Inc. (HBAN) - I like how HBAN bounced off the 10 day moving average this morning. I would be buying pullbacks to $4.

Fifth Third Bancorp (FITB) - FITB got close to the 10 day moving average and then bounced higher. I like pullbacks to $6.35 and below $6.

AgFeed Industries, Inc. (FEED) - A little update on Agfeed. The recent high is located at $4.65. I would be a buyer on a break above that level or a pullback to the rising 50 day moving average at $2.85.

Other Stocks to Watch - 5/15/09

Insight Enterprises Inc. (NSIT)
Genworth Financial Inc. (GNW)
Nektar Therapeutics (NKTR)
Gildan Activewear Inc. (GIL)
Rockwood Holdings Inc. (ROC)
Hartford Financial Services Group Inc. (HIG)
Conseco Inc. (CNO)
Atmel Corp. (ATML)
YRC Worldwide Inc. (YRCW)
Rambus Inc. (RMBS)
Superior Well Services Inc. (SWSI)

Penny Stocks to Watch - May 15, 2009

Power Medical Interventions, Inc. (PMII)
EntreMed Inc. (ENMD)
China Architectural Engineering, Inc. (CAEI)
Lee Enterprises Inc. (LEE)
Alanco Technologies Inc. (ALAN)
CytRx Corporation (CYTR)
BankUnited Financial Corporation (BKUNA)
Eddie Bauer Holdings, Inc. (EBHI)
Keryx Biopharmaceuticals Inc. (KERX)
Ambac Financial Group, Inc. (ABK)

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