Stocks to Buy May 28, 2009 5/28/09

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 28, 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 - 5/28/09 - Stock Market Ideas

Oculus Innovative Sciences, Inc. ( OCLS ) - OCLS stock continues to break out after the company told investors it received FDA approval. OCLS was heating up in afternoon trading after breaking above $2.80 resistance in the morning session. Keep an eye on $4.01 which is the 52 week high.

MAP Pharmaceuticals Inc. ( MAPP ) - MAPP continues to surge from yesterday's late stage trial data. MAPP was upgraded this morning with a price target of $12-$15 per share. The volume is heavy and I would imagine MAPP stock will be an active stock for day traders for days and weeks to come.

Keryx Biopharmaceuticals ( KERX ) - KERX stock is hitting a new 52 week high on Wednesday as the company prepares to present at the upcoming ASCO conference.

Financials: I continue to watch the normal bank stocks but they are boring at the moment due to the huge run-up we've seen since March 2009.

Direxion Daily Financial Bear 3X Shares (FAZ)
Direxion Daily Finan. Bull 3X Shs(ETF)(FAS) - After closing above $9.30 yesterday, FAS tested $10 but failed at $9.99 on Wednesday. A close below $9.30 would be bearish and i'd then look for a retest of $8.60 or below. The S&P 500 is looking very tired and is having problems remaining over 900. This may be a great time to jump back into FAZ again.

Citigroup Inc (C:NYSE) - Citigroup continues to hold $3.60 and remain resilient no matter what the stock market does. I will be watching a break above $4 as a sign to get back into Citigroup stock.

Bank of America Corp. (NYSE:BAC) - BAC stock is trading right around the 10 day moving average at $11.20. A break above $12 from this point forward would be bullish.

Hemispherx Biopharma, Inc. (HEB) - I continue to watch HEB, expecting an FDA decision on their drug Ampligen due out in the next week or two. HEB has some resistance around $1.80 and then $2.03 which is the 52 week high.

Cell Therapeutics, Inc. (CTIC) - Watching CTIC stock right now is watching paint dry. CTIC will be reporting data at the upcoming ASCO conference this weekend and at any moment this stock can move. Keep an eye on $1.37 on the upside for a sign of a break out.

Other Stocks to Watch - 5/28/09

Oxigene Inc. (OXGN)
Avis Budget Group, Inc. (CAR)
SanDisk Corp. (SNDK)
Sequenom Inc. (SQNM)
A-Power Energy Generation Systems, Ltd. (APWR)
OncoGenex Pharmaceuticals, Inc. (OGXI)
Anadigics, Inc. (ANAD)
Suntech Power Holdings Co. Ltd. (STP)
Tessera Technologies Inc. (TSRA)
BioCryst Pharmaceuticals Inc. (BCRX)
Solarfun Power Holdings Co. Ltd. (SOLF)
Perfect World Co., Ltd. (PWRD)
Yingli Green Energy Holding Co. Ltd. (YGE)
Amylin Pharmaceuticals Inc. (AMLN)

Penny Stocks to Watch - May 28, 2009

Angiotech Pharmaceuticals Inc. (ANPI)
Somaxon Pharmaceuticals, Inc. (SOMX)
Harris Interactive Inc. (HPOL)
Authentidate Holding Corp. (ADAT)
EntreMed Inc. (ENMD)
Peregrine Pharmaceuticals Inc. (PPHM)
Cell Genesys, Inc. (CEGE)
CDC Corp. (CHINA)
AVI Biopharma, Inc. (AVII)

Short ETF's to Watch:

UltraShort 20+ Year Treasury ProShares (TBT)
UltraShort Financials ProShares (SKF)
UltraShort Real Estate ProShares (SRS)
PowerShares DB Crude Oil Dble Short ETN (DTO)
Direxion Daily Energy Bear 3X Shares (ERY)

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

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