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

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

Financials: The bank stocks surged higher Monday after pending home sales were up 3.2% in March. Here is a list of financials I am watching:

Financial Bull 3x ( FAS ) - FAS has resistance at $8.91 and support around $8.00. A close above $9.00 would be huge for this stock but many people are on the sidelines until the stress test results are released May 7th. If FAS starts to look weak, you can always jump into Financial Bear 3x ( FAZ ).

Citigroup ( C ) - Citi has been turning around lately and I will make a quick trade on a break up through $3.28. When Citigroup stock closes over $3.43, I think there could be a nice break out to the upside. Every time Citigroup has retraced back to $2.60-$2.70 it has been quickly bought up. Regarding the stress test, Wall Street doesn't seem to mind that Citi will need to raise another 10 billion.

Bank of America ( BAC ) - Watching $9.89, a close above $9.89 will bring further upside to BAC stock. I don't see any resistance until $11.23. Wall Street seems to be ok with B of A needing more capital.

Wells Fargo ( WFC ) - Jim Cramer has a price target of $26 which was made the day WFC stock soared as they pre announced earnings. Only $3 away right now.

China Precision Steel, Inc. (CPSL) - CPSL stock was gaining on Monday due to the better then expected China Manufacturing data. CPSL is now approaching prices not seen since the first week of October 2008. I am watching $2.80, $2.98, and $3.43 resistance levels. I feel if one is broken, the next one will be tested. Another China stock that was surging today was China Direct, Inc. (CDII) - 15 times normal volume.

Cell Therapeutics, Inc. (CTIC) - CTIC stock continues to trend higher after a small correction in pre market trading this morning. I am still watching for a close above $0.49 for the fireworks to begin in my opinion.

Other Stocks to Watch - 5/5/09

ACADIA Pharmaceuticals, Inc. (ACAD)
Crosstex Energy LP (XTEX)
Crosstex Energy Inc. (XTXI)
CROCS Inc. (CROX)
China Architectural Engineering, Inc. (CAEI)
National Coal Corp. (NCOC)
Liz Claiborne Inc. (LIZ)
Century Aluminum Co. (CENX)
Canadian Solar Inc. (CSIQ)
Cott Corp. (COT)
MGIC Investment Corp. (MTG)
Fifth Third Bancorp (FITB)
Patriot Coal Corporation (PCX)
Regions Financial Corp. (RF)
Elan Corp. plc (ELN)

Penny Stocks to Watch - May 5th 2009

Granite City Food & Brewery Ltd (GCFB)
Edge Petroleum Corp. (EPEX)
Boise, Inc. (BZ)
PMI Group Inc. (PMI)
Lee Enterprises Inc. (LEE)
Anthracite Capital, Inc. (AHR)
Strategic Hotels & Resorts, Inc. (BEE)
Crystallex International Corp. (KRY)
OceanFreight, Inc. (OCNF)
Parallel Petroleum Corp. (PLLL)
RAM Energy Resources, Inc. (RAME)

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

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