Stocks to Buy May 6, 2009 5/6/09

Tuesday, 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 6, 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 - 5/6/09 - Stock Market Ideas

Financials: The bank stocks appear to be heating up again as the stress test results get closer. The main financial stock I watch is the Financial Bull 3x ( FAS ). FAS stock hit $10 Tuesday morning, $0.05 shy of the April 2009 high. As you can see from my FAS chart, this is a big resistance area. Do you think the stock market has topped? If you do, you might want to buy some Financial Bear ( FAZ ) either as a short play or to protect your long positions. When you see FAS break through $10.05, you can sell FAZ at a small loss and re access.

Citigroup ( C ) - Citigroup stock broke out Tuesday morning above the $3.35 high back in late April. The daily high was $3.47 on Tuesday which is the only resistance level holding Citi from testing $3.89 and above. Volume is very strong!!

Bank of America ( BAC ) - BAC stock hit $11.12 Tuesday morning, just shy of the mid April high of $11.58. A break above $11.58 and I think you will see further upside.

Pacific Ethanol, Inc. (PEIX) - PEIX stock is breaking out on no news. I am watching $0.68 resistance which is the high of 2009. If PEIX takes out $0.68, I don't see any selling pressure until at least $0.90.

Cell Therapeutics, Inc. (CTIC) - CTIC will close above previous resistance of $0.49 Tuesday. The next level I see is the 200 day moving average located at $0.78. I will be buying pullbacks back to $0.49 and under.

MGM Mirage (MGM) - The casino stocks such as MGM and LVS have been on fire. MGM could go back to the 200 day moving average before the sellers step in. The 200 day moving average is located at $14.92. After $14.92, there is resistance at $16.89.

Ambac Financial Group, Inc. (ABK) - ABK stock was breaking out all day Tuesday. Currently at $1.30, I don't see anything until the $1.60-$1.75 area.

Boeing Co. (BA) - Jim Cramer was out Tuesday saying he is putting a buy on Boeing and it is ready for a bounce. Jim Cramer thinks BA is the cheapest stock in the Dow Jones.

Other Stocks to Watch - May 6, 2009

CROCS Inc. (CROX)
Columbia Bancorp. (CBBO)
AtriCure, Inc. (ATRC)
MannKind Corp. (MNKD)
Headwaters Inc. (HW)
Crosstex Energy Inc. (XTXI)
Las Vegas Sands Corp. (LVS)
Geron Corporation (GERN)
Radian Group Inc. (RDN)
Genworth Financial Inc. (GNW)

Penny Stocks to Watch - 5/6/09 - There are a lot!

SIRIUS XM Radio Inc. (SIRI)
American International Group, Inc. (AIG)
BioFuel Energy Corp. (BIOF)
Lee Enterprises Inc. (LEE)
Global Energy Holdings Group, Inc. (GNH)
Dana Holding Corporation (DAN)
PMI Group Inc. (PMI)
Akeena Solar, Inc. (AKNS)
Teton Energy Corp. (TEC)
Verenium Corporation (VRNM)
Corus Bankshares Inc. (CORS)
Edge Petroleum Corp. (EPEX)
Eddie Bauer Holdings, Inc. (EBHI)
TXCO Resources, Inc. (TXCO)
Strategic Hotels & Resorts, Inc. (BEE)

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

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