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Stocks to Watch - 6/15/09 - Stock Market Ideas
Spongetech Delivery Systems, Inc. ( SPNG ) - SPNG had a roller coaster ride on Friday. Breaking $0.25 and running to $0.28 in the morning, then reversing and crashing below $0.20 all the way down to $0.08. Thirty minutes later, the stock was trading back at $0.16 again. This type of move has damaged the stock technically. Keep an eye on this stock for Monday but would be giving SPNG a few days to settle down. The company put this press release out at 2:40pm Friday afternoon:
SpongeTech(R) Delivery Systems, Inc., America's Cleaning Company(TM), (SPNG) is pleased to announced that the Company has secured approximately $6.4 million in new orders for the month of June to date. More and more retailers are beginning to order and carry various SpongeTech(R) products as the Company continues to nationally brand itself as America's Cleaning Company(TM). SpongeTech(R) products can be purchased is various retail outlets including drugstores, supermarkets, membership warehouse clubs, and big box stores
Hemispherx Biopharma, Inc. (HEB) - Still waiting for an FDA decision on drug Ampligen. HEB stock is back over the 10 day moving average but has been fighting resistance at $3.
Cell Therapeutics, Inc. (CTIC) - CTIC sold off Friday on normal volume. Before the last major run above $2.00, $1.37 was the previous resistance level. $1.37 now becomes support and so far it held as CTIC hit a low of $1.38 on Friday. A break back above $1.47 could be good for a trade on Monday.
Capstone Turbine Corp. (CPST) - CPST is another stock to watch on Monday - so far it has been trading around $1.20 for most of the afternoon. I will wait for it to break through the high of the day on Monday before I get back in.
Sequenom Inc. (SQNM) - Keep an eye on SQNM shares Monday as the volume was very high on Friday. No news that I can find but any positive news out of this company will make shares jump hard.
E*TRADE Financial Corporation (ETFC) - Etrade stock was flying on Friday, if it breaks the $2.00 resistance level I will jump in for a trade. ETFC also has major resistance around $2.60 as well.
Direxion Daily Financial Bear 3X Shares (FAZ)
Direxion Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS stock is looking very tired once again! Remains over $10 but can't seem to break the $10.80's. Keep an eye on $9.82, a break below that level on the FAS will force me to jump in FAZ for a trade.
Citigroup Inc (C:NYSE) - Citigroup stock continues to be dead money after an exciting past 3 months. I am now looking to get long on a close above $3.70. Support is at $3.32-$3.34
Other Stocks to Watch - June 15, 2009
Savient Pharmaceuticals, Inc. (SVNT)
AspenBio Pharma Inc. (APPY)
WSP Holdings Ltd. (WH)
M&F Worldwide Corp. (MFW)
China Direct Industries, Inc. (CDII)
Saks Incorporated (SKS)
Merge Healthcare Incorporated. (MRGE)
Rambus Inc. (RMBS)
Hutchinson Technology Inc. (HTCH)
Penny Stocks To Watch - 6/15/09
Velocity Express Corp. (VEXP)
MAGELLAN ENERGY NEW (MGLG.PK)
Sinoenergy Corporation (SNEN)
EpiCept Corporation (EPCT)
ICOP Digital Inc. (ICOP)
Grubb & Ellis Company (GBE)
UCBH Holdings Inc. (UCBH)
CombinatoRx, Incorporated (CRXX)
American Scientific Resources, Inc. (ASFX.PK)
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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