Stocks to Buy July 13, 2009 7/13/09

Friday, 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 July 13, 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 - 7/13/09 - Stock Market Ideas

Head and Shoulders Pattern - First, before I buy or watch any stocks, I must remind myself that the stock market is breaking down on a technical pattern called the head and shoulders formation. The neckline was broken on Tuesday and there is now a clear downtrend. How long will this last? Not very sure but I am looking for atleast 8000 to be tested before the downtrend ends. Rallies back to the 10 & 50 day moving averages should be sold. You can see my Dow Jones Analysis each day - Right Here

Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS showed further weakness on Friday after running up nicely on Thursday. I am looking to start buying some FAS stock around $35. As for FAZ, i'd be a buyer if FAS trades near $50. I will be watching some key bank earnings next week to give me guidance for the future.

Citigroup Inc (C:NYSE) - Citigroup stock was very strong in early trading on Friday but then totoally fell apart throughout the day. $2.55 was tested which held for the second time this week. $2.55 is now a key support level that must hold going forward or else I will be looking for the low $2.40's. On the upside, Citigroup has had six consecutive lower highs. I plan to buy when Citi breaks above $2.71 which was the July 8 high.

American Intl Group, Inc. (AIG) - AIG stock tanked in the morning hours Friday after closing below $10 on Thursday. After trading in the mid $8's in the first half hour of trading Friday, I believe the shorts took some profits and covered which sent shares above $12. $12 is where i'd be putting my stop if I was trading AIG stock right now. IF AIG holds $12 on a closing basis on Friday, I think it can trade into the $13's on Monday. $11 & $12 are very important right now. It has been hard to find shares to short so there is definitely a squeeze going on.

Continental Resources Inc. (CLR) - Bought some more CLR at $23 on Friday morning. Oil reversed and broke the high of the day at 2pm in the afternoon going into the close. There could be a bounce in oil prices next week. Very bullish reversal action in Oil right now as it trades back around $60.

General Electric Company (NYSE:GE) - General Electric (GE) is approaching support at $10.50 and $10. Check out my GE technical analysis. Earnings are due out next Friday.

Bank of America Corp ( BAC ) - Bank of America Corporation is struggling to get back above $12 now. Also, BAC has made 8 straight lower highs...very bearish. Next big event will be earnings next Friday. A close above $12.25 would be bullish.

Ford Motor Company (F) - Ford stock continues to make higher lows. This past week, $5.24 was the low which was higher then the $5.21 low in late June. $6 is now resistance as well as $6.54. I will be buying F Stock when it closes above $6.54.

Cell Therapeutics, Inc. (CTIC) - You can be a buyer of this stock as long as you know $1.22 is a low that must hold going forward. IF CTIC breaks $1.22, it has a chance to retest the $0.97-$1 MAJOR support level.

Hemispherx Biopharma, Inc. (HEB) - Investors and traders continue to wait for the FDA decision on their CFS drug, Ampligen. The long delay is starting to get old! Management remains silent. It's almost like they went on vacation without notifying investors.

Buy the Dip - Below is a list of stocks I would be buying on any strong pullback.

Visa Inc. (NYSE: V) - $56
MasterCard (MA) - $150
Apple (AAPL) - $120
Palm, Inc. (PALM) - $13
Research In Motion Ltd. (RIMM) - $57
Ford Motor Co. (F) - $5
First Solar (FSLR) - $141 or lower
Continental Resources Inc. (CLR) - Bought the dip 7/7/09
McMoRan Copper & Gold Inc. (FCX) - $36
Pyramid Oil Company ( PDO ) - $3.75
Fuqi International, Inc. (FUQI) - $14.50
AgFeed Industries ( FEED ) - $3.50
Fuel Systems Solutions, Inc. (FSYS) - $15
STEC, Inc. (STEC) - $18
Huntington Bancshares Inc. (HBAN) - $3

Other Stocks To Watch - July 13, 2009

Phazar Corp. (ANTP)
A-Power Energy Generation Systems, Ltd. (APWR)
MTR Gaming Group, Inc. (MNTG)
Stein Mart Inc. (SMRT)
AMERICAN INTL GRP PF (AVF)
Kennametal Inc. (KMT)
Harman International Industries Inc. (HAR)
Symyx Technologies Inc. (SMMX)
Tenneco Inc. (TEN)
American Axle & Manufacturing Holdings Inc. (AXL)
Amkor Technology, Inc. (AMKR)

Penny Stocks to Watch - 7/13/09

Prana Biotechnology Ltd. (PRAN)
Dana Holding Corporation (DAN)
LTX-Credence Corporation (LTXC)
KKR Financial Holdings LLC (KFN)
Phoenix Companies Inc. (PNX)
Joe's Jeans Inc. (JOEZ)
Pharmacyclics Inc. (PCYC)
Entercom Communications Corp. (ETM)
Gasco Energy Inc. (GSX)
Mattson Technology Inc. (MTSN)
TerreStar Corporation (TSTR)
FiberTower Corporation (FTWR)
CalAmp Corp. (CAMP)

OTC & Pink Sheets Stocks to Watch - 7/13/09

Discuss these at http://stockstobuy.org

FED NATL NTG PFD O (FNMFN.PK)
XO Holdings, Inc. (XOHO.OB)
BlackHawk Fund (BHWF.OB)
ACTIS GLOBAL VENTURE (AGLV.PK)
Washington Mutual Inc. (WAMUQ.PK)
Delphi Corp. (DPHIQ.PK)
WORLD TRANSPORT AUTH (WTAI.PK)
GLOBAL ENVIRONMTL EN (GEECF.OB)
Searchlight Minerals Corp. (SRCH.OB)
Genta Incorporated (GNTA.OB)
Plateau Mineral Development, Inc. (PMDP.PK)
Neah Power Systems, Inc. (NPWS.OB)
SpongeTech Delivery Systems, Inc. (SPNG.OB)

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