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 July 15, 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 - 7/15/09 - Stock Market Ideas
American Intl Group, Inc. (AIG) - AIG opened up and ran to $16.20 at the open on Tuesday and then sold off down to $13.65. This is the range I will be watching for the next several trading sessions. There is resistance around $15.25 and support at $14.50 if you are trying to trade AIG stock actively. I will most likely be jumping into AIG stock for a trade on a break above $16.20. I would be shorting a break below $13.65 if I can find shares to short.
Fuqi International, Inc. (FUQI) - I am highlighting FUQI today because it had such a powerful reversal off $15 this morning. If you look at the 5 day chart, FUQI has formed a double bottom at $15. FUQI stock usually has atleast 5-10% moves daily both ways, a day traders dream!
DryShips, Inc. (DRYS) - The Baltic Dry Index finally turned around Tuesday after a 9 day slide. Jefferies came out and reiterated a hold rating on DRYS stock as well. So this combined with bullish comments from Pete Najarian on Excel Maritime Carriers Ltd( EXM ) sent the dry bulk shipping stocks ( DryShips Inc ( DRYS ), Excel Maritime Carriers Ltd( EXM ), Diana Shipping Inc ( DSX ), Genco Shipping & Trading Limited ( GNK ), TBS International Limited ( TBSI ), Navios Maritime ( NM ), Eagle Bulk Shipping Inc. ( EGLE ), Paragon Shipping Inc. ( PRGN ), Star Bulk Carriers Corp. ( SBLK ), and OceanFreight Inc ( OCNF ) all higher Tuesday. Keep an eye on these stocks....I think they have a lot more room on the upside!
First Solar (FSLR) - I have been monitoring FSLR stock for about 2 weeks now as I want to start a long position. Waiting for FSLR to close back over the 10 day moving average ( currently $149.20 and falling daily ) and this is when I will buy half.
Potash Corp. of Saskatchewan (NYSE: POT) - Looking to buy under $82....I think it is time to start scaling back into the stock after a $30 drop.
Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS traded up to $44.25 on Tuesday as resistance continues to be at the $45 level. I am looking to buy FAZ for a trade if FAS trades up around $50. All eyes wil be on JPM, BAC, And C earnings later this week. I would be a buyer of FAS if it trades down below $37.50.
Citigroup Inc (C:NYSE) - Citigroup stock had another surge on Tuesday and traded near $3 in pre market. It appears traders are buying the stock before the earnings report on Friday. Support is $2.83-$2.85, a close below this level would be bearish for the short term and you'd probably see a retest of $2.60. A close above $3 would be bullish and you could see an additional surge to $3.20 - 3.25.
Bank of America Corp ( BAC ) - Bank of America Corporation is set to close over the 200 day moving average for the second time in two days which hasn't happened since the start of October 2008. Support is located at $12 which provides a very nice stop position going into earnings. Keep an eye on the next two major resistance levels which are $13.93 and $15.06. BAC is now a great long term buy in my opinion.
General Electric Company (NYSE:GE) - General Electric will be reporting earnings on Friday morning. I am watching support at $11.28 which is the 10 day moving average and $12.66 resistance which is the 50 day moving average. A solid earnings report would take GE stock back to the 50 day moving average easily!
Cell Therapeutics, Inc. (CTIC) - CTIC stock continues to hang out at the $1.37 support level with very low volume. Expect CTIC to trade sideways until the next major press release. A break below $1.22 at any time going forward would be bearish.
Hemispherx Biopharma, Inc. (HEB) - HEB stock continues to hold the 50 day moving average which has now turned up to $2 per share. A close below $2 would be very bearish from a technical point of view. Investors and traders continue to wait for the FDA decision on their CFS drug, Ampligen. Management continues to remain silent and refuses to update investors on the HUGE FDA decision delay. Also, Hemispherx Biopharma has been shut out of the U.S. government's efforts to stockpile vaccine against the H1N1 flu.
Other Stocks to Watch - July 15, 2009
Hi Tech Pharmacal Co. Inc. (HITK)
American Apparel, Inc. (APP)
Immunomedics Inc. (IMMU)
Interactive Intelligence, Inc. (ININ)
American Dairy Inc. (ADY)
USEC Inc. (USU)
Valhi Inc. (VHI)
Aerosonic Corp. (AIM)
La-Z-Boy Inc. (LZB)
Blue Nile Inc. (NILE)
FreeSeas Inc. (FREE)
Central European Distribution Corp. (CEDC)
Rightnow Technologies Inc. (RNOW)
Allied Irish Banks plc (AIB)
Xyratex Ltd. (XRTX)
Advantage Energy Income Fund (AAV)
Matrixx Initiatives Inc. (MTXX)
Penny Stocks to Watch - July 15, 2009
Corus Bankshares Inc. (CORS)
Nevsun Resources Ltd. (NSU)
Arlington Asset Investment Corp. (AI)
Discovery Laboratories Inc. (DSCO)
NetSol Technologies Inc. (NTWK)
AVI Biopharma, Inc. (AVII)
Colonial Bancgroup Inc. (CNB)
Ambac Financial Group, Inc. (ABK)
Somaxon Pharmaceuticals, Inc. (SOMX)
Nexstar Broadcasting Group Inc. (NXST)
Blockbuster Inc. (BBI)
Medis Technologies Ltd. (MDTL)
Mesa Air Group Inc. (MESA)
CIT Group, Inc. (CIT)
Capstone Turbine Corp. (CPST)
XTENT, Inc. (XTNT)
Kodiak Oil & Gas Corp. (KOG)
Antigenics Inc. (AGEN)
OTC & Pink Sheets Stocks to Watch - 7/15/09
Discuss these at http://stockstobuy.org
Tirex Corp. (TXMC.PK)
Zippi Networks, Inc. (ZIPN.PK)
Neohydro Technologies Corp. (NHYT.OB)
Neah Power Systems, Inc. (NPWS.OB)
Sarissa Resources, Inc. (SRSR.PK)
Dynamic Response Group, Inc. (DRGZ.OB)
GENTA INC (GETA.OB) - Used to be ( GNTA.OB )
Aventura Holdings, Inc. (AVNT.OB)
Paradigm Medical Industries Inc. (PDMI.OB)
SpongeTech Delivery Systems, Inc. (SPNG.OB) - Waiting for a break back above $0.10
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks
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