Stocks to Buy July 2, 2009 7/2/09

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 July 2, 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 - 7/2/09 - Stock Market Ideas

Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - The volumes in FAS & FAZ have really dropped over the past several trading days which tells me the FAS could be getting ready for another drop lower. Support at $9.20 on FAS continues to be solid ( each time FAS breaks below, the buyer come in ). When FAS closes below $9.20, I will most likely jump into FAZ for a swing trade. I would be a buyer of FAS in the low $8's if we ever get the opportunity again. Nothing really new with these two....just waiting for the signs of next major move either way.

Citigroup Inc (C:NYSE) - Nothing has really changed Wednesday - Citigroup stock continues to weaken as it now struggles to hold $3. Support for C is located at $2.90 and $2.85. What's even more concerning is the fact that Citi now trades below all three major moving averages and cannot even close above the 10 day moving average when tested. As soon as this trend changes, I would be a buyer of Citigroup. Until then, stay away from C stock. The 10 day moving average is currently at $3.04. Check out my Citigroup Technical Analysis. Also, visit my Citigroup stock forum.

American Intl Group, Inc. (AIG) - AIG stock started pre market on Wednesday trading around $17.50, filled the gap up to even around $23, and then fell back under $19. Investors clearly do not like the fact that they did a reverse stock split. However, shares of AIG have been very volatile and if the stock breaks up through the High of Day tomorrow, I will be jumping in for a quick trade. Keep American International Group, Inc. on your radar!

Bank of America Corp ( BAC ) - Bank of America Corporation continues trade strongly and now BAC stock is above the 200 day moving average at $13.28. This is very bullish and if the stock can close above this level, I'd expected the June high of $13.93 to be tested.

Ford Motor Company (F) - Ford came in the better then expected auto sales on Wednesday. F stock hit $6.25 earlier in the day but then pullback near $6. I continue to watch the $6.54 resistance level. Check out my Ford Technical Analysis

Hemispherx Biopharma, Inc. (HEB) - HEB stock had a noticeable surge on Wednesday afternoon up to about $2.79. I would probably jump into the stock for a quick trade if it can break $3. 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.

Cell Therapeutics, Inc. (CTIC) - Nothing has really changed as far as CTIC goes. When the volume comes in, CTIC stockc usually has explosive gains. Keep an eye on these three resistance levels: $1.72, $1.78 , $1.85. Now that the forced buying is out of the way from the Russell addition, a close above $1.85 will get me back into CTIC stock. Support continues to be $1.67 and $1.57.

Spectrum Pharmaceuticals, Inc. (SPPI) - SPPI stock has been surging ahead of an FDA Approval decision. Keep an eye on this stock!

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

Visa Inc. (NYSE: V)
MasterCard (MA)
Apple (AAPL)
Palm, Inc. (PALM)
Research In Motion Ltd. (RIMM)
Ford Motor Co. (F)
First Solar (FSLR)
McDonald's Corporation (MCD)
Continental Resources Inc. (CLR)
Hess Corp ( HES )
Freeport-McMoRan Copper & Gold Inc. (FCX)
Pyramid Oil Company ( PDO )
Fuqi International, Inc. (FUQI)
AgFeed Industries ( FEED )
Fuel Systems Solutions, Inc. (FSYS)
STEC, Inc. (STEC)
Huntington Bancshares Inc. (HBAN)

Other Stocks to Watch - July 2, 2009

Moneygram International Inc. (MGI)
Oshkosh Corporation (OSK)
Xyratex Ltd. (XRTX)
Shengdatech, Inc. (SDTH)
Ivanhoe Mines Ltd. (IVN)
Poniard Pharmaceuticals, Inc. (PARD)
PRG-Schultz International Inc. (PRGX)
Thermadyne Holdings Corp. (THMD)
Mentor Graphics Corp. (MENT)
Ferro Corp. (FOE)
Air Transport Services Group, Inc. (ATSG)
PowerSecure International, Inc. (POWR)
Zale Corporation (ZLC)
Elan Corp. plc (ELN)
Pier 1 Imports Inc. (PIR)
Jazz Pharmaceuticals, Inc. (JAZZ)

Penny Stocks to Watch - 7/2/09

Lee Enterprises Inc. (LEE)
Unisys Corporation (UIS)
Mesa Air Group Inc. (MESA)
Leading Brands Inc. (LBIX)
Nova Measuring Instruments Ltd. (NVMI)
Crystallex International Corp. (KRY)
deCODE genetics Inc. (DCGN)
Borland Software Corp. (BORL)
Tower Semiconductor Ltd. (TSEM)
Oscient Pharmaceuticals Corp. (OSCI)
Quantum Corp. (QTM)
LogicVision Inc. (LGVN)
Sunrise Senior Living Inc. (SRZ)
MDRNA, Inc. (MRNA)
TerreStar Corporation (TSTR)
Nextwave Wireless Inc. (WAVE)

OTC & Pink Sheets Stocks to Watch - 7/2/09

Discuss these at http://stockstobuy.org

NOVO ENERGIES CORP (NVNC.OB)
Andrea Electronics Corp. (ANDR.OB)
IDO Security Inc. (IDOI.OB)
Genta Incorporated (GNTA.OB)
SpongeTech Delivery Systems, Inc. (SPNG.OB)
Syndication, Inc. (SYNJ.PK)
GREEN OASIS ENVRNMNT (GRNO.PK)
Cooperative Bankshares, Inc. (COOPQ.PK)
Natural Nutrition, Inc. (NTNI.PK)
BioElectronics Corporation (BIEL.PK)
Ingen Technologies, Inc. (IGNT.PK)

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