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Stocks to Watch - 7/21/09 - Stock Market Ideas
Human Genome Sciences Inc. (HGSI) - HGSI released positive Lupus drug data Monday morning and the stock exploded over 200%. I am watching the $11.07 high as well as the high $11.95 high back in the first week of 2008. If HGSI can close above $11.95, it could potentially trade back into the $14-$15 range from 2007. A break below $9 at any point would be bearish and i'd avoid the stock.
MOTORS LIQUIDATION (MTLQQ.PK) - MTLQQ is the old General Motors Corp ( GMGMQ.PK) which is trading back over $0.50. Please note, if you are trading this stock, keep an eye on support at $0.47. A close back below $0.47 would be bearish.
SpongeTech Delivery Systems, Inc. (SPNG.OB) - SPNG stock traded higher Monday after it was reported that the CEO and COO are buying shares. I am watching for a break above $0.13 before I get interested in SPNG again. Resistance is also at $0.15
Hemispherx Biopharma, Inc. (HEB) - HEB had a nice pop Monday and is now back on a lot of stock trader radar's. As long as HEB can continue to close over the 50 day moving average ( which is now $2.12 ) it will be ok. Keep in mind that at any moment we could receive an FDA approval decision on their CFS drug ampligen. This would be a huge market moving event one way or the other. If HEB can break $2.85, I think it could take off again. If HEB somehow does receive FDA approval on their CFS drug, it could pull a HGSI type move or greater.
Cell Therapeutics, Inc. (CTIC) - CTIC continues to hold that $1.37 support level after closing back over it this week. As long as CTIC holds $1.22, I like the stock. A close over $1.50 would be huge and probably bring the volume back to the stock.
Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS stock continues to fail near $50. Buying FAZ below has been a great trade. If FAS does end up breaking above $50, it could run nicely but then i'd be looking to start buying FAZ for a trade. I am only a buyer of FAS below $40 from this point on.as of right now.
Citigroup Inc (C:NYSE) - Citigroup stock broke down huge on Monday taking out two support levels, $3 and $2.85. Look for the next support zone ( $2.55 - $2.60 ) to attract some buyers who missed the last move. A close below $2.55 would be bearish and i'd avoid the stock completely. I want to be a buyer of Citigroup on a close above $3.20 which would be a technical breakout.
Bank of America Corp ( BAC ) - Bank of America Corporation was very weak on Monday and retested all three major moving averages. The bottom one is the 200 day moving average located at $12.09. There is also strong support at $12. I am a little concerned because BAC stock was down all day when the market was up. At this point, I only want to own BAC above $12 so I would be placing a stop at $11.99. If $12 ends up failing and you get stopped out, you can always buy it back when it closes back abgove $12. Earnings are out, I don't see any positive catalyst to move the stock up significantly over the next three months. Long Term this is an area to start scaling back in however. If you are trading it, wait to see if $12 holds.
American Intl Group, Inc. (AIG) - AIG stock seems to be calming down a bit as it traded in the $13's all day Monday. The volume has also died down as well. I am watching the $13.93 high as well as the $13.14 low. Whatever price breaks first is where AIG is headed for
the next several trading days. I will be buying a break through $13.93 for a quick trade.
Buy on the Dip - Below is a list of stocks I am willing to buy if we get a pullback. In addition to the price I want to pay, I also provide key levels to watch which are known as support and resistance levels. Support = buying support ( where buyers are likely to be located ), Resistance = selling resistance ( where the sellers are likely to be selling ).
Visa Inc. (NYSE: V) - $60 - Love Visa long term - Support $64 and $62 which are the 10 & 50 day moving averages, Resistance $67.20 which was the June 12th high then $70.
MasterCard (MA) - $156 - Also love Mastercard long term - Support $169, Resistance 188.59 which was the late April high.
Potash Corp. of Saskatchewan, Inc. (POT) - $85 - Support $90, $85 - Resistance $97, $100
Apple (AAPL) - $120 - Support $143, $137, Resistance $158, $167
Palm, Inc. (PALM) - $13 - Support $13.33, Resistance $16.80
Research In Motion Ltd. (RIMM) - $60 - Support $74.30, $72, $69, Resistance $76-$77
Ford Motor Co. (F) - $5.30 - Support $5.80, Resistance $6.54 which is major resistance
First Solar (FSLR) - Close Above $150 - Looking to buy on a close over $150 resistance
Continental Resources Inc. (CLR) - Looking to buy below $25
Fuqi International, Inc. (FUQI) - Looking to buy between $15-$16
AgFeed Industries ( FEED ) - Looking to buy feed under $5
Fifth Third Bancorp (FITB) - $6
Huntington Bancshares Inc. (HBAN) - $3
General Electric Company (NYSE:GE) - Would love to buy General Electric near $10
Other Stocks to Watch - July 21, 2009
Orexigen Therapeutics, Inc. (OREX)
ValueVision Media Inc. (VVTV)
Purple Communications, Inc. (PRPL)
Harleysville National Corp. (HNBC)
Affymetrix Inc. (AFFX)
CompuCredit Holdings Corp. (CCRT)
Dana Holding Corporation (DAN)
Green Bankshares, Inc. (GRNB)
Pacific Capital Bancorp (PCBC)
Las Vegas Sands Corp. (LVS)
MGM Mirage (MGM)
Doral Financial Corp. (DRL)
VanceInfo Technologies Inc. (VIT)
Tenneco Inc. (TEN)
QLT Inc. (QLTI)
Immunomedics Inc. (IMMU)
Patriot Coal Corporation (PCX)
Penny Stocks to Watch - July 21, 2009
Wabash National Corp. (WNC)
CIT Group, Inc. (CIT)
YRC Worldwide Inc. (YRCW)
CalAmp Corp. (CAMP)
Oscient Pharmaceuticals Corp. (OSCI)
Capital Trust, Inc. (CT)
Glu Mobile, Inc. (GLUU)
ULURU Inc. (ULU)
The McClatchy Company (MNI)
NetSol Technologies Inc. (NTWK)
Biopure Corp. (BPUR)
First Place Financial Corp. (FPFC)
WPT Enterprises Inc. (WPTE)
TerreStar Corporation (TSTR)
Infosonics Corp. (IFON)
OTC BB - Pink Sheets Stocks to Watch - 7/21/09
You can discuss these stocks at http://stockstobuy.org
Blink Logic Inc. (BLKL.OB)
US Canadian Minerals, Inc. (USCN.OB)
Seaway Valley Capital Corporation (SWVL.OB)
PARK PLACE ENERGY CP (PKPL.OB)
SpongeTech Delivery Systems, Inc. (SPNG.OB)
Cyberlux Corp. (CYBL.OB)
Motors Liquidation Company (MTLQQ.PK)
PETROCHINA CO LTD (PCCYF.PK)
ZCOM NETWORKS NEW (ZCNW.PK)
SARS CORPORATION (SARO.PK)
Sympowerco Corp. (SYMW.PK)
MONARCH STAFFING (MSTF.PK)
Viasystems Group Inc. (VSGP.PK)
BioElectronics Corporation (BIEL.PK)
Celsius Holdings, Inc. (CSUH.OB)
Ingen Technologies, Inc. (IGNT.PK)
Bio Solutions Manufacturing, Inc. (BSOM.OB)
DUSSAULT APPAREL INC (DUSS.OB)
New Energy Technologies, Inc. (NENE.OB)
COPsync, Inc. (COYN.OB)
CHINA DIGITAL COMM (CMTP.OB)
AQUAGOLD INTL INC (AQUI.PK)
Gulf Alternative Energy Corp. (GAEC.PK)
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