Wednesday, 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 September 3 , 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 - 9/3/09 - Stock Market Ideas
American Intl Group, Inc. (AIG) - AIG had a capitulation sell off in the morning on Wednesday as it gapped below support at $35. The stock then surged above $38 resistance and failed at $40. For a trade, I will be a strong buyer of pullbacks in the $35-$36 zone. A break above $40 would also be bullish and i'd expect to get $42-$44 out of it. This stock is all over the place so take profits or cut losses quick.
Citigroup Inc (C:NYSE) - Citigroup somehow opened in the $4.30's this morning....I am back into the stock on the long side and will be buying pullbacks to $4.48-$4.50. Also once the stock closes back over the 10 day moving average I will buy more. There is also support way down in the $4.20's as well.
Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS reversed nicely off the morning lows Wednesday but failed around $68.50. I will be a buyer of FAS if it breaks above $70 but FAZ is still in charge. If you see FAS break through the Wed low of $65.39, you could see another nice move higher in FAZ. At this point, those are the price points I am watching.
Blockbuster Inc. (BBI) - Blockbuster cuts size of Viacom letter of credit - BBI was the hottest stock on Wednesday. Resistance at $1.26 and then it should see a nice pop. After $1.26, there is major resistance at $1.76
Gold Stocks - Gold had a technical breakout on Wednesday after the huge down move in the stock market on Tuesday. It might not be a bad idea to look into some gold stocks. If Gold breaks back above 1000 you can see a big move in the following stocks.
Midway Gold Corp. (MDW)
NovaGold Resources Inc. (NG)
Randgold Resources Ltd. (GOLD)
Barrick Gold Corporation (ABX)
Golden Star Resources, Ltd. (GSS)
Rubicon Minerals Corporation (RBY)
Seabridge Gold, Inc. (SA)
Yamana Gold, Inc. (AUY)
Crystallex International Corp. (KRY)
Bank of America Corp ( BAC ) - Bank of America Corporation hit $16.02 Wednesday and then reversed higher. $16 now becomes support and the 10 day moving average becomes resistance ( $17.40 ). If we get a bigger sell off this month, I am looking at buying a retest of the 50 day moving average located at $14.65. This would be a strong buy.
Freddie Mac (FRE) - Support is located at $1.51 - Resistance - $1.80
Fannie Mae (FNM) - Support is located at $1.26 - Resistance - $1.50
Hemispherx Biopharma, Inc. (HEB) - I continue to watch HEB as the company has an FDA decision on their CFS drug Ampligen due out sometime this fall. Resistance is back at $2.07. Pullbacks under $2 have been a great buy.
Cell Therapeutics, Inc ( CTIC ) - FDA Fast Track decision on 9/4/09. With a nervous stock market, stocks such as CTIC have a hard time. Resistance - $1.52
First Solar, Inc. (FSLR) - Waiting for FSLR to close over the 10 day moving average ( currently $123.58 but falling rapidly ) and then I will buy half of a long term position.
Research In Motion Ltd. (RIMM) - Watching for a close over $74 which would be bullish. I will definitely get long RIMM when it closes over the previous high of $78
Spectrum Pharmaceuticals, Inc. (SPPI) - FDA Decision for non-Hodgkin's lymphoma on September 7, 2009
Novavax, Inc. (NVAX) - Caution is urged with NVAX....shark fin formation on the 5 day chart...bearish. Maybe a good time to short if it breaks below $5.60. Keep an eye on Wednesday's high of day at $6.25....a break above $6.25 could make you some decent money.
SIRIUS XM Radio Inc. (SIRI) - Looking to buy a break above $0.64
Other Stocks to Watch - September 3, 2009
MDS, Inc. (MDZ)
Sepracor, Inc. (SEPR)
VeriFone Holdings, Inc. (PAY)
Medicines Co. (MDCO)
Vista Gold Corp. (VGZ)
AudioCodes Ltd. (AUDC)
ACADIA Pharmaceuticals, Inc. (ACAD)
Flow International Corp. (FLOW)
Boise, Inc. (BZ)
Tianyin Pharmaceutical Co., Inc. (TPI)
Commercial Vehicle Group Inc. (CVGI)
CardioNet, Inc. (BEAT)
DRDGOLD Ltd. (DROOY)
Textron Inc. (TXT)
Amkor Technology, Inc. (AMKR)
Gammon Gold, Inc. (GRS)
Pan American Silver Corp. (PAAS)
Northgate Minerals Corp. (NXG)
Penny Stocks to Watch - September 3, 2009
Crosshair Exploration & Mining Corp. (CXZ)
Midway Gold Corp. (MDW)
EpiCept Corporation (EPCT)
Almaden Minerals Ltd. (AAU)
Vonage Holdings Corporation (VG)
Telkonet Inc. (TKO)
Ambassadors International Inc. (AMIE)
Nevsun Resources Ltd. (NSU)
ICO Global Communications (Holdings) Ltd. (ICOG)
Arotech Corp. (ARTX)
Zhone Technologies Inc. (ZHNE)
8x8 Inc. (EGHT)
American Oil & Gas Inc. (AEZ)
Novadel Pharma Inc. (NVD)
Pacific Rim Mining Corporation (PMU)
Asure Software, Inc. (ASUR)
E*TRADE Financial Corporation (ETFC)
CIT Group, Inc. (CIT)
OTC Pink Sheets Stocks to Watch - 9/3/09
Discuss these stocks at http://stockstobuy.org
NewGen Technologies Inc. (NWGN.PK)
Advanced BioPhotonics Inc. (ABPH.PK)
Crystal International Travel Group, Inc. (CINT.PK)
BLUE DIAMOND VENTURE (BLDV.PK)
Natural Harmony Foods Inc. (NHYF.PK)
EtotalSource Inc. (ETLS.PK)
SKYBRIDGE TECHNOLOGY (SKGO.PK)
IGIA Inc. (IGAI.PK)
CENTRA CAPITAL CORP (CENC.PK)
One World Ventures, Inc. (OWVI.PK)
IGSM GROUP, INC. (IGSM.PK)
Bergamo Acquisition Corp. (BGMO.PK)
Brainstorm Cell Therapeutics Inc. (BCLI.OB)
GREENLAND CP NEW (GRLC.PK)
S3 Investment Company Inc. (SIVC.PK)
Rockelle Corp. (RKLC.PK)
Power 3 Medical Products Inc. (PWRM.OB)
BROWNSTONE RES INC (BWNR.PK)
Nutra Pharma Corporation (NPHC.OB)
Angel Acquisition Corp. (AGEL.OB)
BioTech Medics, Inc. (BMCS.PK)
GetFugu, Inc. (GFGU.OB)
Steadfast Holdings Group, Inc. (STHG.PK)
N8 Concepts, Inc. (ECOB.OB)
Pacific Asia Petroleum, Inc. (PFAP.OB)
Zevotek, Inc. (ZVTK.PK)
American Scientific Resources, Inc. (ASFX.PK)
American Green Group, Inc. (AMNE.PK)
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