Stocks to Buy 10/29/09 October 29, 2009

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 October 28, 2009. Also, check out some of the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here

Stocks to Watch - 10/29/09 - Stock Market Ideas

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Quantum Corp. (QTM) - QTM was the hottest stock on Wednesday after the company reported better then expected earnings. The high of $2.03 was a fresh 52 week high. Keep an eye on this level on Thursday. A break above $2.03 would be bullish.

NutriSystem Inc. (NTRI) - NTRI also hit a 52 week week high of $22.00 on Wednesday. Earnings turned out to be great but investors have become excited about the prospects of the Wal Mart deal. $20 should now be a solid support level.....the next major resistance level is located at $25 & $28.56.

CIT Group, Inc. (CIT) - CIT Obtains Additional $4.5 Billion in Financing Through Expansion of Existing Secured Credit Facility

DryShips, Inc. (DRYS) - Drys continues to fall after it appears growth will be lackluster over the next few quarters. The key for this company will be to ink some comtracts for their new drillships. While I have a small long term stock position, I will not be adding to my position until DRYS trades back over $7 or the company receives the drillships contract. The stock is now trading below all three major moving averages which is bearish for the short term.

Research In Motion Ltd. (RIMM) - RIMM continues the downtrend after the stock broke down through $65 on Tuesday. Support is located between $58-$60. Resistance is now $65 as well as $68

Amazon.com Inc. (AMZN) - AMZN failed at a new 52 week high on Wednesday but the stock was still higher. Keep an eye on $125.68.

Goldman Sachs Group Inc. (GS) - Support = $170.56, $166.06.....Resistance = $177.10, $180

American Intl Group, Inc. (AIG) - AIG was a very strong stock on Wednesday despite the stock market being weak again. The fact that $32.66 held is very bullish and provides a nice support level for the short term. I continue to watch $36.24, a break above that level should attract some nice buying action.

Bank of America Corp (BAC) - Shares of Bank of America Corporation continue to test that $15 level but so far it has held. If $15 is broken, there is a huge gap all the way down to $14. Resistance continues to be $15.54.

Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS broke down through $74 early Wednesday but so far has held $70. I'm looking for one more final plunge Thursday morning which will give me a buy signal. If I don't get the plunge and FAS breaks back above $74, I will buy for a quick trade as well. FAZ continues to do well but i'd start taking profits and wait for the next dip. Just my opinion though!

Freddie Mac (FRE) - Support = $1.15 - Resistance = $1.25

Fannie Mae (FNM) - Support = $1.00 - Resistance $1.12

Las Vegas Sands Corp. (LVS) - LVS hasn't been this oversold since the March 2009 lows. The RSI indicator is below 30. I plan to buy the next time the stock breaks through the high of the day. Resistance will be located at $14.38 & $15.

Other Stocks to Watch - October 29, 2009

CTS Corporation (CTS)
Unisys Corporation (UIS)
Peet's Coffee & Tea Inc. (PEET)
Anika Therapeutics Inc. (ANIK)
Orion Energy Systems, Inc (OESX)
Direxion Daily Emrg Mkts Bear 3X Shares (EDZ)
Waste Services Inc. (WSII)
Insituform Technologies Inc. (INSU)
RadiSys Corporation (RSYS)
Harris Corp. (HRS)
Chiquita Brands International Inc. (CQB)
Panera Bread Co. (PNRA)
UltraShort MSCI Emerging Mkts ProShares (EEV)
Direxion Daily Real Estate Bear 3X Shrs (DRV)
eHealth, Inc (EHTH)
Direxion Daily Small Cap Bear 3X Shares (TZA)
PowerShares DB Crude Oil Dble Short ETN (DTO)
UltraShort FTSE/Xinhua China25 Proshares (FXP)
UltraShort Basic Materials ProShares (SMN)
Trustmark Corporation (TRMK)
Direxion Daily Energy Bear 3X Shares (ERY)
Carter's, Inc. (CRI)
WABCO Holdings Inc. (WBC)
UltraShort Real Estate ProShares (SRS)
UltraShort Russell2000 ProShares (TWM)
MGM Mirage (MGM)
YRC Worldwide Inc. (YRCW)
Novavax, Inc. (NVAX)

Penny Stocks to Watch - October 29, 2009

NCI Building Systems Inc. (NCS)
Sterling Financial Corp. (STSA)
Tucows Inc. (TCX)
Novadel Pharma Inc. (NVD)
Conolog Corp. (CNLG)
AMCORE Financial, Inc. (AMFI)
Cyclacel Pharmaceuticals, Inc. (CYCC)
Flagstar Bancorp Inc. (FBC)
DARA BioSciences, Inc (DARA)
Beacon Power Corporation (BCON)
Ambac Financial Group, Inc. (ABK) - Seems to be holding $1.00
E*TRADE Financial Corporation (ETFC) - Still problems on Balance Sheet
Discovery Laboratories Inc. (DSCO)
Hemispherx Biopharma, Inc. (HEB)
Vonage Holdings Corporation (VG)
SIRIUS XM Radio Inc. (SIRI)
Cell Therapeutics, Inc. (CTIC) - 200 day MA - $0.95


OTC Pink Sheets Stocks to Watch - 10/29/09

Discuss these stocks at http://stockstobuy.org

NXT Nutritionals Holdings, Inc. (NXTH.OB)
Guardian Angel Group, Inc. (GAGI.PK)
Garb-Oil & Power Corp. (GARB.OB)
Surfect Holdings Inc. (SUFH.PK)
IGSM Group, Inc. (IGSM.PK)
NanoViricides, Inc. (NNVC.OB)
Muscle Flex, Inc. (MFLI.PK)
Pop N Go Inc. (POPN.PK)
Invicta Group Inc. (IVIT.PK)
Vega Promotional Systems, Inc. (VGPR.PK)
ONELINK CORPORATION (OLNK.PK)
Atlantic Wind & Solar, Inc. (AWSL.PK)
BizAuctions, Inc. (BZCN.PK)
Sunovia Energy Technologies, Inc. (SUNV.OB)
Left Behind Games Inc. (LFBG.OB)
SK3 Group Inc. (SKTO.PK)
ChromoCure, Inc. (KKUR.PK)
Matech Corp. (MTCH.OB)
Gen2Media Corporation (GTWO.OB)
The Evermedia Group, Inc. (EVRM.PK)
Cobra Oil & Gas Company (CGCA.OB)
mPhase Technologies, Inc. (XDSL.OB)

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