Buy FiberTower Corporation (FTWR) Stock?

Tim, Should I buy FiberTower Corporation (FTWR) stock? By Tim - http://stockstobuy.org

Thanks for the question! FiberTower Corporation (FTWR) is an interesting company but has seen their stock drop off a cliff recently. FiberTower Corporation (FTWR) has been really showing strong revenue growth over the past 3 years but they continue to lose money.

FiberTower Corporation (FTWR) stock is up 37% to $1.11 this morning on no news. FiberTower Corporation (FTWR) is also trading back above the 50 day moving average located at $1.09. In the technical analysis world, this is normally a buy signal that traders look for in order to buy back into the stock. These same traders will probably be putting a tight stop order at $0.99.

I usually don't buy a stock unless it breaks previous significant highs. FTWR has resistance levels at $1.73 as well as $2.09.

For a quick trade, I plan to buy FTWR on a break above $1.73.

http://daytradingstockblog.blogspot.com

Hot Penny Stocks 1/8/09 - January 8, 2009

Today, 1/08/09, there are several penny stock gainers breaking out to the upside. Be sure to check out the Top 2009 Penny Stock Gainers on the NYSE, Nasdaq, and AMEX.

Aviza Technologies ( AVZA ) - $0.25 up 138% - AVZA updated investors on guidance

FiberTower Corp ( FTWR ) - $0.26 up 61.88% - FTWR is going up on 4 times normal volume - no news I can find.

NextWave Wireless ( WAVE ) - $0.11 up 30.00% - WAVE is going up because PacketVideo Demonstrates TwonkyMedia Server Support for Windows 7 for First Time at CES

Charter Communications ( CHTR ) - $0.21 up 25% - Basically going up on yesterday's news.

For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free