Stocks to Buy June 1, 2009 6/1/09

Friday, 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 June 1, 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 - 6/1/09 - Stock Market Ideas

Cell Therapeutics, Inc. (CTIC) - CTIC stock broke out to the upside on Friday after consolidating over the past two weeks. CTIC will present data at the ASCO conference over the weekend so this could be a very active stock on Monday after the data is released. Support for CTIC is now $1.37 with resistance at $1.54 & $1.85

Hemispherx Biopharma, Inc. (HEB) - HEB bounced off the 10 day moving average Thursday at $1.50 and hit $1.70 on Friday. All eyes will be on the FDA decision for their drug Ampligen within the next 10 days. Keep HEB on your radar!

Ford Motor Company ( F ) - With a GM bankruptcy imminent, it seems as though you can trust Ford more then ever these days. Look for the stock to test $6 sometime in June. The new Taurus actually looks nice....I've never said that about a Ford before - ( I am an Acura and Maserati fan )

DryShips, Inc. (DRYS) - DRYS continues to break out to the upside, this time breaking through previous resistance of $7.77. The baltic dry index has been on fire for the last 20 trading sessions.

Advanced Life Sciences Holdings, Inc.( ADLS ) - Keep an eye on ADLS on Monday - Advanced Life Sciences Announces Posting of Briefing Documents for FDA Advisory Committee Meeting on Restanza(TM) (cethromycin) - Discuss ADLS

MGM Mirage (MGM) - Keep an eye on MGM next week, showed some nice strength Friday afternoon - watching for a break up through $7.80 which should get the stock moving higher. You can also watch Las Vegas Sands Corp. (LVS) as well!

Direxion Daily Financial Bear 3X Shares (FAZ)
Direxion Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS stock was very boring lately. It continues to trade between $8.60 and $10. Use these two prices as your support and resistance levels.

Citigroup Inc (C:NYSE) - Citigroup is back in the $3.70's. Support is located at $3.60, a close below that would be your first signs of weakness. I would be a buyer of Citi on a close above $4.00.

Bank of America Corp. (NYSE:BAC) - BAC continues to be boring, a close below $10.50 would be your first sign of weakness, a close above $12 would be bullish.

Research In Motion Ltd. (RIMM) - RIMM was very weak on Friday. Appears to be just a minor pullback to support of around $77-$78. I would be selling on a break below $77 and waiting it out. You can always get back in when RIMM gets back about $77 again. Joe Terranova actually added RIMM yesterday in the $80's and appears to now be down on his position.

Other Stocks to Watch - June 1, 2009

J. Crew Group, Inc. (JCG)
U.S. Global Investors, Inc. (GROW)
Penson Worldwide Inc (PNSN)
ArcSight, Inc. (ARST)
Canadian Solar Inc. (CSIQ)
CROCS Inc. (CROX)
New Gold, Inc. (NGD)
Northern Oil and Gas, Inc. (NOG)
Navios Maritime Holdings Inc. (NM)
Star Scientific, Inc. (STSI)

Penny Stocks to Watch - 6/1/09

Mad Catz Interactive Inc. (MCZ)
Edge Petroleum Corp. (EPEX)
Northfield Laboratories Inc. (NFLD)
Air Transport Services Group, Inc. (ATSG)
ZIOPHARM Oncology, Inc. (ZIOP)
YM BioSciences Inc. (YMI)
Sunesis Pharmaceuticals Inc. (SNSS)
Avanir Pharmaceuticals (AVNR)
Oscient Pharmaceuticals Corp. (OSCI)

Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks

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