Stocks to Buy June 17, 2009 6/17/09

Tuesday, 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 17, 2009. Also, check out the Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports - Right Here

Discuss Stocks - www.stockstobuy.org

Stocks to Watch - 6/17/09 - Stock Market Ideas

STEC, Inc. (STEC) - Shares of STEC were hot on Tuesday due to the following news. Stec raises Q2 outlook, shares jump.

EMCORE Corporation (EMKR) - EMKR stock surged on Tuesday after the company released the following news. EMCORE Awarded Solar Panel Manufacturing Contract for NASA's Global Precipitation Measurement Mission. EMKR has resistance around $1.70, it broke through that are but stopped at $1.75. If EMKR can break $1.75 again, I will jump in for a trade.

Peregrine Pharmaceuticals Inc. (PPHM) - PPHM was testing a new 52 week high on Tuesday but failed at $1.09. A break through the current 52 week high at $1.13 will cause PPHM stock to have an additional run up.

Stock Halts: Watch these two stocks on Wednesday due to trading halts on Tuesday: Savient Pharmaceuticals, Inc. (SVNT) - Matrixx Initiatives Inc. (MTXX)

SpongeTech Delivery Systems, Inc. (SPNG.OB) - A little update on SPNG. SPNG held Monday's low of 0.11 with a higher low of $0.122. This is the type of trading action you want to see in a momentum stock like Spongetech. $0.20 continues to be resistance as does $0.28. For now, I think SPNG will trade sideways with light volume.

Hemispherx Biopharma, Inc. (HEB) - HEB stock was down on Tuesday as it zig zags between $2.40-$2.90 as investors continue to wait for an FDA approval decision on Ampligen. Do not take HEB off your radars!

Cell Therapeutics, Inc. (CTIC) - CTIC stock was down with the market on Tuesday. Support is located at $1.37, a break below this level would set up a retest of $1.20 or lower. Once CTIC breaks back above $1.85, I leap in!

General Electric Co. (GE) - Jim Cramer says shares of GE will be pinned at $12.50 due to options activity.

Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS crashed through two support levels in two days like a hot knife through butter. The low of $9.20 on Tuesday must hold on Wednesday or FAS could test the next two support levels at $9.00 and $8.60. I am still watching the trading action and waiting for an entry point. I am hoping for a big gap down on Wednesday to get into FAS. If this does not happen, I will buy FAS when it breaks through the high of the day tomorrow. One important thing to note: $8.60 must hold or the panic selling will start to set in.

Citigroup Inc (C:NYSE) - Citigroup is technically hanging on by a thread at $3.25-$3.26. As I write this, Citi is attempting to bounce off the $3.25 low. If Citigroup closes below $3.25, I have a feeling the stock will test at least $3.

Bank of America Corporation (BAC:NYSE) - Jim Cramer said on his stop trading segment Tuesday that options action is pinning BAC stock down to $12.50. I personally see support around $12.00-$12.50

Other Stocks to Watch: June 17, 2009

Alexza Pharmaceuticals Inc. (ALXA)
La-Z-Boy Inc. (LZB)
Aerosonic Corp. (AIM)
Alvarion Ltd. (ALVR)
Satyam Computer Services Ltd. (SAY)
Merge Healthcare Incorporated. (MRGE)
Force Protection Inc. (FRPT)
Jazz Pharmaceuticals, Inc. (JAZZ)
Sequenom Inc. (SQNM)

Penny Stocks to Watch: 6/17/09

Georgia Gulf Corp. (GGC)
Nextwave Wireless Inc. (WAVE)
Biopure Corp. (BPUR)
Sunesis Pharmaceuticals Inc. (SNSS)
HSW International, Inc. (HSWI)
Midway Gold Corp. (MDW)
FiberTower Corporation (FTWR)
Oscient Pharmaceuticals Corp. (OSCI)
NaviSite Inc. (NAVI)
CEL-SCI Corp. (CVM)
Fannie Mae (FNM)
Freddie Mac (FRE)
Theragenics Corp. (TGX)
Aastrom Biosciences, Inc. (ASTM)
Ambac Financial Group, Inc. (ABK)
ValueVision Media Inc. (VVTV)

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

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