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
May 18, 2009. Also, check out the
Biggest Stock Gainers of the Day. You can also find previous stocks to buy reports -
Right HereDiscuss Stocks -
www.stockstobuy.orgStocks to Watch - 5/18/09 - Stock Market IdeasFinancials: The financials bounced on Thursday but resumed their weakness on Friday. There haven't been many trading opportunities over the past week but this could all change as we enter a new week starting on May 18th. Below is a list of bank stocks I am watching.
Direxion Financial Bear 3X Shares (NYSE: FAZ) Direxion Financial Bull 3X Shares (NYSE: FAS) - Check out my
FAS Chart for 5.18.09
Citigroup Inc (C:NYSE) - Check out my
Citigroup Chart for 5.18.09
Bank of America Corp. (NYSE:BAC) - BAC stock is hovering in the $10's and is now trading $1 below the 10 day moving average. The trade seems to be buy the dips and sell or go short right near the 10 day moving average. Also - Temasek
sells entire stake in BofA
Wells Fargo & Company (NYSE:WFC) - WFC stock is holding strong over $24 still. Guy Adami said on Fast Money he thinks $22 would be a strong buy if Wells Fargo trades down that low.
DryShips Inc. ( DRYS ) - DRYS broke out to the upside on Friday stopping short of the $7.62 low from May 8th. $7.62 is a resistance level to watch going forward. I will be going long on a close above this level or a retracement back to around $5.40-$5.60.
Cell Therapeutics, Inc. ( CTIC ) - I tried to get in CTIC on Friday but got stopped out at $1.20. CTIC made the following highs from last week. $1.28, $1.37, $1.49 - If CTIC breaks up through $1.28 on Monday, I will get back into the stock. A break through $1.37 and I will continue to hold. On the downside, $1.00 is a strong support level that must continue to hold or the downside risk is enormous.
Freeport-McMoRan Copper & Gold Inc. (FCX) - Keeping an eye on FCX, Joe Terranova ( Fast Money ) said weeks ago that a pullback to $42 would be a buy. If FCX retreats to around this area I will buy in as FCX breaks the high of the day that particular day.
Stocks to Watch - May 18, 2009WuXi PharmaTech (Cayman) Inc. (WX)BioCryst Pharmaceuticals Inc. (BCRX)Zale Corporation (ZLC)
Fuqi International, Inc. (FUQI)Protective Life Corp. (PL)PowerShares DB Crude Oil Dble Short ETN (DTO)Old Dominion Freight Line Inc. (ODFL)
UltraShort Real Estate ProShares (SRS)Red Hat Inc. (RHT)Exelixis, Inc. (EXEL)Nordstrom Inc. (JWN)MGM Mirage (MGM)
Las Vegas Sands Corp. (LVS)Penny Stocks to Watch - 5/18/09Hayes Lemmerz International Inc. (HAYZ)Hemispherx Biopharma, Inc. (HEB)La Jolla Pharmaceutical Co. (LJPC)NexMed Inc. (NEXM)EntreMed Inc. (ENMD)Oscient Pharmaceuticals Corp. (OSCI)Kodiak Oil & Gas Corp. (KOG)Converted Organics Inc (COIN)Today's Biggest
Stock Market Gainers - Top 2009
Stock Gainers - Top 2009
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