Thursday, 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 26, 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 - 5/26/09 - Stock Market IdeasFinancials: The financials were mixed on Friday going into the holiday weekend. Below is a list of bank stocks I will be watching for Tuesday ( stocks are closed May 25, 2009 ).
Direxion Daily Financial Bear 3X Shares (FAZ)Direxion Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS made a high of $9.29 Friday and had a high of $9.31 on Thursday. For a short term trade, I will be buying FAS stock when it breaks up through $9.31 and I would imagine most people would be stopping out of FAZ around this level as well. On the downside, FAS held $8.60 twice on Thursday so this is your support level.
Citigroup Inc (C:NYSE) - Citigroup continues to trade sideways and make higher lows. Watch out from a break above $3.75 which could spark a rally back to the $3.96-$4.00 resistance zone. There is minor resistance around $3.87-$3.88. On the downside $3.60 has been solid over the past week and should continue to hold. I will have more technical analysis over the weekend -
Right Here - You can also join our Citigroup Forum and tell us your opinion on the stock.
Bank of America Corp. (NYSE:BAC) - BAC stock was weak all day on Friday, trading below $11 for most of the afternoon. I think this down move has to do with technical. BAC failed to hold $12 pretty much all week and traders are bailing out of the stock. As long as BAC holds $10, I like the stock. A close above $12 would be very bullish going forward.
Wells Fargo & Company (NYSE:WFC) - WFC stock continues to bounce off $24. Look for this to continue but downside to be around $22 at which Guy Adami of CNBC's Fast Money says to buy WFC stock.
Regional Banks: I continues to watch the regional banks for trading opportunities. Keep an eye on the following stocks on Tuesday: Regions Financial Corp. (RF), Huntington Bancshares Inc. (HBAN), Fifth Third Bancorp (FITB), Zions Bancorp. (ZION)
Converted Organics Inc (COIN) - COIN had a nice day on Friday, breaking back up through $1.60. The momentum traders will come back when COIN breaks back up through the $1.90 resistance level and also when the stock trades back above $2.
Hemispherx Biopharma, Inc. (HEB) - Waiting an FDA decision that should be made public next week. Join the HEB message
board discussion.
Origin Agritech ( SEED ) - Origin Agritech Limited (NASDAQ: SEED) just broke above $5 on Friday afternoon, this could be a big momentum stock next week as the Ag stocks are hot.
Discuss SEED.
Other Stocks to Watch - May 26, 2009Oxigene Inc. (OXGN)Rediff.com India Ltd. (REDF)Xinyuan Real Estate Company Ltd. (XIN)Aruba Networks, Inc. (ARUN)OncoGenex Pharmaceuticals, Inc. (OGXI)First Financial Bancorp. (FFBC)AgFeed Industries, Inc. (FEED)Satyam Computer Services Ltd. (SAY)Sears Holdings Corporation (SHLD)SkillSoft plc (SKIL)CommScope Inc. (CTV)Mobile Telesystems OJSC (MBT)Autodesk, Inc. (ADSK)Excel Maritime Carriers, Ltd. (EXM)Fuel Systems Solutions, Inc. (FSYS)Vanda Pharmaceuticals, Inc. (VNDA)Penny Stocks to Watch - 5/26/09Northfield Laboratories Inc. (NFLD)Neurogen Corp. (NRGN)Casual Male Retail Group, Inc. (CMRG)Threshold Pharmaceuticals Inc. (THLD)EntreMed Inc. (ENMD)Sify Technologies Limited (SIFY)Keryx Biopharmaceuticals Inc. (KERX)India Globalization Capital, Inc. (IGC)Cyclacel Pharmaceuticals, Inc. (CYCC)Sunesis Pharmaceuticals Inc. (SNSS)Geomet, Inc. (GMET)Magellan Petroleum Corp. (MPET)EMCORE Corporation (EMKR)Today's Biggest
Stock Market Gainers - Top 2009
Stock Gainers - Top 2009
Penny StocksFor the latest updates on the stock market, visit,
http://daytradingstockblog.blogspot.com/ or
Subscribe for Free
The following is Technical Analysis for the Dow Jones ( DJIA ) for 5/26/09
