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 July 20, 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 - 7/20/09 - Stock Market IdeasCIT Group Inc. (NYSE: CIT) - Reuters is reporting that CIT Group is in talks with Goldman Sachs and JP Morgan for 2-3 Billion in Short Term Financing. This is causing CIT stock to surge to around $0.90 per share. CIT Stock Resistance Levels:
$1.08, $1.37, $1.50, $1.67,
$1.77MOTORS LIQUIDATION (MTLQQ.PK) - Huge Reversal off the early trading lows on Friday sparked a surge from $0.39 to $0.47. $0.50 is the major resistance level to watch out for, if MTLQQ can break through that with volume, it could go back into the $0.60's and $0.70's. This is for a trade only, you don't really own anything since it is the liquidation company of the old General Motors ( GM ) or GMGMQ.
SpongeTech Delivery Systems, Inc. (SPNG.OB) - SPNG stock traded back over $0.10 on Friday on positive news. At this point, it has a lot of resistance between $0.11-$0.13 but then nothing until the $0.15-$0.18 range. I don't expect Spongtech to gain momentum unless it breaks $0.13.
BioCryst Pharmaceuticals Inc. (NASDAQ: BCRX) - BCRX stock exploded Friday on the
following news. Biocryst has strong volume and I am watching for a break above $6.43 to go long for a retest of $7 from many years ago. BCRX is also a swine flu stock play that could catch fire this winter.
Targacept, Inc. (TRGT) - TRGT stock jumped again Friday after pausing on Thursday. On Wednesday, Targacept released the
following news. The next resistance level is $10 from August 2008.
Human Genome Sciences Inc. (HGSI) - HGSI is expected to release key Lupus Drug data called BLISS-52 on Monday - July 20th. Keep an eye on this situation, could be a huge mover one way or the other based on the results.
Neah Power Systems, Inc. (NPWS.OB) - NPWS is looking to get listed on the AMEX stock exchange. If they get listed, the stock could see further upside.
American Intl Group, Inc. (AIG) - After breaking up through $13.65 resistance in the morning, AIG stock exploded to the upside but failed in the mid $14's. I am looking to jump into AIG again if it can close over $13.65.
Direxion Daily Financial Bear 3X Shares (FAZ)Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS stock formed a double top at the $50 resistance level Wednesday and Thursday and made a lower high on Friday. At this point, it appears the FAS run could be over here and I am looking for opportunities to trade FAZ. I'd be a buyer of FAZ anywhere under $41 but would be placing a stop at $39.95. I would be a buyer of FAS anywhere under $40.
Citigroup Inc (C:NYSE) - Citigroup stock continues to hold $3, a very important support level once again. A close below $3 would take it back down to retest atleast $2.85 in my opinion. A close above $3.20 resistance would get me back into the stock. Check out my
Citigroup Technical Analysis.
Bank of America Corp ( BAC ) - Bank of America Corporation reported solid earnings Friday but sold off. Technically, this stock is still a strong buy all the way down to $12. I continue to watch for a close over $13.93 which would probably take it up to $15. Doug Kass liked the earnings report which is a nice validation.
General Electric Company (NYSE:GE) - General Electric also reported a solid earnings report but the stock is selling off. GE capital was weak but CNBC and MSNBC were strong units. GE stock is pulling back to the 10 day moving average at $11.43.
Cell Therapeutics, Inc. (CTIC) - CTIC continues to hold that $1.37 support level after closing back over it this week. As long as CTIC holds $1.22, I like the stock.
Hemispherx Biopharma, Inc. (HEB) - The next few trading days are going to be critical from a technical standpoint as the 10 day moving average is getting ready to break down through the 50 day moving average which is bearish. As long as HEB continues to close over the 50 day moving average it will be ok. Still waiting for an FDA decision on their CFS drug Ampligen.
Stocks I am willing to buy on a DipVisa Inc. (NYSE: V) - $58
MasterCard (MA) - $155
Apple (AAPL) - $120
Microsoft Corporation (MSFT) - $21
Palm, Inc. (PALM) - $13
Research In Motion Ltd. (RIMM) - $60
Ford Motor Co. (F) - $5.30
First Solar (FSLR) - On a close above $150 - bought half 7/15/09
Continental Resources Inc. (CLR) - Bought the dip 7/7/09
McMoRan Copper & Gold Inc. (FCX) - $36
Pyramid Oil Company ( PDO ) - $3.75
Fuqi International, Inc. (FUQI) - $15.25
AgFeed Industries ( FEED ) - $4.25
Fifth Third Bancorp (FITB) - $6
Huntington Bancshares Inc. (HBAN) - $3
Potash Corp. of Saskatchewan, Inc. (POT) - $85
Other Stocks to Watch - July 20, 2009U.S. Global Investors, Inc. (GROW)
Purple Communications, Inc. (PRPL)BancTrust Financial Group, Inc. (BTFG)First Place Financial Corp. (FPFC)Dover Downs Gaming & Entertainment Inc. (DDE)ICO Inc. (ICOC)Ultra Clean Holdings Inc. (UCTT)CDC Corp. (CHINA)Webster Financial Corp. (WBS)MGIC Investment Corp. (MTG)AO Smith Corp. (AOS)Superior Well Services Inc. (SWSI)QLT Inc. (QLTI)RINO International Corporation (RINO)Radian Group Inc. (RDN)Horsehead Holding Corp. (ZINC)Korn/Ferry International (KFY)
SIGA Technologies Inc. (SIGA)Spectrum Pharmaceuticals, Inc. (SPPI)Las Vegas Sands Corp. (LVS)Penny Stocks to Watch - 7/20/09LTX-Credence Corporation (LTXC)FSI International Inc. (FSII)American Oil & Gas Inc. (AEZ)Nevsun Resources Ltd. (NSU)Mattson Technology Inc. (MTSN)New Dragon Asia Corp. (NWD)Meridian Resource Corp. (TMR)Premier Exhibitions Inc. (PRXI)Uranium Resources, Inc. (URRE)Finisar Corp. (FNSR)Discovery Laboratories Inc. (DSCO)Dune Energy Inc. (DNE)Arrowhead Research Corp. (ARWR)La Jolla Pharmaceutical Co. (LJPC)UCBH Holdings Inc. (UCBH)OTC BB - Pink Sheets Stocks to Watch - 7/20/09You can discuss these stocks at
http://stockstobuy.orgLED Power Group, Inc. (LEDP.OB)INTELLIGENT LIVING (ILVC.OB)XINHUA CHINA LTD (XHUA.OB)SARS CORPORATION (SARO.PK)MAGELLAN ENERGY NEW (MGLG.PK)Nexia Holdings Inc. (NXHD.PK)Nephros Inc. (NEPH.OB)Juniper Group Inc. (JNIP.OB)
International Building Technologies Group, Inc. (INBG.OB)BYD CO LTD H SHS (BYDDF.PK)ECOLOCLEAN INDUSTRS (ECCI.PK)
Ingen Technologies, Inc. (IGNT.PK)Aradigm Corp. (ARDM.OB)Genta Incorporated (GETA.OB) - Used to be GNTA.OBGulf Alternative Energy Corp. (GAEC.PK)Global Power Equipment Group Inc. (GLPW.PK)Today's Biggest
Stock Market Gainers - Top 2009
Stock Gainers - Top 2009
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Dow Jones Chart - The following is Technical Analysis for the Dow Jones ( DJIA ) for 7/20/09
