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 December 7, 2009. Also, check out some of the
biggest stock gainers of the Day. You can also find previous stocks to buy reports -
Right HereStocks to Watch - 12/7/09 - Stock Market IdeasDiscuss Stocks -
http://stockstobuy.orgBank of America Corp (BAC) - Bank of America Corporation paid back tarp and raised money through a stock offering at $15 per share. The stock surged at the open, pulled back to $15.70-$15.75 support, and then tested the 50 day moving average currently located at $16.27. BAC hasn't closed above the 50 day moving average for 35 trading sessions so once this changes, you will see some technical buying come back into the stock. You will also see the bearish shorts start to cover on any pullbacks. Resistance = $16.27 & $16.74.
Synovus Financial Corp. (SNV) - SNV was upgraded to market perform at FBR Capital on Friday. With the 50 day moving average located all the way up at $2.66, this stock has a lot room to run if enough buyers come in. Keep an eye on SNV next week!
Origin Agritech Limited (SEED) - SEED tested the 10 day moving average over the past two days and so far it has held and produced a nice rally on Friday. The uptrend is still intact. $11.00 is now the new support level for the stock.....I would be avoiding the stock on a close below $11. Resistance is located at $12.67 & $13.30.
Las Vegas Sands Corp. (LVS) - LVS is back under the 50 day moving average which the stock never closed over on Thursday. A lot of stocks are struggling with their 50 day moving average it seems. As soon as LVS closes above $16.48, I'd be a buyer.
Airline Stocks: Keep an eye on the following airline stocks for trading opportunities. They may even be a good short soon!
UAL Corporation (UAUA)Southwest Airlines Co. (LUV)AMR Corporation (AMR)Delta Air Lines Inc. (DAL)US Airways Group, Inc. (LCC)Somaxon Pharmaceuticals, Inc. (SOMX) - SOMX is seeking FDA Approval for their insomnia drug early next week. Expect the decision to move the stock in a big way.
Direxion Daily Financial Bear 3X Shares (FAZ)Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS ran up to $76.33 on Friday but then tanked to $72. I am looking for get back into FAS on a dip below $70 but would get aggressive near the $65 level.
American Intl Group, Inc. (AIG) - AIG closed back above $30 on Friday. At this point, I only like the stock right now if it breaks above $33. I would then go long the stock. Support on the downside is located at $29.32 as well as $28.
Advanced Micro Devices Inc. (AMD) - AMD has been on fire over the past week and hit a fresh 52 week high on Friday. $8.25 is now resistance on the upside, a break above that level would be bullish. Support is between $7.50 - $7.65, a close below $7.50 would get me to think about taking a short position for a trade.
DryShips, Inc. (DRYS) - DRYS is still struggling after a big upgrade on Thursday. Resistance continues to be located around $6.50. A close over this level would be bullish and I'd expect a retest of $7.00 to follow.
Research In Motion Ltd. (RIMM) - RIMM still in the downtrend, I plan to buy more when the stock breaks above $61.49. Earnings are due out December 17th.
Potash Corp. of Saskatchewan, Inc. (POT) - POT pulled back Friday after a strong US Dollar hit commodity related stocks. The good is that POT held $115 which is a significant support level. If POT would close below $115, I'd put in a buy order for $108.
Freddie Mac (FRE) - Support = $0.98 - Resistance = $1.11
Fannie Mae (FNM) - Support = $0.88 - Resistance $0.99
Other Stocks to Watch - December 7, 2009LodgeNet Interactive Corporation (LNET)Synovus Financial Corp. (SNV)ADA-ES, Inc. (ADES)Big Lots Inc. (BIG)OfficeMax Inc. (OMX)Spherion Corp. (SFN)Chordiant Software, Inc. (CHRD)Flow International Corp. (FLOW)Lattice Semiconductor Corporation (LSCC)Oculus Innovative Sciences, Inc. (OCLS)MGIC Investment Corp. (MTG)Photronics Inc. (PLAB)Monster Worldwide, Inc. (MWW)Mediacom Communications Corp. (MCCC)Tree.Com, Inc. (TREE)Omega Protein Corp. (OME)Robert Half International Inc. (RHI)1-800-Flowers.com Inc. (FLWS)Radian Group Inc. (RDN)Manpower Inc. (MAN)Administaff Inc. (ASF)TrueBlue, Inc. (TBI)Dollar Thrifty Automotive Group Inc. (DTG)Avis Budget Group, Inc. (CAR)Kenexa Corp. (KNXA)Companhia Brasileira de Distribuicao (CBD)Sirona Dental Systems Inc. (SIRO)PowerShares DB Gold Double Short ETN (DZZ)Morgans Hotel Group Co. (MHGC)Marvell Technology Group Ltd. (MRVL)BE Aerospace Inc. (BEAV)Direxion Daily Real Estate Bull 3X Shrs (DRN)Tenneco Inc. (TEN)Anadigics, Inc. (ANAD)UltraShort Gold ProShares (GLL)iStar Financial Inc. (SFI)Belo Corp. (BLC)The Talbots Inc. (TLB)Aruba Networks, Inc. (ARUN)Integrated Device Technology Inc. (IDTI)Moody's Corp. (MCO)China Agritech Inc. (CAGC)Akamai Technologies Inc. (AKAM)LDK Solar Co.Ltd. (LDK)American Axle & Manufacturing Holdings Inc. (AXL)Penny Stocks to Watch - December 7, 2009Emmis Communications Corp. (EMMS)Midwest Banc Holdings Inc. (MBHI)Advanced Environmental Recycling Technologies, Inc. (AERT)Pacific Ethanol, Inc. (PEIX)WHX Corp. (WXCO)Hythiam Inc. (HYTM)AMCORE Financial, Inc. (AMFI)Rentech, Inc. (RTK)First State Bancorp. (FSNM)US Concrete Inc. (RMIX)NexMed Inc. (NEXM)Powerwave Technologies Inc. (PWAV)Vonage Holdings Corporation (VG)Ambac Financial Group, Inc. (ABK)E*TRADE Financial Corporation (ETFC)Hemispherx Biopharma, Inc. (HEB)CEL-SCI Corp. (CVM)YRC Worldwide Inc. (YRCW)SIRIUS XM Radio Inc. (SIRI)LTX-Credence Corporation (LTXC)Synthesis Energy Systems, Inc. (SYMX)OTC Pink Sheets Stocks to Watch - 12/7/09Discuss these stocks at
http://stockstobuy.orgUSA URANIUM CORP (USAU.PK)THERMA-MED INC (THRA.PK)Left Behind Games Inc. (LFBG.OB)Xcellink International Inc. (XCEL.OB)GOOD LIFE CHINA CORP (GLCC.PK)VIPR Industries, Inc. (VIPR.PK)Quasar Aerospace Industries, Inc. (QASP.PK)Bluefire Ethanol Fuels, Inc. (BFRE.OB)General Growth Properties Inc. (GGWPQ.PK)PHI Group, Inc. (PHIE.OB)Paid Inc. (PAYD.OB)IDO Security Inc. (IDOI.OB)Quest Minerals & Mining Corp. (QMIN.PK)Red Branch Technologies, Inc. (RBTI.PK)BizAuctions, Inc. (BZCN.PK)Vega Promotional Systems, Inc. (VGPR.PK)One World Ventures, Inc. (OWVI.PK)Imaging3 Inc. (IMGG.OB)Health Sciences Group Inc. (HESG.PK)MedClean Technologies, Inc (MCLN.OB)American Sierra Gold Corp. (AMNP.OB)Smurfit-Stone Container Corp. (SSCCQ.PK)VIPR Industries, Inc. (VIPR.PK)Today's
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