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Thursday, March 31, 2011

Stock Movers: POT, AMZN, RIMM, BIDU, WFC, REE

By Tim - http://stockstobuy.org/

Check the Top Stocks Gainers in 2011, year to date.

Below we take a look at - RIMM, POT, BIDU, WFC, REE, AMZN

Potash Corp. of Saskatchewan, Inc. (POT) - Potash Corp. of Saskatchewan, Inc. (POT) is looking strong once again is is making it's way back to $60. POT has support on the downside located at $55. POT is a strong buy on any major correction below $50.

Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) continues to hold $55 and is back near $57. Research in Motion has support at $55 now. Research in Motion will have resistance on the upside located at $60 as well as $65. RIMM is a strong buy below $55. RIMM will probably be dead money in the short term but if the stock can stay above $55, I think it will attract some new buyers

Amazon.com Inc. (AMZN) - Amazon.com Inc. (AMZN) is testing $180 today which is very bullish. AMZN was a strong buy near $160 and is now going to retest the 52 week high.

Baidu Inc. (BIDU) - Baidu Inc. (BIDU) continues to break out and hit a new 52 week high. Baidu Inc. (BIDU) might not stop this rally until it hits $150. BIDU is now a strong buy below $115 if we ever see a correction.

Wells Fargo & Company (WFC) - Wells Fargo & Company (WFC) stock is now trading back near $32. WFC stock is a buy on a drop below $30.

Rare Element Resources Ltd. (REE ) - Rare Element Resources Ltd. (REE) hit $13.80 on Wednesday and then pulled back. REE is a second tier rare earth metal play but should continue to fly as long as MCP does. REE is a buy below $10.

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