Below is a list of stocks to buy on Thursday. These stocks are active and have the potential to break out this week. For more in-depth ideas, join my trading group - Stock Picks Group
Check out my Stock Picks for 2016 - Stocks to Buy 2016 - Penny Stocks Picks 2016
MGT Capital Investments (MGT) - MGT is one of the top stocks in 2016, Up over 1,000%. See More.....
Small Cap Bull 3x (TNA) - TNA failed near $65 on Tuesday and is now in correction mode. Continue to expect big moves in 2016 and beyond. TNA remains the best trading stock in the market right now.
China 3x Bull ETF (YINN) - YINN rallied from $11-$14 recently and is now seeing a pullback. YINN will now have resistance located at $14 going forward.
Shake Shack (SHAK) - Shake Shack (SHAK) is hitting resistance between $37-$38. SHAK will break out one of these quarters and be a darling stock in 2017.
Apple (AAPL) - Apple (AAPL) continues to grind higher after Warren Buffett took a $1 billion stake in the company. Apple (AAPL) is now a strong buy below $90. Resistance will be located up at $100.
Tesla (TSLA) - Tesla (TSLA) is now trading back above $220. The stock rallied from $135-$260 a few months ago so profit taking was to be expected. Tesla (TSLA) will now have major support located at $200.
Twitter (TWTR) - Twitter (TWTR) appears to have formed a double bottom in the $14's. Expect some big swings over the next three months followed by a rally into earnings. TWTR is an excellent trading stock.
Chipotle (CMG) - Chipotle (CMG) is pulling back after a strong rally in May. CMG is a good long term buy down here.
Keep an eye on MGT & CPXX which are some of the hottest stocks in 2016 above $2. Top Stock Gainers 2016
Alexco Resource (AXU) is one of the Top Performing Penny Stocks in 2016 - Also watch UNXL & GSS.
Stocks to Watch - 6/2/16
Ocean Power Technologies, Inc. (OPTT)
Demandware, Inc. (DWRE)
Galena Biopharma, Inc. (GALE)
RiceBran Technologies (RIBT)
Viking Therapeutics, Inc. (VKTX)
BSQUARE Corp. (BSQR)
Parnell Pharmaceuticals Holdings Ltd. (PARN)
xG Technology, Inc. (XGTI)
AVEO Pharmaceuticals, Inc. (AVEO)
Mast Therapeutics, Inc. (MSTX)
EnteroMedics Inc. (ETRM)
Check out my Stock Picks for 2016 - Stocks to Buy 2016 - Penny Stocks Picks 2016
MGT Capital Investments (MGT) - MGT is one of the top stocks in 2016, Up over 1,000%. See More.....
Small Cap Bull 3x (TNA) - TNA failed near $65 on Tuesday and is now in correction mode. Continue to expect big moves in 2016 and beyond. TNA remains the best trading stock in the market right now.
China 3x Bull ETF (YINN) - YINN rallied from $11-$14 recently and is now seeing a pullback. YINN will now have resistance located at $14 going forward.
Shake Shack (SHAK) - Shake Shack (SHAK) is hitting resistance between $37-$38. SHAK will break out one of these quarters and be a darling stock in 2017.
Tesla (TSLA) - Tesla (TSLA) is now trading back above $220. The stock rallied from $135-$260 a few months ago so profit taking was to be expected. Tesla (TSLA) will now have major support located at $200.
Twitter (TWTR) - Twitter (TWTR) appears to have formed a double bottom in the $14's. Expect some big swings over the next three months followed by a rally into earnings. TWTR is an excellent trading stock.
Chipotle (CMG) - Chipotle (CMG) is pulling back after a strong rally in May. CMG is a good long term buy down here.
Keep an eye on MGT & CPXX which are some of the hottest stocks in 2016 above $2. Top Stock Gainers 2016
Alexco Resource (AXU) is one of the Top Performing Penny Stocks in 2016 - Also watch UNXL & GSS.
Stocks to Watch - 6/2/16
Ocean Power Technologies, Inc. (OPTT)
Demandware, Inc. (DWRE)
Galena Biopharma, Inc. (GALE)
RiceBran Technologies (RIBT)
Viking Therapeutics, Inc. (VKTX)
BSQUARE Corp. (BSQR)
Parnell Pharmaceuticals Holdings Ltd. (PARN)
xG Technology, Inc. (XGTI)
AVEO Pharmaceuticals, Inc. (AVEO)
Mast Therapeutics, Inc. (MSTX)
EnteroMedics Inc. (ETRM)
