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 2017 -
Stocks to Buy 2017 -
Penny Stocks Picks 2016
MGT Capital Investments (MGT) - MGT is one of the top stocks in 2016, Up over 1,000%.
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S&P 500 - The S&P 500 continues to break out to the upside and is now trying to form a base above 2100. While we are due for a minor pullback, all signs point to a 2016 year end close between 2200-2325.
Tesla (TSLA) - Tesla (TSLA) is now trading back above $220 after getting a key endorsement from Ron Barron -
http://finance.yahoo.com/video/ron-baron-two-stocks-working-110800232.html - 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.
Small Cap Bull 3x (TNA) - TNA hit $68.30 on Tuesday. 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 is now back trading above $14. YINN will now have resistance located at $16.30 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) is having trouble around $100 after bouncing off $90. Apple (AAPL) is now a strong buy below $90. Resistance will be located up at $100.
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 & UNXL 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 - 6/8/16
China Auto Logistic Inc. (CALI)
Erickson Incorporated (EAC)
Aehr Test Systems (AEHR)
LDR Holding Corporation (LDRH)
Warren Resources, Inc. (WRES)
Sarepta Therapeutics, Inc. (SRPT)
Uranium Resources, Inc. (URRE)
General Steel Holdings, Inc. (GSI)
Gevo, Inc. (GEVO)
Uranium Energy Corp. (UEC)
Sysorex Global (SYRX)
Eltek Ltd. (ELTK)
Navistar International Corporation (NAV)
Helios and Matheson Analytics Inc. (HMNY)
Cleantech Solutions International, Inc. (CLNT)
Uranium Energy Corp. (UEC)
Recon Technology, Ltd. (RCON)
