Pacific Capital Bancorp (PCBC) - Shares of Pacific Capital Bancorp continue to climb higher on no recent news. PCBC closed above the 200 day moving average on Wednesday. This is a very bullish technical indicator.
Delta Petroleum Corp. (DPTR) - Shares of Delta Petroleum Corp. were on fire Thursday after the company sold some of their natural gas assets. A close above $2.00 at any time would be very bullish.
Potash Corp. of Saskatchewan, Inc. (POT) - Shares of Potash Corp. of Saskatchewan, Inc. broke down through $125 support on Thursday. The 10 day moving average is located at $121.27 so I'd expect this dip to be bought. I expect Potash to really soar when it closes back above $127.
Zanett Inc. (ZANE) - Shares of Zanett Inc. seem to have calmed down now, the volume is weak but still worth watching. Zanett has resistance located at $3.09 & $3.57. A close below $2.50 would be bearish.
Alcoa, Inc. (AA) - Shares of Alcoa, Inc. closed above the $13.90 resistance level on Wednesday which is very bullish for the futre of this stock. Alcoa doesn't have any major resistance until about $15.50 - $16.
American Intl Group, Inc. (AIG) - Shares of American Intl Group, Inc. continue to be a great buy under $34 as long as you keep a tight stop at $33.20. Resistance is located at $35.38
Cell Therapeutics, Inc. (CTIC) - Shares of Cell Therapeutics, Inc. continue to hold $1.00 which is bullish for the rest of the week. Cell Therapeutics now has resistance located at $1.11. $0.97 must hold on the downside!
SIRIUS XM Radio Inc. (SIRI) - Shares of SIRIUS XM Radio continue to trade in a tight range...the stock has been pretty boring so far this week. Sirius XM Radio has resistance located at $1.00 and support at $0.82. Whichever price is broken first is where the stock is headed.
Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS finally broke to a new 52 week high on Wednesday which is bullish for the short term. The next resistance level is located at $101. I would not be buying FAZ right now, let this FAS rally play out a little bit. I view Thursday's pullback as just a small correction and the uptrend to resume very soon.
DryShips, Inc. (DRYS) - Shares of Dryships Inc remain a solid buy below $6 in my opinion. When Dryships finally closes back above $6.20, I think it will start a new sustainable uptrend.
Research In Motion Ltd. (RIMM) - Shares of Research In Motion Ltd. are pulling back to the 10 day moving average located at $74.23. Research in Motion remains a super strong buy if we see the stock dip below $70.
Sequenom Inc. (SQNM) - Shares of Sequenom Inc. have resistance located at $6.00. A break above this level would be bullish for a trade.
Goldman Sachs Group Inc. (GS) - Shares of Goldman Sachs Group Inc. (GS) have resistance located at $178.35. This is basically the only thing I am watching with this stock now. If Goldman Sachs would fall back below $170, I'd be a buyer.
Bank of America Corp (BAC) - Bank of America Corp closed above the recent $17.17 high on Wednesday. I feel that this stock will make a slow but steady climb toward the 52 week high located at $19.08 during the coming months.
Advanced Micro Devices Inc. (AMD) - Shares of Advanced Micro Devices have support located at the 10 day moving average ( $9.01 ). Advanced Micro Devices hit my $9.25 target on Tuesday which I have been talking about for weeks now. $10 is the next major resistance level I am watching out for!
Freddie Mac (FRE) - Support = $1.18 - Resistance = $1.41
Fannie Mae (FNM) - Support = $1.00 - Resistance $1.17
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