Potash Corp. of Saskatchewan, Inc. (POT) - Shares of Potash Corp. of Saskatchewan, Inc. pulled back slightly on Monday with the stock market. Potash Corp has resistance located at $127, if the stock can close above this level, I think it will retest $136-$140.
Star Scientific, Inc. (CIGX) - Shares of Star Scientific, Inc. have been on fire over the past two weeks. There is no major resistance until about $3.30. Support is located at $1.48
Zanett Inc. (ZANE) - Shares of Zanett Inc. continue to be very active. Zanett has resistance located at $3.09 & $3.57.
American Intl Group, Inc. (AIG) - Shares of American Intl Group, Inc. exploded higher late in the trading day as there is chatter the company is going to sell off more assets. This news is to be expected however. Resistance is located at $36.45 & $38.45.
Boston Scientific Corporation (BSX) - Shares of Boston Scientific Corporation (BSX) fell sharply on Monday due to the following news: Boston Scientific suspends ICD sales; shares slump. Support is located at $6.31 but then it becomes a short for a trade.
Cell Therapeutics, Inc. (CTIC) - Shares of Cell Therapeutics, Inc. broke up through $1.00 on Monday after breaking down on Friday. I'm going to let this stock play out over the next few days before I make a decision. Cell Therapeutics now has resistance located at $1.11.
SIRIUS XM Radio Inc. (SIRI) - Shares of SIRIUS XM Radio were flat again on Monday. The momentum has clearly left the stock for now but investors must be happy due to the stock trading in the $0.90's vs $0.60's. 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 came within $2 of It's 52 week high last week. Resistance is now located at $90. If you think a correction is coming, ( a lot of analysts on CNBC seem to think so ) now is the time to start buying FAZ.
DryShips, Inc. (DRYS) - Shares of Dryships Inc pullback on Monday with the stock market. Waiting for a close back above $6.20 and then I will get in.
Research In Motion Ltd. (RIMM) - Shares of Research In Motion Ltd. continue to break out after closing above $72 last week. Research in Motion traded in the $60's for the past 5 months and usually when a stock breaks out from a long trading range, it never looks back. Resistance is located at $80, we got close to this on Monday with a $76.95 print. Any pullback under $70 is a strong buy.
Goldman Sachs Group Inc. (GS) - Shares of Goldman Sachs Group Inc. (GS) pulled back on Monday. Support is now located at $170, a fall below this could bring $165 quickly. The next major resistance level is located at $178.35.
Bank of America Corp (BAC) - Bank of America Corp has resistance located at $17.17, as soon as the stock closes above this level, it should trend even higher. We had a slightly pullback on Monday but BAC continues to hang in there. Any pullback under $16 is a strong buy.
Somaxon Pharmaceuticals, Inc. (SOMX) - Shares of Somaxon Pharmaceuticals, Inc. continue to be the Top Stock Gainer of 2010 with the exception to Zanett. With such a high title, you have to continue to watch it.
Alcoa, Inc. (AA) - Shares of Alcoa, Inc. have resistance at $13.90. I'd be a buyer on a close above this level. Right now, Alcoa is in a basing pattern in the $13's, a break out of this trading range could bring huge upside.
Advanced Micro Devices Inc. (AMD) - Shares of Advanced Micro Devices have support located at the 10 day moving average ( $8.68 ). Resistance on the upside is located at $9.09 & $9.25.
Freddie Mac (FRE) - Support = $1.18 - Resistance = $1.29
Fannie Mae (FNM) - Support = $1.00 - Resistance $1.07
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