Stock Market Investing Ideas 6/17/2011
Radient Pharmaceuticals Corporation (RPC) - Besides the stocks I highlighted above, Radient Pharmaceuticals Corporation (RPC) is up 61% in the past week and is worth watching. RPC will have resistance at $0.27 as well as $0.30.
Kodiak Oil & Gas Corp. (KOG) - Kodiak Oil & Gas Corp. was one of my best oil stock ideas for 2011. Kodiak Oil & Gas Corp. (KOG) is one of the up and coming companies in the Bakken Shale. KOG continues to be very volatile. KOG will now have resistance between $6.00-$6.20. Discuss KOG
Samson Oil & Gas Limited (SSN) - SSN was down again on Thursday. SSN will now have resistance located at $3.00. Pullbacks below $2.70 continue to be a buy for a trade.
Paramount Gold and Silver Corp. (PZG) - Paramount Gold and Silver Corp. (PZG) is my Top Gold Stock for 2011. PZG is back trading in the mid $3's. PZG will have resistance located at $3.80 now. PZG will have support at $3.30 going forward.
American International Group, Inc. (AIG) - American International Group, Inc. (AIG) continues to be strong near $28 . AIG will now have resistance at $30. AIG has support located at $27.50.
Sirius XM Radio (SIRI) - Sirius XM Radio (SIRI) is now back below $2.00. Sirius XM Radio will now have support at $1.90. Sirius XM Radio is a strong buy on pullbacks below $1.60. SIRI will now have resistance located at $2.50.
Las Vegas Sands Corp. (LVS) - Las Vegas Sands Corp. (LVS) is now trading above $39. Las Vegas Sands Corp will have resistance located at $42. Las Vegas Sands (LVS) is now a buy below $36 for a swing trade.
Dryships Inc. (DRYS) - Dryships Inc. (DRYS) was upgraded on Tuesday to outperform. The next major resistance level for Dryships is located at $4.00. Drys has support at $3.50.
Direxion Daily Financial Bear 3X Shares (FAZ)
Daily Finan. Bull 3X Shs(ETF)(FAS) - Daily Finan. Bull 3X Shs(ETF)(FAS) bounced back into the $23's on Thursday. FAS will have support located at $21.03 and resistance located at $25. FAS is a strong buy below $22 per share. I would be avoiding Direxion Daily Financial Bear 3X Shares (FAZ) right now.
Research In Motion Ltd. (RIMM) - Research in Motion Ltd (RIMM) dropped below $35 on Thursday. Research in Motion (RIMM) has support at $34.65 now. Research in Motion (RIMM) will have resistance up at $38-$40.
Cisco Systems, Inc. (CSCO) - Cisco Systems, Inc. (CSCO) was up on the day Thursday which is bullish. CSCO will have resistance around $16.04 now. Cisco Systems (CSCO) will have support down around $14.80. Cisco Systems is a strong buy below $17 for the long term. This stock will eventually come back with some patience. For the latest updates PRESS CTR + D or visit Stock Market news Today
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