XLF, NNAN, PFE, IDEH, ORCL
Financial Select Sector ETF (XLF:NYSE) Not so long ago, we highlighted the crucial $12 support level on XLF, and it held, now the shares have been in an uptrend ever since. Right, now XLF if down for the day, but a break of $13.48 could cause the bank bulls ot rumble again.
NaturalNano (NNAN.OB) There is still no follow through for longs who played NNAN’s Cancer Summit presentation. Bashers are out there claiming NNAN is a hype machine, but it seems like penny stock scalpers are still using the 2 cent level as support. Keep NNAN on your penny stocks list on a just in case basis.
Pfizer (PFE:NYSE) All of the pharmas look strong here, which obviously has to do with the fear factor in the market. PFE pays a dividend that is slightly larger than 4%, but short term traders should keep in mind that there is a downside gap that could be filled in the $18.20 area.
International Dev and Enviro Holdings (IDEH.OB) Can’t find any news on this sub penny stock, but shares of IDEH are currently up over 180% on Thursday. Even though the dollar volume is light, IDEH‘s actual share volume is through the roof. Today’s monster move also could put IDEH back on the radar of penny flippers. Add IDEH to your sub penny stock list.
Oracle (ORCL:NYSE) News has been reported that SAP (SAP:NYSE) received a favorable ruling in it’s court battle versus ORCL. This news story sounds bigger than it is and the dollar amount is miniscule relative to the market cap of ORCL. However, ORCL still needs to break $28.67 to get longs going again.
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