Stocks to Watch C, MMI, MS
Citigroup (C:NYSE) Pulled back today with the broader averages after not being able to successfully punch through the $40 level. Although, Citi has been strong recently and has the potential to be one of the leaders if today’s move is just a one day pullback.
Motorola (MMI:NYSE) Shares have been weak recently after the recent continued weakness of Research in Motion (RIMM:NASDAQ) and Nokia (NOK:NYSE). However, shares have held the 23 dollar level. So the short term bleeding may have stopped even though the trade has the look of dead money from here.
Morgan Stanley (MS:NYSE) Here is another financial to add to your list of stocks. Shares are back near the widely watch $22 level, that it recently made it’s move from. Traders will be watching if this key level holds. Keep MS on your watchlist because both trades from the long and short side could develop.
Xinde Technology (WTFS:OB) We highlighted this Chinese reverse merger penny stock play yesterday as it sold off. However, shares have rallied today even with cloud of uncertainty looming over these China based plays. This might be a dead cat bounce, so staying flat on WTFS might be the best way to play it, but still add it to your penny stock list.
Cascadia Investments (CDIV.PK) Shares of the recently suspended stock finally reopened for trading, and the volume has been almost nonexistent. CDIV is newsy and has a cult following so it could get a little more active in the upcoming session. Check out our piece on the other 16 halted stocks for the symbols of these companies.
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