Stocks to Watch WIFI, SLV, LEXG
Here is a list of stocks that includes ETF’s, penny stocks and large caps. The names are listed below :
Royal Caribbean Cruises (RCL:NYSE) This cruise line has made a monster run over the last 2 years, but could be very sensitive due to continued weak economic news. The chart is now in a major downtrend and is hovering over a a critical support area. Keep this one on your list with a bias to the short side.
Citigroup (C:NYSE) Shares of C didn’t participate in yesterday’s and the financials were weak overall. Was C’s recent move off the bottom just a dead cat bounce ? Or is the bottom in ? Watch some of the financial ETF’s for additional color on Citigroup ? Remember, C was over $40 not too long ago.
Lithium Exploration Group (LEXG:OB) The wildest penny stock of the year had a nice day yesterday on decent volume. While fundamentals are obviously not the reason to trade LEXG, the stock still remains an excellent trading vehicle. Plus the stock still has a large following. Naked shorts also could be factor. Add LEXG to your penny stock list.
Ishares Silver Trust (SLV:NYSE) This ETF is now starting to be talked about more from the short side. SLV failed to re-test the highs set during it’s recent historic run up. There is a little support below these levels, but SLV is certainly in a downtrend. The sidelines look good on this one, no matter what your bias is.
Boingo Wireless (WIFI:NASDAQ) Pulled back yesterday following a monster move higher from Monday. Monday’s move was fueled by a Deutsche Bank upgrade and an upbeat CNBC appearance by WIFI’s CEO who said all the right things. Some traders may be looking to buy this relatively thin small cap on weakness.
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