Tuesday Penny Stocks to Watch JAMN, LEXG

RIMM, BAC, JAMN, MS, LEXG


Here is a list of penny stocks to help you in Tuesday’s trading session. They range from large caps to penny stocks and are listed below:

Research in Motion (RIMM:NASDAQ) Despite today’s nice rally, shares of RIMM were down a little less than 2 percent. Last week it looked like there was a chance for a bounce, especially with a gap to fill on the upside. However, it seems like the numerous downgrades on the stock are giving shorts the guts to short on strength.

Bank of America (BAC:NYSE) Nice day for the beaten down bank today and a break of $10.94 could cause a mini breakout. But there are still several pockets of resistance to fight through at higher prices. BAC may not be a bad idea at these levels for long term holders, but it’s not much more than a scalp for short term traders.

Jammin Java (JAMN:OB) Shares of this once super hot penny stock are finally starting to look broken. Not too long ago, we mentioned the $1.40 level as a key support level. JAMN fell a little short of testing the psyche level of $1 today, but there is always tomorrow. Either way add JAMN to your penny stock list.

Morgan Stanley (MS:NYSE) If you are a short term trader, shares of MS gave you two chances to buy at or near the key $22 level. Many of the talking heads feel the brokerage firms have less exposure to the European crisis than their commercial, money center counterparts. The $23 level will be a nice battleground, and could cause a little bit of a tug of war between longs and shorts.

Lithium Exploration Group (LEXG:OB) Shares of this former massive winner are in a downtrend on lighter volume. We have mentioned LEXG before in prior entries, and it was an excellent trading vehicle at one time. At this point it seems that the naked shorts were right, and there is a key level of $1.30 below that may need to be retested.

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9 Stocks to Watch

Penny Stocks to Watch, and Some Large Caps


Here are some stocks to watch for Thursdays session. These names range from large caps to penny stocks. Add the symbols to your list of symbols for tomorrow.

aapl stock 9 Stocks to WatchApple Computer (AAPL:NASDAQ) Beat estimates, and up in the aftermarket and could lead the NASDAQ either higher or lower on Thursday. AAPL will certainly be newsy tomorrow. So watch the talking heads. Their comments could lead to some quality scalps. Also, look for sympathy trades in Apple related stocks.


sagent pharmceuitcals 9 Stocks to WatchSagent Pharamceuitcals (SGNT:NASDAQ) This one came out of nowhere. Sagent is a pharma IPO that many thought would open flat. Instead the stock was up over 4 points at its high. Who says the IPO market is getting weak ?

compass diversified holdings 9 Stocks to WatchCompass Diversified Holdings (CODI:NASDAQ) Came up on the insider buying radar today. This is usually a good sign. Plus, the stock is almost in the middle of its trading range.


chipotle mexican grill 9 Stocks to WatchChipolte Mexican Grill (CMG:NYSE) This rocket ship was down big on earnings in afer hours trading. Remember, these volatile, sub 10 billion dollar market cap stocks are traded heavily by hedge funds. This increases volatility and is not for the feint of heart. Probably best to sit on the sidelines with this one. Regardless if you are leaning long or short.

yahoo 9 Stocks to WatchYahoo (YHOO:NASDAQ) This stock seems like cement and never seems to move in either direction. The story is great and the fundamentals seems solid. Still probably best to wait for a move, unless you are the buy and hold type.


allied security 9 Stocks to WatchAllied Security Innovations (ADSV.PK) Once again, I am highlighting the most active IHUB message board. This name could be active with sub penny stock players in the AM. Especially the penny stock scalpers.


sprint nextel stock 9 Stocks to WatchSprint Nextel (S:NYSE) Just can’t seem to break the 5 dollar level with any conviction. Great story, but something seems to be missing. However this low priced NYSE name does have somewhat of a cult following.

 

 

intel intc stock 9 Stocks to WatchIntel (INTC:NASDAQ) Up big today after earnings. Is this finally turnaround time of stodgy old Intel. Seems to have eyes for $22. Remember this name used to be a great trading stock. But are those days gone forever ?



lithium exploration group 9 Stocks to WatchLithium Exploration (LEXG:OB) This stock has been a juggernaut recently. The penny stock set a new high today after a PR. However, the short term chart is looking a little parabolic.

 

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