Quality Stocks to watch – buy on dips

Posted by HanaDaddy | Posted in My thoughts on the market | Posted on 21/07/2009

Tags: Apple, Ford, GE, Mastercard, Palm, Research in motion, stock to watch, Visa

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This is a quality stock recommendation to buy when they are low and I totally agree.

Support = buying support ( where buyers are likely to be located ), Resistance = selling resistance ( where the sellers are likely to be selling ).

Visa Inc. (NYSE: V)- $60 – Love Visa long term – Support $64 and $62 which are the 10 & 50 day moving averages, Resistance $67.20 which was the June 12th high ( and 7/21/09 ) then $70.

MasterCard (MA) – $156 – Also love Mastercard long term – Support $169, Resistance 188.59 which was the late April high.

Potash Corp. of Saskatchewan, Inc. (POT) – $85 – Support $90, $85 – Resistance $97, $100

Apple (AAPL)- $120 – Support $143, $137, Resistance $158, $167
Palm, Inc. (PALM) – $13 – Support $13.33, Resistance $16.80
Research In Motion Ltd. (RIMM) – $60 – Support $74.30, $72, $69, Resistance $76-$77
Ford Motor Co. (F) – $5.30 – Support $5.80, Resistance $6.54 which is major resistance
First Solar (FSLR) – Close Above $150 – Looking to buy on a close over $150 resistance

Continental Resources Inc. (CLR) – Looking to buy below $25
Fuqi International, Inc. (FUQI) – Looking to buy between $15-$16
AgFeed Industries ( FEED ) – Looking to buy feed under $5
Fifth Third Bancorp (FITB)- $6
Huntington Bancshares Inc. (HBAN) - $3
General Electric Company (NYSE:GE)- Would love to buy General Electric near $10
STEC, Inc. (STEC) – Looking to buy STEC at the 50 day moving average = $21.10