Stock-AVII-AVI Biopharma - Best Day Trading Stock

AVI Biopharma, Inc. (AVII) is a smallish biopharmaceutical company that is involved in the discovery and development of therapeutic products based on antisense and cancer immunotherapy technology. In April, with the swine flu scare, the price of the stock jumped from $.73 per share at the opening on Friday April 24th, to $1.21 in early trading on the following Monday. The stock quickly faded back to its pre-swine flu levels. However, since then, the price has been steadily climbing as the company has several initiatives it is working on other than swine flu. The price is channeling between $.97 and $1.05. There have been some very large blocks of shares purchased as of late as there is an expectation that there will be news announced in the near-term and this stock should go much higher. In particular, there is an expectation that the company may be announcing something soon,perhaps in connection with the Ebola virus. The stock is subject to daily swings. It seems to regularly open high, then fade during the course of the day. On some days it rises again late trading. My recommendation is to buy on dips.

Stock-AAPL-Apple Corp- Best Day Trading Stock

Stock Symbol -AAPL- Apple Corp - Today’s Best Day Trading Stock

Pricing Range: $118 - $130
Sell at $130
Cover at $118

We are selecting Apple Inc for our Best Day trading stock of the day. AAPL should be a good trade today and the rest of the week as price action should be quite predictable. In the early morning hours, APPL should see a price boost after their spectacular earnings report. The aftermarket and premarket activity has jacked up the price to over $126 per share. This increase in price in our opinion will not hold. APPL will make for a good day trading stock today as their share price will quickly fall from their premarket highs. If you plan on making premarket trades, consider short selling the stock at any price above $126 and covering at $125 and below. There should be better price action during the regular trading day as we can expect this stock to close flat or 5% below it’s highs of the day. The increased volume and attention AAPL stock is getting today will make this an excellent day trading stock. It is not recommended to be long the stock overnight, as the risk of a steep price drop is much higher the next day. It’s pretty safe to short this stock overnight as the major news is out today and any gains will surely be made today. Expect a pullback near the end of the day and most certainly on Friday.

Stock-DAL- Delta Airlines - Best Day Trading Stock

Stock Symbol -DAL- Delta Airlines - Today’s Best Day Trading Stock

We’re selecting Delta Airlines as our next best day trading stock. The reason we are looking at airlines these next few weeks is due to the fact that earnings for airline stocks are starting as of April 15th with AMR corp. Earnings should come out on the positive side for airline stocks as their expectations have been tremendously cut. So it would be a major surprise if anything negative would come out for any of the airlines. AMR will mostlikely kick off with good earnings and give the whole sector a boost. DAL is expected to have their earnings released on April 22nd. As with the rest of the sector we expect their numbers to be good. Airlines had a major run near the end of 08 and into part of Jan 09. Stock prices went tumbling down at the end of Jan. 09. There’s been a small rally the past week but nothing major compared to the rest of the market. We expect this to change as they take center stage these next couple of weeks. So we’re making Delta Airlines and the rest of the airline sector our best day trading stock. Expect a lot of volatility in Delta shares and the range we are placing for DAL is but anywhere below $7 and look to take profit near $7.75. Adjust your price range as news are released and new levels are set. With good earnings from the rest of the sector, DAL’s stock price can be $10 in a matter of days. For these reasons, DAL is one of the best day trading stock these next few weeks. When day trading DAL, make sure you keep stops in the 8% range, especially if you are on the short side. Day trading DAL and other airlines can be very profitable if handled properly. One method I’ve used with great success if to watch the stock that are in the same sector who’s earnings are scheduled out and when things start to move in a certain direction with that stock, I will buy or sell stocks that are in the same sector. The secondary stocks almost always react the same way but there will be a hesitation period for you to step in and day trade the stock.

Stock-GE-General Electric - Best Day Trading Stock

Stock Symbol - GE - General Electric - Today’s Best Day Trading Stock

Some of you are probably saying to yourself, what the heck is this guy saying?? Day trade General Electric? Why would you day trade a stock as steady as General Electric? What kind of profit do you expect to make day trading the grand daddy stock of them all? Well here are the reasons we are picking GE as our best day trading stock of the day. Reason number one to day trade General Electric has already been mentioned; they are a steady company and the stock price will not drop off a cliff and they will not rocket to the moon in 1 minute. We just felt a breather was necessary after 5 weeks of incredible gains in the DOW and NASDAQ. You need a predictable stock to day trade to protect your profits. This week is as unpredictable as it can get, we can either continue the rise or more likely the stock market will take a breather and be sold off a little due to the heavy weight buyers coming back from vacation. Also is it me or are we making a real big fuss over the hijacked ship off of Somalia? I get the feeling one way or another, the news development out of there will be used to affect the stock market in the coming days. So make sure you keep an eye out for that. Also in the coming weeks, we expect to see the Bears fighting back as it is clear we are no were near the bottom.

As for General Electric’s stock price, we see it opening lower this week and fighting to stay above $11 a share. The day trading range we are putting for this stock is buy at $10.75 and under and sell anywhere above $11.25. As always do your own research and good luck on your day trading investments! Day trading is the wave of the future and holding onto a stock will lead you towards the slaughter house.

Stock-F-Ford Motors - Best Day Trading Stock

Stock Symbol - F - Ford Motor Company - Today’s Best Day Trading Stock

Today we would like to add Ford Motor CO, symbol (F) to our best day trading stock. Ford represents an opportunity for day trading because of their up coming news events. The stock may be out of favor to the majority of investors but it’s a great stock for day trading. Since UBS initiated the stock with a “Buy” on March 20th, the stock has gone from $2.75 to over $4 at one point, it is currently priced at $3.95 (sharp rise in share price in a short time period makes for a great day trading stock.) Starting on April 2nd, the volume on Ford’s stock has more than quadrupled their average daily volume (large upswing in volume is great for day trading.) Recently there’s been a lot of talk from the Chinese looking to snatch up one or more of the beaten up auto companies. As deals between domestic automakers and foreign buys come to fruition, the stock prices will become very volatile; this makes for a great opportunity to start day trading the stock. The recommended day trading range will be between $3.5 and $4.25. If the stock hits below $3.5, it’s a buy and start looking to take quick profits if it rises above $4. When day trading this stock, I would highly recommend setting 8% stop limits both ways. We expect the stock to have a volatile session on Thursday, expect it to hit $4 again and then close lower before the long weekend. We do not recommend holding a short position over the long weekend. If there’s a drop towards $3.5, consider buying and holding over the long weekend. Good luck and have some great day trading sessions!

Stock-RIMM-Research In Motion

Stock Symbol - RIMM - Research In Motion

On April 2nd, RIMM released earnings that beat the street by .08 cents. This lead to a 20% increase in the stock price. Many like Cramer from “Mad Money” is talking up the stock and expects to see it run up to $80 a share. We don’t doubt that this may occur, but along the way there will be many peaks and throughs. That’s why we have added RIMM (Research in Motion) to our best day trading stock for April 8th. RIMM typically has a low and high that averages over 5% in range. The day after RIMM’s earning release the stock traded over 75 million shares, this is well beyond their average daily volume of 24 million shares. As the market retreats this week to catch a breather from the four week runup, RIMM has also retreated from their recent high of 64.44 on April 6th. Closing at the low on April is a negative sign for the stock and will lead to the stock price continuing to drift further down. We expect the stock to head near $57 a share and fight it’s way past 63$. The range we’re setting for day trading RIMM is a buy below $59 and take profit if it goes above $62. It’s a sell if it reaches anywhere above $63. Make sure you adjust your day trading range as the stock can break out upon any news. Day trading RIMM stock can lead to a very profitable experience for day traders, if you are patient and consistent.

When day trading stocks that are volatile like RIMM, it’s important to set a 10% stop limit both ways to protect yourself from extreme loses. Happy Day Trading!

Stock-DNDN-Dendreon- Best Day Trading Stock

Stock Symbol - DNDN - DendreonUpdated 4/26/09
Due to the recent price increase after our initial recommendation, we are posting an update to our DNDN selection. The new DNDN trading range is buy at $20 and under and take profit at $22. Expect a seesaw trading day for DNDN on Monday as Provenge data is released on the 28th! Everyone is expecting the data to be good to if there’s any disappointment, expect to see the stock plunge. There’s that small possibility that the company may announce a partnership on the 28th also but that’s a slim possibility. Also keep in mind that this news event may be an opportunity for Dendreon to announce a secondary stock offering to stock their coffers with additional research money. If you’re not a gambler, it’s best to sit on the side lines until the data is released on the 28th. If there’s any spike up, consider shorting the shares as major share holders will be selling into the news. Good luck.
======Updated 4/27/09======

For the week of April 6th though the end of April, we are adding Dendreon to our best day trading stock list.  Dendreon is a paradise stock for Day Traders.  If you followed the stock on Monday April 6th, you will have noticed a 9% increase in the share price.  There’s rumors of Dendreon having great late stage study results to present on April 28th at the American Urological Association.  Since news of the initial presentation listing, Dendreon stock has increased 38%.  After a big share price incrase to over $7, Dendreon stock price has come down a bit to close at $6.58.  We expect the stock to trade in the range of $6.25 to $7.5 for the next couple of days.  Increase and decrease your range as new floors / tops are set.  We are recommending that you buy the stock at anything below $6.25 and take quick profits if it goes above $7.  As the date gets closer towards April 28th, expect the stock price to move past the $8 price.  Shorts will try their best to keep this stock down, and the tug of war in stock share price will make this a great day trading stock, in our opinion one of the best day trading stock for the month of April.  When you have a short position, make sure you set a 10% limit and buy the stock back if it jumps.  Do not get into a short position without setting a limit sell.  If the market continues to fall further and Dendreon stock price falls with the overall market, consider buying some call options. Also note that the stock market is closed on Friday. Most traders will be taking off early so expect Thursday to be a low volume day. Dendreon stock price can be exposed to a short attack on Thursday. Buy on any major dip and expect to see the stock price move upwards on the week of April 13th. As always we wish you the best in your stock day trading day.

Stock-C- Citigroup - Best Day Trading Stock

Stock Symbol C - CitiGroup

Today we have chosen Citigroup for our best stock to day trade. The reason for this is due to the unstability of the stock itself. This stock moves on news and it moves wildly. If you’ve been following the stock you will have seen a fall of over 50% and a rise of over 100% the last few months. This volatility will continue this coming week as news are expected to come out of the white house on the direction they will take towards the banking sector. Also this coming week will be a strong test to the direction we should expect the market to go for the next few months.

• Spring break is coming up so expect low volume trading and low volume trading always lead to volatility.
• The DOW is expected to remove BAC and Citigroup
• Earnings kicks off starting on April 6th
• Global news of Korea’s nuclear missile launch will cause some stock market volatility.
• Friday’s employment numbers were very dismal, could signal the end of the recent runups.
• After 4 week runup, market will be left a little confused.  This will cause Citigroup to swing wildly on any news related to the financial sector.
• Old ghosts may start to creep up as catalyst for runup is dying down

So for these reasons, Citigroup takes the lead role as to our day trading stock, beginning on April 6th.  We expect to see the stock open slightly lower and rise from there. Also expect it to go up and down throughout most of the day.   A buying opportunity may present itself in the early morning.  Consider taking a quick profit if you see a rise above 3% of your initial purchase.

Stock-GERN-Geron - Best Day Trading Stock

The Best Day Trading Stock for today is:

Stock Symbol - GERN - Geron Corp.

Gern is chosen for their leadership in the stem cell market.  This market was hot at the end of 2008 and early part of 2009 but has tailed off quite a bit in recent months.  The major reason it has gone down was due to a secondary offering that was issued Feb. 12th, 2009.  While the timing on this offering was not the best, it wasa  necessary one for the company.  The additional funding will allow them to continue their research and improve on their technology.  We feel the sell off has been way oversold and it’s time for investors to come back to this stock.  Expect a temporary down day on Friday and watch this stock move up and down bigtime in the week of April 6th. So our recommendation is to start trading this stock in the range of 4.5 and under (BUY) Sell at 5.5 and above. Stem cell stocks should be a strong play for the next couple of weeks.  As always do your own diligent research and invest wisely.

Notes: This stock has gone from 4.5 to 4.95 after our initial call on April 3rd.  We expect to see it go over 5.5 sometime this week.  It’s a good trade to hold till atleast 5.5 before selling.   Gern and other Biotechnology type stocks should do well this week and possibly into next week.  A future story will be done on DNDN - Dendreon soon.