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3 Stocks I Saw on TV, June 24

SAN DIEGO ( TheStreet) -Each morning, Dan Fitzpatrick at RealMoney.com, talks about three stocks on CNBC's "Fast Money" and "Mad Money" and gives his thoughts on how investors can use those ideas to grow their money. Today's stocks include : Dupont (DD - Get Report), Apple (AAPL - Get Report),and Navios Maritime (NM - Get Report),

On Thursday, Cramer featured Dupont on "Mad Money." The stock bounced off the 200 moving day average before heading upwards. Fitzpatrick said he is not sure which way the stock will head so he focused on managing risk. Long term, he is concerned about which way the overall economy is headed but in the short-term, he said to look at $48.78 as the trading low. As long as the stock stays above this low, he likes the stock. If it breaks out above the $51.32 mark, Fitzpatrick said he sees more room for upside. Still he recommended trading with discretion.

The next stock Fitzpatrick looked at was Apple, which Joe Terranova spoke about on "Fast Money." The stock was up nearly three percent on Thursday but Fitzpatrick said he sees a lot of downside, and that the stock may be just starting a downward trend. Fitzpatrick is currently long Apple but if it heads down near $306, he recommended getting out.

The last stock Fitzpatrick looked at was Navios Maritime. Last night on "Fast Money," Karen Finerman liked the stock as a long-term trade. Fitzpatrick said the stock, which is trading just under $5 dollars doesn't have a lot of downside in it and if people do start buying the stock, there is a lot of potential for upside.
At the time of publication, Fitzpatrick was long XXX, though positions may change at any time.

Dan Fitzpatrick is the publisher of StockMarketMentor.com, an advisory newsletter and educational forum dedicated to teaching effective risk management and trading methodologies to aspiring traders and investors. He is a former hedge fund manager and a member of the Market Technicians Association, and he now trades from his home in San Diego, Calif. While Fitzpatrick holds various securities licenses, he does not give recommendations to buy or sell stocks. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. He appreciates your feedback; click here to send him an email.

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SYM TRADE IT LAST %CHG
AAPL $108.61 -1.60%
DD $49.16 -2.80%
DOW $42.23 -1.40%
GOOG $597.94 -1.40%
NM $2.70 -2.20%

Markets

Chart of I:DJI
DOW 16,073.55 -301.21 -1.84%
S&P 500 1,919.19 -31.94 -1.64%
NASDAQ 4,677.0420 -56.4550 -1.19%

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