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3 Stocks I Saw on TV, June 28

Stocks in this article: PM NKE SO

SAN DIEGO ( TheStreet) 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 : Philip Morris (PM), Nike (NKE),and Southern Company (SO),

On Monday's "Mad Money," Jim Cramer looked at cigarette-maker Philip Morris. The stock had been in an up-trend before moving back down to the 50-day moving average. Fitzpatrick said he would not buy the stock now, unless it starts heading down closer to the 200-day moving average.

The next stock Fitzpatrick looks at is Nike, which announced better than expected earnings Monday after the market closed. After an upward trend, Fitzpatrick said the stock was consolidating. He recommends selling the stock, which was trading at the top of its short-term trading box yesterday.

The last stock Fitzpatrick highlights is Southern Company. The utility company has a 4.7% dividend and is trading at close to its high. Fitzpatrick set a support for this stock just above $39 and recommends buying as close to support as possible. He said it's a solid stock to own, with a healthy dividend.

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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