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3 Stocks I Saw on TV, August 3

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 : PPG Industries (PPG - Get Report), Alkermes (ALKS - Get Report),and Mosaic (MOS - Get Report),

On Tuesday's "Mad Money," Jim Cramer spoke to the CEO of PPG Industries. Fitzpatrick points to technical data and recommends avoiding the stock, at least for now. He said the chart points to an increasingly higher volume in selling. He said to watch the stock and to sell if it does not head back above $85.

Cramer also talked to the CEO of Alkermes on Tuesday. Fitzpatrick liked this chart better. The stock is down on the weekly chart, but he said the support level, near $16.43 is now where the past resistance level had been. But he said the stock is at the bottom of its trading range and could go lower. He said it would be better to wait and see if the stock drops about a $1 or $1.50 before buying.

The last stock Fitzpatrick examines is Mosaic. Based on the chart, Fitzpatrick said he sees a reverse head and shoulders pattern forming in Mosaic. He said this indicates the stock might gain some traction.

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SYM TRADE IT LAST %CHG
ALKS $62.26 0.00%
CF $294.44 0.00%
MOS $44.99 0.00%
MON $118.46 0.00%
PPG $223.31 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

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