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TheStreet Open House

3 Stocks I Saw on TV, August 5

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 : Web.com (WWWW), Federal Realty Investment (FRT),and Petrobras (PBR).

Thursday on "Mad Money," Jim Cramer spoke to the CEO of Web.com. The stock is trading at the 50 and 200-day moving day average and had been trending lower before jumping up on news the company would buy Network Solutions. Fitzpatrick said he thinks investors may become more bullish if the deal works out causing the stock to breakout. But he doesn't like the stock now, as it's trading near its resistance level.

Cramer also featured Federal Realty Investment Trust. The stock closed down 2.5 percent yesterday. Fitzpatrick says the support level is around the 200-day moving average, though the stock is currently trading below that level. If the stock falls below that, Fitzpatrick recommends waiting to buy FRT at a lower price.

The last stock Fitzpatrick examines in the video, is Petrobas - also discussed on "Fast Money." Fitzpatrick said the stock is technically broken, having dropped substantially, and he recommends staying cautious.

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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