5 Huge Stocks to Trade for December Gains
Bank of America
Yesterday couldn't have been more different for Bank of America (BAC) -- shares of the $112 billion banking stock rallied 5.66% in yesterday's session, adding onto the enormous gains that this stock has churned out since the start of the year. Bank of America has more than doubled since the first trading day in January. Now, shares could be headed for higher ground still...
We last looked at BofA a month ago, when the ascending triangle pattern in shares was just setting up. At that point, I said that a move above $10 was where you'd want to be a buyer -- well, yesterday's price action certainly showed why.
At this point, late-to-the-game traders still have a shot at jumping onboard BofA, but I'd recommend waiting a little longer before trying to be a buyer. After such a large move, it's not uncommon for a stock to do a "throwback," falling back down to newfound support (at $10 in BAC's case) before continuing higher. I'd be looking for that to happen before buying this stock; then, I'd put a protective stop just under the 50-day moving average.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
