This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

3 Hot Stocks to Trade (or Not)

Cobalt International Energy

Nearest Resistance: $15

Nearest Support: N/A

Catalyst: Aegean Well Results

>>5 Cash-Rich Stocks That Could Pay Triple the Gains in 2014

Cobalt International Energy (CIE) is getting sold off more than 8% this afternoon, after the firm released a statement that it was plugging and abandoning its Aegean number-one exploratory well in the Gulf of Mexico. CIE's drill didn't find commercial hydrocarbons, which means that it's back to square one for the project. After selling off more than 41% year-to-date, this latest hiccup is far from an ideal way to end the year.

A quick glimpse at CIE's chart is just about all you need to figure out its tradability right now. This resource stock is clearly broken. Resistance is in place at $15, and support is nowhere to be found at this point. If you're looking for a cheap buying opportunity in CIE, wait for shares to establish some semblance of support before you put money in this name; for now, it's a falling knife you don't want to catch.

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
ARIA $9.12 1.79%
ATVI $25.71 1.18%
CIE $9.78 -1.21%
TSLA $247.00 -0.18%
YHOO $43.38 1.24%


DOW 18,162.99 +121.45 0.67%
S&P 500 2,123.48 +19.28 0.92%
NASDAQ 5,106.5930 +73.8420 1.47%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs