SAN DIEGO ( TheStreet) -Each morning, Dan Fitzpatrick at, 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 : IBM ( IBM), Pacific Biosciences ( PACB),and Qualcomm ( QCOM),

On Friday, Jim Cramer looked at IBM on "Mad Money." The stock is trading near an all-time high, with the fifty day moving average near the resistance level, Fitzpatrick said. He does not think it's too early to buy, with the 20 week average defining the support level.

Pacific Biosciences was Cramer's speculative stock on Friday. Fitzpatrick said to trade this stock carefully, with a stop around $10.30. If it goes lower, he said, it will probably go much lower. But if the stock starts trading above the 50 day moving average, he said, he would be more confident that it is currently trading at the bottom.

The last stock Fitzpatrick examines is Qualcomm. On Friday, this was Stephen Weiss's pick on "Fast Money" for companies that make semi-conductors. Well above its 200-day moving average, the stock is trading in the middle of its trading range, as it consolidates. Fitzpatrick said this puts some safety in this pick, though he doesn't see an immediate upward trend. But he sees this as a company to hold for the long-term.
At the time of publication, Fitzpatrick was long XXX, though positions may change at any time.

Dan Fitzpatrick is the publisher of, 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.