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Subject:  Three Stocks Hammered Into Buy Levels Date:  11/14/2011  12:52 PM
Author:  inthemoneystock Number:  365713 of 549

In this wild market there are stocks that have outperformed and stocks that have underperformed. In addition, there is a class of stocks that have been crushed. Every trader wants to know when the right buying opportunity is for these stocks. First Solar, Inc. (NASDAQ:FSLR), Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) and Diamond Foods, Inc. (NASDAQ:DMND)  have all been hammered recently for earnings misses or possible accounting issues. The drops have been epic and the bearish sentiment overwhelming. When do these stocks become a buy?

First Solar is a buy between $42.50 - $43.50. However, should the stock close below $40.00, it will fall to $32.00. This solar stock is cheap but that master support must hold. An upside move could take First Solar back above the $50.00 level in the short term.

According to the charts, Green Mountain Coffee is a buy at $40.00- $41.00 range. However, should it fall below $40.00 on a closing basis, a break down would occur to the $34.00 level. An upside move could take Green Mountain into the high $50.00 range.

Diamond Foods is has major support at the $34.00 level. This is another support level at $30.00. This stock traded over $96.00 just a few months ago. It has been absolutely crushed. Any sort of technical bounce on resolution of their issues could take Diamond Foods back to the $50.00 level.

All three stocks carry a high amount of risk. However, the reward is equal or greater at their support levels mentioned above. Pay close attention to the levels and trust the charts.

Gareth Soloway
InTheMoneyStocks.com


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