Top Day Trader Alerts (ALL, MO, AIG, AXL, DSCO, GRMN)

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By Douglas A. McIntyre Updated Published
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These are this Friday’s top day trader alert stocks.  We have more color and more detail on price and volume analysis linked through to each at VSInvestor.com:

AllState Corp. (NYSE: ALL) is holding up better than we would have expected considering a Goldman Sachs downgrade to Sell.

Altria Group Inc. (NYSE: MO) had unbelievable options trading yesterday, although it appears to be a dividend capture trade… over 1 million SEPT-2009 contracts were traded yesterday on that basis.

American International Group, Inc. (NYSE: AIG) is holding up rather well considering the downgrade.  We have color on price channels and trading patterns on this one because of how sketchy this stock is.

American Axle (NYSE: AXL) is soaring by 17% on an upgrade, a rather tall task for a research call.

Discovery Laboratories Inc. (NASDAQ: DSCO) is up about 50% on an FDA review date.

Garmin Ltd. (NASDAQ: GRMN) may not be anywhere close to the old highs, but an analyst upgrade is helping it get close to challenging 52-week highs.

You can join our open email distribution list which goes out several times per week for top day trader alerts, top analyst upgrades and downgrades, IPO’s, key secondary offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG
SEPTEMBER 11, 2009

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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