4 Fast Moving Stocks to Watch

Conviction will drain your account faster than you could ever imagine in this trading environment. Just when the market looks to be breaking down, it will post a nearly uninterrupted three-day rally. And when a fresh breakout is confirmed and all bets are placed, it begins an unexpected move lower.

The market doesn’t care how well-laid your plans are. It will break your neck, then move on to the next victim. These are the investing perils we all face now that the European market invasion enters its fifth month.

Nevertheless, I have some interesting stocks for you to watch today:

Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR): Green Mountain has yet to catch a break since the stock began its decent in late September. The former market leader continues its streak of bad luck this morning. Shares are down more than 10% thanks to analysts piling on additional negative reports.

GMCR could see continued downside this week. But we could see a dead cat bounce before shares hit support at $40:

Bebe Stores, Inc. (NASDAQ:BEBE): Here’s one of the only small retail stocks posting new 52-week highs this week. But a word of caution for anyone who is looking to buy following new highs: breakout traders are getting burned in this market. There is very little momentum carryover from one day to the next. Wait for a test of support before entering a long position:

! First Solar Inc. (NASDAQ:FSLR): In yet another nightmare scenario, First Solar shares are seeking out new lows again this morning after lowering full-year guidance. The market is not playing nice with this stock— shares are down more than 22% on the day as I ty

Penny Promotions

[Editor’s note: In this section of Market Movers, we expose stocks that are currently the subject of promotional material. If you’re unfamiliar with promotions, pumps and dumps, or other penny stock scams, please take the time to read this column before continuing. Unless you are an experienced trader, we recommend that you avoid these stocks at any price.]

American Apparel Inc. (AMEX:APP): American Apparel has been the spam promotion of the week so far. It’s surprising to see the pumpers go after this name for a couple of reasons. First, it’s not an OTC name. And secondly, it’s a fairly well-known company.

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