High-Pay Stocks For Busy People

Last week was a great week in the FOREX market, but I like to reach across all markets so this week I'm looking at a few stocks that show some good potential to move. To be honest I'm not really into day trading stocks because for some reason the stock market actually believes in fundamental analysis. Don't get me wrong, I'm not saying the analysis of opinions and events isn't worth a damn, I'm just saying I prefer to trade markets where their effects aren't so dramatic.
To start this thing off I want to bring attention to a previous employer of mine which took a 26 year vacation from the public trading floors only to return with a vengeance, Citizens Financial Group (CFG) went public last week and they did so in style!! Although there isn't much technical analysis to do on this instrument its charts still tell a good story and show signs of healthy growth in its future. Below is a 5min chart which shows us the Royal Bank Of Scotland (RBS) owned Retail bank took off from its Initial Public Offering (IPO) price ($21.50) and has't turned back since. I'm looking to get into this value priced stock before the price becomes too pricey!

Next up we have Alibaba (BABA) which has surprised US investors by taking a turn to the downside after a decent IPO. The Price has been suppressed and congested since its heavy decline the day after its IPO. But to be fair the stock is showing some interesting behavior on its 15min chart which has just now become useful because of the instruments infancy. From the chart we can see an obvious wedge which favors the upside, only because the recent lows have been getting higher and highs are testing intra-day resistance levels. A break above the upper boundaries sends us to test its opening price and in case of a break below lower boundaries we will see a test of the all-time low at $86.62.

Now I've talked about MCIG before when I wrote about which Weed Stocks were worth looking into. We see from the daily chart of this company's stock that it has suffered from some serious distribution which has taken its price below its long standing support of .2604. We now see the stock attempting to rebound but it looks like this is only a play towards the old support which will most likely be turned to resistance. I would buy this pair until a true floor has been designed on a daily chart. For now a sell from the aforementioned resistance will do.

Now not too long ago someone on StockTwits (@joekidd) called me out on my Citigroup (C) prediction. I saw a short opportunity and this guy didn't think it could be true but today I want everyone to observe a false breakout which is one of my favorite events to take place because I usually walk away with such easy money. This stock has done a typical run up out of its range only to collapse back down into it and then move towards its bottom end nearly touching my profit target at $51.10. If you want to play the game the right way, buy at the bottom of this range...trust the lord of trading. Don't be like the kid joe.

AMAG has completely disrespected my initial set-up so now I say, buy it. The 60min chart shows us that this stock clearly has some supporters and they wanted the price completely out of its range and today it gaped up over $3 higher than its close on Friday $23.08. Jump in at the previous high $24.87 which should turn to support.

So if you're looking for some stock you can earn from without having to babysit your account all day than I would consider all of these stocks. They aren't too expensive and the offer enough volatility to make money quickly but not too much volatility that its impossible to set and forget which is always the goal.