Bargain Growth Stocks (NYSE:BAC),(NYSE:F),(NYSE:GE),(NYSE:MOT)

Sometimes it is best to just keep it simple.  We decided to ferret out some large companies that are projected for growth but are sitting at some reasonably cheap prices.  And out come some big names like Bank of America Corporation (NYSE:BAC), Ford Motor Company (NYSE:F), General Electric Company (NYSE:GE) and Motorola, Inc. (NYSE:MOT).

To find these stocks, we did a simple screen of over 8,500 stocks and looked for ones that had a projected  earnings growth next year of greater than 20% to give us a list of stocks with strong earnings potential.  We then whittled that down to the cheaper ones by filtering the forward P/E to ones that were less than 20 and also companies that had a price/sales ratio less than 1.5.  This is how the companies previously mentioned stack up:

Sometimes it is better to just keep a stock screen simple rather than trying to introduce too many complexities.

The chart for Bank of America Corporation (NYSE:BAC) is currently displaying a neutral trading pattern, with support in the $15 range and resistance at slightly above $16. 

Ford Motor Company (NYSE:F) recently set a new resistance level at around $11.20 and has many support levels, with the strongest at around $10.30 which was established by the January gap up and recent pull back. This formed a double top, but that may not mean anything after the massive correction from last year.

General Electric Company (NYSE:GE) is showing its strongest resistance to price advance at about $16.80, whereas it is currently trading near some strong support of $16.00 and the next support of $15.10.

Motorola, Inc. (NYSE:MOT) has gapped down recently and it may be a good contrarian approach to pick up shares.  The stock has broken through all support levels, back to prices the stock saw back in July of 2009.  So, consider waiting for the volume to dry up and the share price to stabilize and that may be a good entry point.