Editor's Note:

The stock market delivered another week of gains. Several of our candidates produced big moves. We are updating several stop losses on these stocks: C, CVX, MSI, MTW, SBUX, and SCHW. Readers may want to think about taking profits in some of our positions now.


Closed Plays



None. No closed plays this week.



Play Updates


Analog Devices - ADI - close: 46.05

Comments:
03/09/13: ADI rallied Tuesday and Wednesday and spent the remainder of the week chopping sideways. Technically Thursday's session created a bearish engulfing candlestick reversal pattern but there has not been any confirmation yet.

The stock is lagging behind its peers in the semiconductor sector with the SOX index breaking out to new relative highs. There seems to be short-term resistance near $46.25. I am not suggesting new positions at this time.

- Suggested Positions -
JAN 03, 2013 - entry price on ADI @ 43.60, option @ 3.10
symbol: ADI1418a45 2014 JAN $45 call - current bid/ask $ 3.70/3.90

02/09/13 new stop loss @ 41.90
adjust exit target to $49.00

Current Target:$ 49.00
Current Stop loss: 41.90
Play Entered on: 01/03/13
Originally listed on the Watch List: 12/22/12


American Intl. Group - AIG - close: 39.58

Comments:
03/09/13: It was a bullish week for the financial sector. AIG rallied toward round-number resistance near the $40.00 level. Currently we are aiming for $42.50 but we may want to adjust our exit target higher, possibly the $44.00 level. I am not suggesting new positions at this time.

More conservative investors might want to adjust their stop closer to the $36.00 area.

Earlier Comments:
Our plan was to keep our initial position size small to limit our risk. We will plan on exiting our 2014 calls when shares hit $42.50.

- Suggested Positions - (small positions @ first)
(closed on Dec. 24th)
May 18, 2012 - entry price on AIG @ 28.25, option @ 3.40
symbol: AIG1319A30 2013 JAN $30 call - exit @ $5.00 (+47.0%)

- or -

May 18, 2012 - entry price on AIG @ 28.25, option @ 4.20
symbol: AIG1418A35 2014 JAN $35 call - current bid/ask $ 6.60/ 6.75

02/02/13 new stop loss @ 34.40
01/26/13 new stop loss at $32.75
12/24/12 closed our 2013 call position at the open.
Our exit was at $5.00 (+47.0%)
12/22/12 Exit the 2013 calls immediately on Monday morning
current bid is at $4.80
..for prior updates, check older newsletters

Current Target:$ 2013 call: $37.00, 2014 calls: $42.50
Current Stop loss: 34.40
Play Entered on: 05/18/12
Originally listed on the Watch List: 04/07/12


Citigroup - C - close: 46.68

Comments:
03/09/13: It was a very bullish week for Citigroup. Shares surged +10% with a five-day rally. The stock has broken out to new 52-week highs. C is arguably short-term overbought here so don't be surprised to see a dip.

Please note that we are adjusting our exit target to $49.00. I am also adjusting our stop loss to $39.75. I am not suggesting new positions.

- Suggested Positions - (small positions)
DEC 18, 2012 - entry price on C @ 39.21, option @ 3.02
symbol: C1418a45 2014 JAN $45 call - current bid/ask $ 5.60/ 5.70

03/09/13 new stop loss @ 39.75, adjust target to $49.00
01/05/13 new stop loss @ 37.35

Current Target:$ 49.00
Current Stop loss: 39.75
Play Entered on: 12/18/12
Originally listed on the Watch List: 12/08/12


Colgate-Palmolive - CL - close: 115.74

Comments:
03/09/13: It was another up week for shares of CL. The big news for Colgate was the company raising its cash dividend by +10% and announcing a 2-for-1 stock split. The stock split announcement hit on Thursday morning and shares gapped open higher but quickly pared its gains. CL will begin trading split adjusted on May 16th.

If you look at CL's intraday chart you'll notice that the stock has been struggling with resistance near the $116.00 mark. Momentum oscillators are looking top heavy. It might be time for a pullback. I am not suggesting new positions at this time.

- Suggested Positions - (small positions)
FEB 20, 2013 - entry price on CL @ 112.00, option @ 4.20
symbol: CL1418a115 2014 JAN $115 call - current bid/ask $ 5.85/ 6.10

Current Target:$ 124.50
Current Stop loss: 106.75
Play Entered on: 02/20/13
Originally listed on the Watch List: 02/16/13


Chevron Corp. - CVX - close: 118.57

Comments:
03/09/13: CVX rose every day last week although Friday's gain was so small (one cent) that shares were virtually unchanged. CVX managed to hit new all-time highs, surpassing its 2012 peak but momentum slowed once the stock moved into the $118-119 zone. I suspect the $120 level might be round-number resistance. We will raise our stop loss to $109.50. More conservative investors might want to adjust their stops toward the late February lows near $113.50ish instead.

- Suggested Positions -
JAN 14, 2013 - entry price on CVX @ 111.38, option @ 3.40
symbol: CVX1418a120 2014 JAN $120 call - current bid/ask $ 5.55/5.70

03/09/13 new stop loss @ 109.50
02/02/13 do not be surprised to see a pullback now that earnings have been announced.

Current Target:$124.50
Current Stop loss: 109.50
Play Entered on: 01/14/13
Originally listed on the Watch List: 12/22/12


Dollar Tree, Inc. - DLTR - close: 45.03

Comments:
03/09/13: Not surprisingly shares of DLTR are seeing some profit taking. The stock was short-term overbought following the late February surge. This past week saw the rally lose steam. There is a chance DLTR might try and fill the gap, which would mean a dip back toward the $42.00 area. I am not suggesting new positions at this time.

- Suggested Positions -
FEB 28, 2013 - entry price on DLTR @ 45.25, option @ 4.76
symbol:DLTR1418a45 2014 JAN $45 call - current bid/ask $ 4.40/4.60

02/28/13 trade opened following gap higher, above our trigger

Current Target: $53.50
Current Stop loss: 39.50
Play Entered on: 02/28/13
Originally listed on the Watch List: 02/23/13


Expedia Inc. - EXPE - close: 64.72

Comments:
03/09/13: It was a bumpy week for EXPE. Early gains faded midweek but traders bought the dip on Friday. If you were looking for a new bullish entry point then Friday's afternoon bounce could definitely work for you.

Earlier Comments:
I would consider this a more aggressive, higher-risk trade because EXPE can be so volatile. We will want to keep our position size small to limit our risk.

- Suggested Positions -
NOV 29, 2012 - entry price on EXPE @ 61.84, option @ 6.00
symbol: EXPE1418a74.48 '14 JAN $74.48 call - current bid/ask $4.70/4.90

02/23/13 new stop loss @ 59.25
01/05/13 new stop loss @ 57.40
12/13/12 EXPE began trading ex-dividend (52cents). The option strike on our 2014 calls moved from $75.00 to $74.48.

Current Target: $79.00
Current Stop loss: 59.25
Play Entered on: 11/29/12
Originally listed on the Watch List: 11/24/12


General Electric - GE - close: 23.77

Comments:
03/09/13: GE rallied to new four-year highs. Yet shares spent the last three days stuck inside the $23.65-23.85 range. If the market sees any profit taking I would expect GE to retest the $23 level. If the market actually sees a correction then GE could dip toward $22.00. Our option has already doubled so more conservative investors might want to take some money off the table. I am not suggesting new positions.

- Suggested Positions -
NOV 14, 2012 - entry price on GE @ 20.25, option @ 0.42
symbol: GE1418a25 2014 JAN $25 call - current bid/ask $0.91/0.92

03/09/13 our 2014 Jan $25 call option has doubled. Readers might want to consider taking some money off the table.
02/16/13 new stop loss @ 21.40
02/02/13 new stop loss @ 20.40
12/14/12 GE increased its dividend to 19 cents
11/24/12 new stop loss @ 19.75
11/14/12 triggered at $20.25
11/10/12 adjust the trigger down to $20.25, just above the 200-dma, stop to $19.25
10/27/12 move the buy-the-dip trigger down to $20.50
10/20/12 adjust the buy-the-dip trigger to $21.00 and our stop to $19.45

Current Target: $27.50
Current Stop loss: 21.40
Play Entered on: 11/14/12
Originally listed on the Watch List: 09/22/12


Juniper Networks - JNPR - close: 20.69

Comments:
03/09/13: It was a volatile week for JNPR. Thursday saw shares rebound sharply as the market reacted to a bullish earnings report from rival Ciena (CIEN). Unfortunately for JNPR these gains faded on Friday with a -2% pullback. I suspected that JNPR might bounce from the $20.00 level but Friday's relative weakness is troubling. More conservative traders may want to scale back their positions or exit early. I am not suggesting new positions at this time. Right now JNPR has a four-week bearish trend of lower highs and lower lows.

- Suggested Positions -
DEC 19, 2012 - entry price on JNPR @ 20.39, option @ 1.84
symbol: JNPR1418a25 2014 JAN $25 call - current bid/ask $1.21/1.25

02/09/13 JNPR is showing relative weakness
01/26/13 new stop loss @ 19.45

Current Target: $24.75
Current Stop loss: 19.45
Play Entered on: 12/19/12
Originally listed on the Watch List: 12/15/12


The Coca-Cola Company - KO - close: 39.22

Comments:
03/09/13: KO slowly drifted higher all week. By Friday's closing bell the stock added about half a point from the prior Friday. KO also closed at new multi-month highs. I am not suggesting new positions at this time.

Earlier Comments:
KO's next quarterly dividend is payable on April 1st, 2013 to shareholders on record as of March 15th.

- Suggested Positions -
FEB 12, 2013 - entry price on KO @ 38.05, option @ 1.01
symbol: KO1418a40 2014 JAN $40 call - current bid/ask $1.40/1.43

- or -

FEB 12, 2013 - entry price on KO @ 38.05, option @ 1.75
symbol: KO1517a40 2015 JAN $40 call - current bid/ask $2.44/2.50

Current Target: $44.00
Current Stop loss: 36.40
Play Entered on: 02/12/13
Originally listed on the Watch List: 02/09/13


Motorola Solutions - MSI - close: 62.75

Comments:
03/09/13: MSI is now up six weeks in a row and up nine out of the last ten weeks. The stock is only $1.25 from our exit target of $64.00 and more conservative investors may want to take profits now. I am not suggesting new positions at this time.

Please note our new stop loss at $59.75.

- Suggested Positions -
NOV 26, 2012 - entry price on MSI @ 54.11, option @ 2.93
symbol: MSI1418a60 2014 JAN $60 call - current bid/ask $ 5.70/ 5.80

03/09/13 new stop loss @ 59.75
02/16/13 new stop loss @ 57.25, adjust exit to $64.00
02/09/13 new stop loss @ 55.75
01/19/13 new stop loss @ 54.75
01/12/13 new stop loss @ 53.75

Current Target:$64.00
Current Stop loss: 59.75
Play Entered on: 11/26/12
Originally listed on the Watch List: 11/17/12


The Manitowoc Co - MTW - close: 19.72

Comments:
03/09/13: MTW is showing relative strength. The stock rallied +8.7% for the week. Now shares are nearing prior resistance at the $20.00 mark. A breakout here could definitely spark more gains. A failure here and it could start to look like a bearish double top pattern. More conservative investors might want to adjust their stops closer to the $17.50 area. I am moving our stop to $16.85. Our option is up +74%. Readers could choose to exit early now.

- Suggested Positions -
JAN 24, 2013 - entry price on MTW @ 17.10, option @ 1.55
symbol: MTW1418a20 2014 JAN $20 call - current bid/ask $ 2.70/ 2.85

03/09/13 new stop loss @ 16.85
02/16/13 new stop loss @ 16.30

Current Target:$21.50
Current Stop loss: 16.85
Play Entered on: 01/24/13
Originally listed on the Watch List: 01/19/13


Starbucks Corp. - SBUX - close: 58.67

Comments:
03/09/13: Wow! It was a strong week for SBUX. The stock rallied almost four points and broke out to new multi-month highs. Multiple analysts issued bullish comments on SBUX helping give shares a boost. Now SBUX looks short-term overbought and nearing what is probably round-number resistance at the $60.00 level. I would not be surprised in the least to see SBUX pullback soon.

Please note our new stop loss at $52.75.

- Suggested Positions -
DEC 07, 2012 - entry price on SBUX @ 53.43, option @ 3.80
symbol:SBUX1418a60 2014 JAN $60 call - current bid/ask $ 4.45/ 4.55

03/09/13 new stop loss @ 52.75
01/05/13 new stop loss @ 49.85

Current Target:$ 62.00
Current Stop loss: 52.75
Play Entered on: 12/07/12
Originally listed on the Watch List: 12/02/12


The Charles Schwab Corp. - SCHW - close: 17.66

Comments:
03/09/13: A bullish week for the financial sector helped shares of SCHW surge to a +7.6% on the week. The stock has broken out to new 52-week highs. It's also nearing what could be resistance at the $18.00 mark. Do not be surprised to see a correction back toward the $17.00 area. Our 2014 Jan $17 call option has more than doubled in value. More conservative investors might want to take profits right now. I am adjusting our stop loss to $15.90.

Earlier Comments:
Our long-term target is $18.75. More aggressive traders can aim higher. The Point & Figure chart is bullish with a $24 target.

- Suggested *SMALL* Positions -
JAN 23, 2013 - entry price on SCHW @ 15.74, option @ 0.80
symbol:SCHW1418a17 2014 JAN $17 call - current bid/ask $ 1.80/ 2.00

03/09/13 new stop loss @ 15.90, our call option has more than doubled and readers may want to take profits now.
02/23/13 new stop loss @ $15.20
02/19/13 sold half at the open: option bid @ $1.25 (+56.2%)
02/16/13 prepare to sell half of our position on Tuesday morning, Feb. 19th at the opening bell
02/09/13 investors may want to consider exiting now to book a profit and then jump back in on a correction.

Current Target: $18.75
Current Stop loss: 15.90
Play Entered on: 01/23/13
Originally listed on the Watch List: 01/19/13


Urban Outfitters - URBN - close: 41.31

Comments:
03/09/13: URBN churned sideways in a choppy fashion but managed to post a half point gain by Friday's close. The stock looks ready to rally past short-term resistance near $42.00. The stock's direction this week is going to depend on URBN's earnings. Please note that URBN is scheduled to report earnings on March 11th. That's Monday! The results are due out right at the closing bell. More conservative traders may want to raise their stop loss or even consider hedging their positions by purchasing short-term put options. URBN could gap open on Tuesday morning up or down in reaction to the earnings news.

I am not suggesting new positions.

- Suggested Positions -
JAN 03, 2013 - entry price on URBN @ 41.22, option @ 4.20
symbol:URBN1418a45 2014 JAN $45 call - current bid/ask $ 3.40/3.60

03/09/13 Get ready for earnings. URBN is scheduled to report earnings on March 11th.
02/23/13 readers may want to consider scaling back positions or exiting early now.
02/07/13 URBN pre-warning better than expected sales numbers

Current Target: $48.00
Current Stop loss: 37.85
Play Entered on: 01/03/13
Originally listed on the Watch List: 12/15/12


Wal-Mart Stores - WMT - close: 73.03

Comments:
03/09/13: WMT delivered strong gains on Monday and Tuesday last week. This stock was on our watch list and the plan was to wait for shares to close above $73.00 and then buy calls the next day. The stock closed at $73.25 on Monday and opened at $73.47 on Tuesday morning (our entry point). Since then WMT has began to see a little profit taking. Broken resistance near $72.00 should be new short-term support. A dip near $72.00 could be a new entry point to buy calls on WMT.

- Suggested Positions -
MAR 05, 2013 - entry price on WMT @ 73.47, option @ 3.10
symbol: WMT1418a75 2014 JAN $75 call - current bid/ask $ 2.66/2.71

- or -

MAR 05, 2013 - entry price on WMT @ 73.47, option @ 2.97
symbol: WMT1517a80 2015 JAN $80 call - current bid/ask $ 2.69/2.82

Chart of WMT:

Current Target: $85.00-90.00 range
Current Stop loss: 67.25
Play Entered on: 03/05/13
Originally listed on the Watch List: 02/02/13