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New Plays
Long Plays
Short Plays
DLR None
LOJN  
NDSN  

New Long Plays

Digital Realty - DLR - close: 28.04 chg: +1.14 stop: 25.99

Company Description:
Digital Realty Trust, Inc. owns, acquires, repositions and manages technology-related real estate. The Company's 45 properties contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise data center tenants. Comprising approximately 8.1 million net rentable square feet, excluding 1.2 million square feet of space held for redevelopment, Digital Realty Trust's property portfolio is located throughout the United States and Western Europe. (source: company press release or website)

Why We Like It:
We are going to try again with the REITs. The sector has rebounded strongly in the last couple of days. Shares of DLR definitely turned in a strong session today. The stock had been consolidating sideways between $26 and $27 with rising technical support at the 50-dma near $26.00. The stock soared today with a breakout over the $27 level on big volume. The daily chart's MACD indicator has produced a new buy signal. We are suggesting longs over $27.00 with a target in the $29.75-30.00 range. The stock closed near its highs for the session today and that's bullish for tomorrow's open but more patient traders might want to wait for a dip back toward $27.00, which should be support. We do not want to hold over the early May earnings report.

Picked on March 29 at $28.04
Change since picked: + 0.00
Earnings Date 05/06/06 (unconfirmed)
Average Daily Volume: 180 thousand

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LoJack Corp. - LOJN - close: 23.62 chg: +1.82 stop: 21.59

Company Description:
LoJack Corporation, the premier worldwide marketer of wireless tracking and recovery systems for valuable mobile assets, is the undisputed leader in global stolen vehicle recovery. Its Stolen Vehicle Recovery System delivers a better than 90% success rate and has helped recover more than $3 billion in global stolen assets. The system is uniquely integrated into law enforcement agencies in the United States that use LoJack's in-vehicle tracking equipment to recover stolen assets, including cars, trucks, commercial vehicles, construction equipment and motorcycles. LoJack operates in 25 states and the District of Columbia, representing areas of the country with the greatest population density, and highest number of new vehicle sales and incidence of vehicle theft. In addition, LoJack technology is utilized by law enforcement and security organizations in more than 25 countries throughout Europe, Africa and Latin America. Boomerang Tracking, Inc., the dominant marketer of stolen vehicle recovery technology in Canada operates as a wholly owned subsidiary of LoJack Corporation. (source: company press release or website)

Why We Like It:
LOJN's rally today got a little help from Standard & Poor's. Yesterday S&P announced that LOJN would replace Intrado (TRDO) in the Smallcap 600 index after the close of trading on April 4th. All of the funds that track the performance of the S&P small cap index will need to buy shares of LOJN. Today the stock gapped higher and rally to an 8.3% gain. Normally we would not want to chase a move this big but the stock has broken out above its four-month trendline of resistance and above technical resistance at its 50-dma. Volume on today's move was about three times the norm. We are going to suggest a target in the $26.25-26.50 range. We do not want to hold over the early May earnings report.

Picked on March 29 at $23.62
Change since picked: + 0.00
Earnings Date 05/03/06 (unconfirmed)
Average Daily Volume: 262 thousand

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Nordson Corp. - NDSN - close: 49.25 change: +1.27 stop: 46.74

Company Description:
Nordson Corporation is one of the world's leading producers of precision dispensing equipment that applies adhesives, sealants and coatings to a broad range of consumer and industrial products during manufacturing operations. The company also manufactures technology-based systems for curing and surface treatment processes. Headquartered in Westlake, Ohio, Nordson has 3,600 employees worldwide, and direct operations and sales support offices in 30 countries. (source: company press release or website)

Why We Like It:
NDSN has a steady bullish trend and the stock is just now beginning to bounce again from the bottom of its rising channel. Today's 2.6% gain also represents a bullish breakout from its recent sideways consolidation. Volume came in above average on the move, which is bullish. We are going to suggest longs here over $49.00. More conservative traders may want to wait for a move over $50.00 before initiating positions. We are going to target a rally into the $53.00-53.50 range. We do not want to hold over the late May earnings report.

Picked on March 29 at $49.25
Change since picked: + 0.00
Earnings Date 05/29/06 (unconfirmed)
Average Daily Volume: 161 thousand
 

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