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New Plays
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GGG None
SWSI  

New Long Plays

Graco Inc. - GGG - close: 42.27 chg: +0.55 stop: 40.95

Company Description:
Graco Inc. supplies technology and expertise for the management of fluids in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid materials. (source: company press release or website)

Why We Like It:
The Point & Figure chart for GGG is still bearish from the July 2006 sell-off. However, the current sideways consolidation, that has lasted for four months, appears to be coming to an end. The stock broke out over short-term resistance near $42.00 on Friday and looks ready to breakout over more significant resistance near $42.50 soon. We are suggesting a trigger to buy the stock at $42.55. If triggered our target is the $45.85-46.00 range. Our time frame is about six to eight weeks.

Picked on February xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 04/30/07 (unconfirmed)
Average Daily Volume: 331 thousand

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Superior Well Serv. - SWSI - cls: 23.90 chg: +0.51 stop: 22.95

Company Description:
Superior Well Services, Inc. is an oilfield services company operating in many of the major oil and natural gas producing regions in the United States. (source: company press release or website)

Why We Like It:
Crude oil is marching higher and given the geo-political pressures right now we don't see any significant pull backs in the near future. Therefore we want to add some exposure to the oil sector. SWSI looks like a potential candidate with a bottoming pattern over the last couple of months. Friday's session saw SWSI produce an intraday breakout over resistance at its 50-dma and 200-dma before paring its gains ahead of the weekend. We want to catch any future strength. We're suggesting a trigger at $24.55 to buy the stock. Our short-term target is $26.50. More aggressive traders may want to aim higher near $28 or $30. FYI: The P&F chart is bullish with a $42 target.

Picked on February xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 05/15/07 (unconfirmed)
Average Daily Volume: 196 thousand
 

New Short Plays

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