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New Plays
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CHRW None
CTXS  
MSFT  
NVDA  

New Long Plays

C.H.Robinson Worldwide - CHRW - cls: 49.83 chg: +0.73 stop: 47.45

Company Description:
Founded in 1905, C.H. Robinson Worldwide, Inc., is one of the world's largest third-party providers of multimodal transportation services and logistics solutions, serving over 25,000 customers through a network of 214 offices in North America, Europe, Asia, and South America. (source: company press release or website)

Why We Like It:
The Dow Jones Transportation average has been marching higher thanks in large part to a big rally in railroads this past week. It may be the truckers that push the transports higher next week. Shares of CHRW have been consolidating under the $50.00 mark for several weeks now and the stock appears ready to breakout higher. We are suggesting a trigger to buy the stock at $50.25. By setting it at $50.25 CHRW will have to trade through resistance at $50.00 and past technical resistance at the 50-dma (near 50.20) before hitting our trigger and opening the play. If triggered at $50.25 our target is the $54.00-54.50 range. Our target might be a little too optimistic given our time frame. We do not want to hold over the April 25th earnings report.

Picked on April xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 04/25/07 (unconfirmed)
Average Daily Volume: 2.0 million

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Citrix Sys. - CTXS - cls: 33.66 chg: +0.34 stop: 32.49

Company Description:
Citrix Systems, Inc. is the global leader and the most trusted name in application delivery infrastructure. More than 180,000 organizations worldwide rely on Citrix to deliver any application to users anywhere with the best performance, highest security and lowest cost. (source: company press release or website)

Why We Like It:
Tech stocks helped lead the market higher last week. If that strength continues then the GSO software index is bound to breakout to new multi-year highs. Some sector strength may be all CTXS needs to breakout past resistance at $34.00. We are suggesting a trigger to buy CTXS at $34.10. If triggered our target is the $36.50-37.00 range. We do not want to hold over the April 25th earnings report.

Picked on April xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 04/25/07 (unconfirmed)
Average Daily Volume: 2.5 million

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Microsoft - MSFT - cls: 28.61 chg: +0.07 stop: 27.99

Company Description:
Founded in 1975, Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential. (source: company press release or website)

Why We Like It:
MSFT usually doesn't move fast enough for us to want to play it. However, occasionally it will offer an entry point and we'll jump in to see if we can catch the next leg. The software titan is due to report earnings on April 26th and shares might see some pre-announcement excitement. We are going to set our trigger to go long the stock at $28.85. More conservative traders may want to put their stop higher above $29.00 or even above the simple 100-dma since both levels might be short-term overhead resistance. Then again you need to keep in mind that we don't have a lot of time to wait for MSFT to hit our trigger. We'll use a stop loss under the recent low. Our short-term target is the $30.50-31.50 range.

Picked on April xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 04/26/07 (unconfirmed)
Average Daily Volume: 61.0 million

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NVIDIA Corp. - NVDA - cls: 30.58 chg: +0.25 stop: 27.99

Company Description:
NVIDIA Corporation is the worldwide leader in programmable graphics processor technologies. The Company creates innovative, industry-changing products for computing, consumer electronics, and mobile devices. NVIDIA is headquartered in Santa Clara, CA and has offices throughout Asia, Europe, and the Americas. (source: company press release or website)

Why We Like It:
The semiconductors have had a mixed week but we suspect that's about to change for NVDA. The stock has been consolidating sideways the past few weeks and has produced two significant bounces from support near $28.00. NVDA has bounced back above its 10-dma and 200-dma, both technical support. Plus shares have broken the bearish trend of lower highs (see chart). Chart readers will note that on Thursday NVDA produced a small bullish engulfing candlestick pattern. We are suggesting a somewhat aggressive entry point to buy the stock right here. More conservative traders may want to wait for a new relative high over $31.25 or at least wait for a rise past the 50-dma near $30.80. Our target is the $34.50-35.00 range. Beware the simple 100-dma looming overhead as potential resistance.

Picked on April 15 at $30.58
Change since picked: + 0.00
Earnings Date 04/30/07 (unconfirmed)
Average Daily Volume: 11.9 million
 

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