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New Plays
Long Plays
Short Plays
GLW None
HON  
JASO  

New Long Plays

Corning Inc. - GLW - close: 25.14 chg: +0.52 stop: 23.45

Company Description:
Corning Incorporated is the world leader in specialty glass and ceramics. Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences. (source: company press release or website)

Why We Like It:
GLW is not going to be your get-rich-quick stock but shares have been showing plenty of relative strength. GLW is breaking out from a sideways trading range and has broken out past its trendline of lower highs. Volume came in above average on today's rally, which is another positive clue. A move past $26.00 would produce a new P&F chart buy signal. We are suggesting long positions now near $25.00 or on a dip in the $24.50-24.25 zone. We're suggesting two targets. Our first target is the $27.00 level. Our second target is the $29.00 level. We do not want to hold over the late April earnings report.

Picked on March 25 at $25.14
Change since picked: + 0.00
Earnings Date 04/24/08 (unconfirmed)
Average Daily Volume: 14.7 million

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Honeywell - HON - close: 56.00 chg: +0.99 stop: 53.45

Company Description:
Honeywell International is a $36 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. (source: company press release or website)

Why We Like It:
HON has been trading sideways in a trading range for months. However, it looks like that trading range is starting to narrow. This happens when too many traders start trying to jump in early as they play the trading range. That means they'll try and exit early too. We are suggesting long positions now near $56.00 or on a dip near $55.00. We're suggesting a stop loss under the recent low. Our target is the $59.90-60.00 zone. More aggressive traders could aim for the top of the larger range near $62.00. Keep in mind that we do not want to hold over the earnings report in about three weeks.

Picked on March 25 at $56.00
Change since picked: + 0.00
Earnings Date 04/18/08 (confirmed)
Average Daily Volume: 6.7 million

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JA Solar - JASO - close: 17.13 change: +1.03 stop: 14.85

Company Description:
Based in Hebei, China, JA Solar Holdings Co., Ltd. is an emerging and fast-growing manufacturer of high-performance solar cells. The Company sells its products to solar module manufacturers who assemble and integrate its solar cells into modules and systems that convert sunlight into electricity. (source: company press release or website)

Why We Like It:
An upgrade in one of the solar-energy stocks launched a rally for the whole group. A lot of it could have been short covering but we like the way shares are shaping up in JASO. The stock appears to have built a bottom over the last few weeks. One could even argue it has produced an inverse head-and-shoulders pattern. This should be considered an aggressive, higher-risk play because the stocks in this industry have been so volatile in the past and can see wide, intraday swings. We are suggesting bullish positions in JASO right now near $17.00 but a dip in the $16.30-16.00 zone would be much more attractive. We are playing with a wide stop loss at $14.85. We are setting two targets. Our first target is $19.95. Our second, more aggressive target is the $22.25-22.50 zone.

Picked on March 25 at $17.13
Change since picked: + 0.00
Earnings Date 05/15/08 (unconfirmed)
Average Daily Volume: 8.1 million
 

New Short Plays

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