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New Plays
Long Plays
Short Plays
DD None
NTDOY  

Play Editor's Note: We are still keeping an eye on SPF. Today's move in SPF looks bullish but stop loss placement is going to be a challenge. Bear in mind that SPF is a huge short squeeze candidate with short interest near 63% of the float. Right now we'd be watching for a dip in the $5.20-5.00 zone as a potential entry point.


New Long Plays

DuPont - DD - close: 48.84 chg: +1.09 stop: 45.95

Company Description:
DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation. (source: company press release or website)

Why We Like It:
I mentioned DD as a bullish candidate in my Play Editor's note last night. Today's rally past the $48.00 level is a bullish breakout over significant resistance and a clear buy signal for the stock. Volume has been improving on the rally and shares have now cleared technical resistance at its 200-dma as well. The P&F chart is bullish with a $63 target and a move over $49.00 will reinforce this with a new triple-top buy signal. We are suggesting positions now but would prefer to buy a dip near $48.00, which should now be support. There might be a little resistance near $50.50 but our target is the $52.50-54.00 zone. We don't want to hold over the late April earnings report.

Picked on April 02 at $48.84
Change since picked: + 0.00
Earnings Date 04/22/08 (unconfirmed)
Average Daily Volume: 7.2 million

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Nintendo Co - NTDOY - close: 66.75 chg: -0.34 stop: 63.95

Company Description:
Japan-based Nintendo is a video game producer responsible for revolutionizing the video game industry.

Why We Like It:
Shares of NTDOY have been trading under resistance at its 100-dma but with a bullish pattern of higher lows. The stock looks poised to breakout higher. We are suggesting that readers buy NTDOY at $68.01. If triggered our target is the $74.00-75.00 zone. Keep in mind that NTDOY is traded as an ADR here in the United States and shares will gap open up or down every day as they adjust to trading overseas. FYI: Some quote services might ask you to use the symbol NTDOY.PK to pull up data on NTDOY.

Picked on April xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 00/00/08 (unconfirmed)
Average Daily Volume: 312 thousand
 

New Short Plays

None today.
 

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