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New Plays
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MOO None

Play Editor's note: I still think HIT looks like a short here and the bounce today is a much better entry point. Unfortunately, the only source I could find that had any info on an earnings date said HIT should report on May 13th. I would not be short the stock over earnings.

New Long Plays

Agribusiness ETF - MOO - close: 61.79 chg: +0.69 stop: 59.49

Company Description:
The MOO is the Market Vectors ETF trust based on the DAXglobal Agribusiness index.

Why We Like It:
The fertilizer stocks and many of the agriculture-related stocks are bouncing. The group looks poised to challenge their recent highs. Traders bought the dip in the MOO today. We're suggesting readers buy the MOO now or on a rise above $62.15. We have two targets. Our first target is the $65.50 level near its old highs. Our second target is the $68.00-70.00 range.

Picked on May 08 at $61.79
Change since picked: + 0.00
Earnings Date 00/00/00
Average Daily Volume: 1.2 million

New Short Plays

None today.

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