NEW BULLISH Plays

Jarden Corp. - JAH - close: 45.33 change: +1.29

Stop Loss: 43.35
Target(s): 49.00
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
JAH makes a wide number of consumer goods. The company's recent earnings report came in better than expected. The stock has been coiling sideways under resistance at the $45.00 level for almost three weeks. The old all-time high was near $45 back in 2007.

Today's bullish breakout over resistance looks like a new entry point. Today's high was $45.45. We'll use a trigger at $45.55 to launch positions. Nimble traders could choose to try and buy a dip near $45.00 instead. Our multi-week target is $49.00 .

Trigger @ 45.55

Suggested Position: buy JAH stock @ (trigger)

Annotated chart:

Entry on July xx at $ xx.xx
Earnings Date 07/24/12
Average Daily Volume = 652 thousand
Listed on July 26, 2011


NEW BEARISH Plays

EZCORP, Inc. - EZPW - close: 22.11 change: -0.68

Stop Loss: 23.10
Target(s): 20.05
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Company Description

Why We Like It:
You might think that with the U.S. economy struggling and unemployment still elevated that pawnshops would be doing strong business. Instead EZPW is struggling to meet its numbers. The company recently reported earnings and missed both the top and bottom line estimate. Furthermore management lowered their earnings guidance for 2012.

Now the stock is sitting on support at the $22.00 level. The June low was $21.91. I am suggesting a trigger to launch bearish positions at $21.80. Conservative traders can target a drop to $20.00. More aggressive traders could aim for the $18.00 level. The newsletter will plan on exiting at $20.05. FYI: The Point & Figure chart for EZPW is bearish with a long-term $10 target.

Trigger @ 21.80

Suggested Position: short EZPW stock @ (trigger)

- or -

buy the Sep $20 PUT (EZPW1222U20) current ask $0.55

Annotated chart:

Entry on July xx at $ xx.xx
Earnings Date 07/24/12
Average Daily Volume = 381 thousand
Listed on July 26, 2011