NEW BULLISH Plays

EXtra Space Storage - EXR - close: 35.38 change: +0.49

Stop Loss: 34.25
Target(s): 39.50
Current Gain/Loss: unopened

Entry on November xx at $ xx.xx
Listed on November 7, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 700 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
The self-storage stocks are showing relative strength. EXR outperformed the market today with a +1.4% gain and a new closing high. If EXR can shrug off the market's widespread declines then we should give it a look. The long-term trend is up and EXR just spent about six-week consolidating sideways so it's not overbought.

I am suggesting a trigger to open bullish positions at $35.50. If triggered our multi-week target is $39.50.

Trigger @ 39.50

Suggested Position: buy EXR stock @ (trigger)

Annotated chart:



NEW BEARISH Plays

Main Street Capital - MAIN - close: 29.33 change: -0.63

Stop Loss: 30.05
Target(s): 26.50
Current Gain/Loss: unopened

Entry on November xx at $ xx.xx
Listed on November 7, 2012
Time Frame: 3 to 6 weeks
Average Daily Volume = 220 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
This is a technical trade. Shares of MAIN have formed a bearish double top pattern. Most of its oscillators are rolling over. The stock is threatening to break support near $29.00 and its 50-dma.

If shares break support I would expect a correction toward $26.50-26.00. I am suggesting a trigger to open small bearish positions at $28.90 and a target of $26.50.

NOTE: Traders will want to be aware that MAIN did just announce a bunch of dividends. There will be regular monthly dividends of 15 cents a share payable in January, February and March of 2013 plus a special 35 cent dividend payable in January. This is in addition to the next dividend payable in December 2012. I suspect that MAIN's above average dividend yield might limit any sell-off. If shares do fall toward technical support at its 200-dma it could prove to be a bullish entry point. Keep an eye on MAIN for a bounce near $26 and/or its 200-dma.

Trigger @ 28.90 *Small Positions*

Suggested Position: short MAIN stock @ (trigger)

Annotated chart: