NEW BULLISH Plays
ValueClick, Inc. - VCLK - close: 18.09 change: +0.42
Stop Loss: 17.45
Current Gain/Loss: unopened
Entry on November xx at $ xx.xx
Listed on November 19, 2012
Time Frame: 4 to 6 weeks
Average Daily Volume = 666 thousand
New Positions: Yes, see below
Why We Like It:
VCLK is an online marketing company. After months of wallowing under resistance near its 200-dma and the $18.00 level shares are starting to breakout higher. Today's rally is a bullish breakout past technical resistance at the 200-dma and it also breaks the short-term trend of lower highs.
I'd like to see some confirmation. I am suggesting a trigger to open bullish positions at $18.20. If triggered our multi-week target is $20.75. However, I will point out that VCLK could see potential resistance at $19.50 and the $20.00 mark. I would keep our position size small. VCLK has been volatile in the past.
Trigger @ 18.20
Suggested Position: buy VCLK stock @ (trigger)