NEW BULLISH Plays

EZchip Semiconductor - EZCH - close: 37.92 change: +0.63

Stop Loss: 36.40
Target(s): 44.00
Current Gain/Loss: unopened

Entry on November xx at $ xx.xx
Listed on November 26, 2012
Time Frame: 6 to 12 weeks
Average Daily Volume = 414 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
EZCH is a semiconductor stock that has been showing relative strength since its earnings report on Nov. 8th. The stock has been pushing its way through multiple layers of technical resistance. Now EZCH is poised to breakout past resistance near $38.00.

The early November high was $38.27. I am suggesting a trigger to open bullish positions at $38.35. If triggered our multi-week target is $44.00. I would expect a pullback on the first test of potential resistance at $40.00.

Trigger @ 38.35

Suggested Position: buy EZCH stock @ (trigger)

Annotated chart:



NEW BEARISH Plays

Chesapeake Granite Wash Trust - CHKR - close: 18.21 change: -0.80

Stop Loss: 18.75
Target(s): 16.40
Current Gain/Loss: unopened

Entry on November xx at $ xx.xx
Listed on November 26, 2012
Time Frame: 6 to 8 weeks
Average Daily Volume = 226 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
CHKR is a high-dividend paying trust. Shares began trading ex-dividend for the most recent payout on Nov. 15th. Since then the oversold bounce has stalled at resistance and now CHKR is rolling over again.

The current trend of lower highs and lower lows would suggest CHKR is poised to new hit new lows. I am suggesting a trigger to open small bearish positions at $17.90. Our initial target is $16.40 but we might reconsider and aim lower.

Trigger @ 17.90 *Small Positions*

Suggested Position: short CHKR stock @ (trigger)

Annotated chart: