NEW BULLISH Plays

Aetna Inc. - AET - close: 51.13 change: +0.26

Stop Loss: 49.90
Target(s): 54.85
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 30, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.0 million
New Positions: Yes, see below

Company Description

Why We Like It:
Shares of healthcare insurance stock AET are trending higher. Worries above Obamacare or recent news stories suggesting that healthcare premiums could skyrocket are not slowing down the march higher for insurance stocks.

The high on Thursday was $51.19. I am suggesting a trigger to open small bullish positions at $51.25. More conservative traders may want to consider waiting for a new multi-year high above $52.00 before initiating positions. If we are triggered at $51.25, our multi-week target is $54.85. FYI: The Point & Figure chart for AET is bullish with a $59.00 target.

Trigger @ 51.25

Suggested Position: buy AET stock @ (trigger)

Annotated chart:



NEW BEARISH Plays

W&T Offshore Inc. - WTI - close: 14.20 change: -0.45

Stop Loss: 14.65
Target(s): 12.15
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 30, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 696 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
WTI is in the oil & gas drilling and exploration industry. Most of the energy sector has been trending higher but WTI is an ugly exception. The stock delivered a terrible February performance with a plunge from $18 to $14. Now the oversold bounce has reversed and once again WTI is testing support near $14.00. You will also notice on the weekly chart that WTI is poised to break down from a huge pennant formation of lower highs and higher lows.

I am suggesting a trigger to launch bearish positions at $13.85. If triggered our initial target is $12.15. More aggressive traders could aim lower. FYI: The Point & Figure chart for WTI is bearish with a $9.50 target.

Trigger @ 13.85

Suggested Position: short WTI stock @ (trigger)

Annotated chart:

Weekly chart: