NEW BULLISH Plays

Garmind Ltd. - GRMN - close: 36.12 change: +0.79

Stop Loss: 34.95
Target(s): 39.50
Current Gain/Loss: unopened

Entry on May -- at $--.--
Listed on May 11, 2013
Time Frame: 4 to 6 weeks
Average Daily Volume = 1.0 million
New Positions: Yes, see below

Company Description

Why We Like It:
GRMN makes global positioning systems (GPS) and navigation products. Investors have been worried about the business for years due to GRMN losing market share to smart phones and other gadgets that come with GPS navigation systems. Back in February the stock gapped down after management issued an earnings warning. GRMN found a bottom near $32.50 a share. Its recent earnings report in early May came in better than expected and margins are improving. That news could be fueling some short interest. The most recent data listed short interest at almost 10% of the float.

Currently GRMN is hovering just above resistance at the $36.00 level. Any further gains could spark more short covering. Please note that I do consider this an aggressive, higher-risk trade. GRMN can be a very volatile stock. The longer-term trend is down with a pattern of lower highs. We're going against the grain in this stock.

I am suggesting very small bullish positions if GRMN can trade at $36.25 or higher. Our exit target is $39.50.

NOTE: GRMN does have options available for the more aggressive trader.

Trigger @ 36.25 *very small positions*

Suggested Position: buy GRMN stock @ (trigger)

Annotated chart:



Prologis, Inc. - PLD - close: 43.32 change: +0.41

Stop Loss: 42.25
Target(s): 47.50
Current Gain/Loss: unopened

Entry on May -- at $--.--
Listed on May 11, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.4 million
New Positions: Yes, see below

Company Description

Why We Like It:
PLD is a REIT stock. Traders have continued to buy the dip and now shares are trading at new four-year highs. I would consider this a simple momentum trade. Looking at the long-term chart there could be some resistance near $45.00 but it looks like PLD could make it to $50 if we're patient.

Friday's high was $43.33. I am suggesting a trigger to launch small bullish positions at $43.55. If triggered our multi-week target is $47.50.

Trigger @ 43.55 *small positions*

Suggested Position: buy PLD stock @ (trigger)

Annotated chart: