NEW BULLISH Plays

Celldex Therapeutics - CLDX - close: 21.08 change: +0.39

Stop Loss: 20.45
Target(s): 24.85
Current Gain/Loss: unopened

Entry on July -- at $--.--
Listed on July 20, 2013
Time Frame: exit PRIOR to earnings in early August
Average Daily Volume = 2.6 million
New Positions: Yes, see below

Company Description

Why We Like It:
It's already been a great year for this biotech stock. CLDX surged from $14 at the late June low to almost $22 in early July. Shares have spent the last two weeks digesting gains and consolidating sideways. The stock looks like it's coiling for the next breakout higher.

I am suggesting a trigger to open small bullish positions at $22.15. More aggressive traders might want to consider a trigger to open positions above Friday's high at $21.61 instead. If CLDX hits the newsletter's trigger at $22.15 our target is $24.85. However, we will plan to exit prior to the company's earnings report in mid August.

Trigger @ 22.15 *small positions*

Suggested Position: buy CLDX stock @ (trigger)

Annotated chart:



Santarus, Inc. - SNTS - close: 25.06 change: +0.61

Stop Loss: 23.95
Target(s): 28.50
Current Gain/Loss: unopened

Entry on July -- at $--.--
Listed on July 20, 2013
Time Frame: exit PRIOR to earnings in early August
Average Daily Volume = 1.4 million
New Positions: Yes, see below

Company Description

Why We Like It:
SNTS is a biotech firm that is seeing a lot of momentum this year. The stock spent about six weeks consolidating gains from mid-May through early July. Then SNTS exploded higher again. Now after a brief four-day pullback it looks like traders are buying the dip again.

Friday's high was $25.09. I am suggesting a trigger to open bullish positions at $25.20. We'll start with a stop loss at $23.95. Our target is $28.50 but we will plan on exiting positions prior to the company's earnings report in early to mid August (no date yet).
FYI: The Point & Figure chart for SNTS is bullish with a long-term $36.00 target.

Trigger @ 25.20

Suggested Position: buy SNTS stock @ (trigger)

Annotated chart: