NEW BULLISH Plays

LogMeln - LOGM - close: 45.33 change: +1.07

Stop Loss: 43.60
Target(s): 49.85
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 15, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 490 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
LOGM is in the technology sector. The company provides cloud-based application software. The stock shot higher in mid February following a better than expected earnings report. LOGM beat Wall Street's estimates on both the top and bottom line and raised their Q1 guidance.

The last few days have seen the rally stall. LOGM has been consolidating sideways in the $44-46 zone. You'll note that the stock was showing relative strength on Friday with a +2.4% gain. This could be signaling a bullish breakout soon.

I am suggesting small bullish positions if LOGM can trade at $46.15 (a new multi-year high). We want to keep our position size small to limit our risk since LOGM does have potential resistance in the $47-48 zone dating back to 2010.

If triggered at $46.15 our short-term target is $49.85. More aggressive investors may want to aim higher since the Point & Figure chart for LOGM is bullish with a $68.50 target.

Trigger @ $46.15 *small positions*

Suggested Position: buy LOGM stock @ (trigger)

Annotated chart:



NEW BEARISH Plays

CH Robinson Worldwide Inc. - CHRW - close: 51.14 change: -0.94

Stop Loss: 52.35
Target(s): 45.00
Current Gain/Loss: unopened

Entry on March -- at $--.--
Listed on March 15, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 1.6 million
New Positions: Yes, see below

Company Description

Why We Like It:
CHRW is in the services sector. The company is one of the world's largest third-party logistics providers with access to trucking, railroad, air freight, and shipping carriers.

The stock gapped down in early February following a disappointing earnings report. Wall Street was expecting a profit of 68 cents a share on revenues of $3.26 billion. CHRW only delivered 62 cents with revenues of $3.15 billion. The stock plunged to new 52-week lows. Since then the attempt at a bounce has failed and CHRW is sinking toward what should be significant support at $50.00.

A breakdown below $50.00 would be very ugly for the stock. We are suggesting a trigger to launch bearish positions at $49.75. If triggered our initial target is $45.00.

Trigger @ 49.75

Suggested Position: short CHRW stock @ (trigger)

- (or for more adventurous traders, try this option) -

Buy the Apr $50 PUT (CHRW1419P50) current ask $0.85

Annotated chart:

Weekly chart: