NEW BULLISH Plays

Trina Solar Limited - TSL - close: 12.99 change: +0.37

Stop Loss: 12.40
Target(s): to be determined
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 08, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 5.2 million
New Positions: Yes, see below

Company Description

Why We Like It:
TSL is in the technology sector. The company specializes in the manufacture of crystalline silicon photovoltaic modules and system integration. Trina Solar is not only a pioneer of China's PV industry, but has become an influential shaper of the global solar industry and a leader in solar modules, solutions and services.

With a drop from $18.50 to $12.50 in the last few weeks you could argue TSL is in its own little bear market (-32.4%). The stock is still up significantly from its 2012 lows near $2.00 a share. Technically it looks like traders are buying the dip near $12.50 and its simple 200-dma.

TSL spent most of today's session coiling for a breakout above the $13.00 level. If that happens the stock could see some short covering. The most recent data listed short interest at 15% of the 65.8 million-share float.

I am labeling this an aggressive, higher-risk trade because TSL can be so volatile. Therefore I am suggesting small positions to limit our exposure. Use a trigger to open small bullish positions at $13.15. We're not setting a bullish exit target yet. The $15.00 level could prove to be tough resistance.

Trigger @ $13.15 *small positions*

Suggested Position: buy TSL stock @ (trigger)

Annotated chart:



NEW BEARISH Plays

Gogo Inc. - GOGO - close: 18.13 change: -0.52

Stop Loss: 19.55
Target(s): to be determined
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 08, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.1 million
New Positions: Yes, see below

Company Description

Why We Like It:
GOGO is in the technology sector. The company provides in-flight internet connectivity. A quick look at a two-year chart of GOGO and you can tell it's been a rollercoaster ride for investors. Last year's rally peaked in early December and it's been downhill since. GOGO did see a pre-earnings bounce in early March but that faded. The company's latest earnings results beat estimate but traders sold the news. They have continued to sell the rallies and GOGO has a bearish trend of lower highs.

Now the stock is poised to breakdown under support near $18.00. We are suggesting a trigger for bearish positions at $17.95. Investors may want to use small positions or consider using put options to limit their risk. There are already a lot of bears in this name. The most recent data listed short interest at 31% of the small 30.9 million share float. There is definitely fuel for a short squeeze but that doesn't guarantee one.

FYI: The Point & Figure chart for GOGO is bearish with an $11.00 target.

Trigger @ $17.95 *small positions*

Suggested Position: short GOGO stock @ (trigger)

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

Buy the MAY $17.50 PUT (GOGO1417Q17.5) current ask $1.50

Annotated chart: