NEW BULLISH Plays

Tutor Perini Corp. - TPC - close: $29.73 change: +0.61

Stop Loss: 28.45
Target(s): to be determined
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 12, 2014
Time Frame: 6 to 8 weeks
Average Daily Volume = 255 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
TPC is in the industrial goods sector. The company provides general contracting and construction services. The company's latest earnings report in late February was mixed. More importantly management guided earnings lower but they also guided revenues higher. Investors chose to focus on the bullish revenue guidance and shares rallied. The last couple of weeks have seen TPC consolidating gains. The stock has managed to ignore the market's recent weakness. Now TPC is poised to breakout past resistance near $30.00.

Tonight we're suggesting a trigger to open bullish positions at $30.25. We are not setting an exit target yet but plan on exiting prior to TPC's earnings report in May (no official date yet).

Trigger @ $30.25

Suggested Position: buy TPC stock @ $30.25)

Annotated chart:



NEW BEARISH Plays

ChannelAdivsor - ECOM - close: 30.41 change: -0.81

Stop Loss: 32.25
Target(s): 25.25
Current Gain/Loss: unopened

Entry on April -- at $--.--
Listed on April 12, 2014
Time Frame: 3 to 4 weeks
Average Daily Volume = 625 thousand
New Positions: Yes, see below

Company Description

Why We Like It:
ECOM is in the technology sector. They provide software-as-a-service solutions. This is a momentum play. ECOM came to market in 2013. After a post-IPO sell-off the stock soared from $15 to $50. There ECOM produced a bearish double top at round-number resistance near $50.00. Since then ECOM has been plunging through support levels.

Now ECOM shares sit on support near $30.00. We're suggesting a trigger to open bearish positions at $29.75. Traders may want to use put options to limit their risk. Our short-term target is $25.25. More aggressive traders may want to aim lower. The Point & Figure chart for ECOM is bearish with a $22.00 target.

Trigger @ $29.75

Suggested Position: short ECOM stock @ (trigger)

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

Buy the May $30 PUT (ECOM1417Q30) current ask $2.70

Annotated chart: