Editor's Note:
Friday was a quadruple-witching expiration day. Volume improved somewhat but stocks merely drifted sideways. The major indices only saw minor moves.

We did see our new RGR play get triggered.

Current Portfolio:


BULLISH Play Updates

Akamai Technologies - AKAM - close: 37.36 change: +0.01

Stop Loss: 34.95
Target(s): 39.75 & 41.50
Current Gain/Loss: + 1.4%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/17 update: Friday proved to be a very lazy session for AKAM. The stock closed virtually unchanged on the day. The trend of higher lows continues. Readers can choose to buy a breakout past $37.50 or look for a new dip near its 40 or 50-dma as an entry point.

current Position: Long AKAM stock @ $36.82

- or -

Long Apr $36 call (AKAM1217D36) entry $1.92

- or -

Long May $40 call (AKAM1219E40) entry $1.39

03/15/12 new stop loss @ 34.95
03/13/12 trade opened this morning
03/12/12 not open yet. try again.

chart:

Entry on March 13 at $36.82
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 2.9 million
Listed on March 10, 2011


Abercrombie & Fitch - ANF - close: 52.47 change: -0.40

Stop Loss: 49.75
Target(s): 56.50
Current Gain/Loss: + 0.8%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/17 update: I cautioned readers to expect a dip in ANF toward the $52-51 zone. Friday saw a dip to $51.95 before shares pared its losses. I would be tempted to buy this dip or if you expect a market pullback, then wait to buy a dip closer to $50.00 instead.

Earlier Comments:
We want to keep our position size small to limit our risk. There is potential resistance at the top of the November gap near $55.00. Plus the exponential 200-dma (near $54.40) and the simple 150-dma (near 55.15) could both be technical resistance. Our exit target is $56.50. FYI: The Point & Figure chart for ANF is bullish with a $69.00 target.

current Position: Long ANF stock @ $52.05

- or -

Long Apr $52.50 call (ANF1221D52.5) Entry $2.25

chart:

Entry on March 14 at $52.05
Earnings Date 05/16/12 (unconfirmed)
Average Daily Volume = 3.2 million
Listed on March 13, 2011


eBay Inc. - EBAY - close: 37.69 change: +0.86

Stop Loss: 34.75
Target(s): 39.50
Current Gain/Loss: + 3.8%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/17 update: Shares of EBAY outperformed the market on Friday (+2.3%) thanks to news that EBAY's PayPal unit plans to expand its domestic electronic payments business into India and China. PayPal is also launching a new credit card reader so process payments wirelessly. This will compete with Square's iPhone/Android credit card reader.

EBAY ended the week at new multi-year highs. I am leaving our stop loss at $34.75 for now but more conservative traders may want to adjust their stop closer to the $36.00 area.

current Position: Long EBAY stock @ $36.29

- or -

Long Apr $35 call (EBAY1221D35) entry $2.02

03/13/12 trade opened this morning
03/12/12 not open yet. try again. added a trigger at $36.85

chart:

Entry on March 13 at $36.29
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 10.6 million
Listed on March 10, 2011


The Hain Celestial Group - HAIN - close: 42.83 change: +0.03

Stop Loss: 40.85
Target(s): 44.75
Current Gain/Loss: + 4.8%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/17 update: HAIN is doing a good job of holding on to Tuesday's big gains. The stock has spent the last three days consolidating sideways under new resistance at $43.00. If you look closely the consolidation is narrowing, which suggests HAIN is coiling for a new breakout higher. I am going to go ahead and raise our stop loss up to $40.85. I am not suggesting new positions at this time.

(small positions)

current Position: Long HAIN stock @ $40.85

03/17/12 new stop loss @ 40.85
03/05/12 new stop loss @ 39.75
03/03/12 new stop loss @ 39.45
02/29/12 triggered at $40.85
02/27/12 trade did not open. Adjusting entry strategy to buy HAIN at $40.85 with a stop loss at $38.95
02/25/12 trade did not open. Try again

chart:

Entry on February 29 at $40.85
Earnings Date 05/03/12 (unconfirmed)
Average Daily Volume = 430 thousand
Listed on February 23, 2011


Level 3 Communications - LVLT - close: 26.50 change: -0.10

Stop Loss: 24.70
Target(s): 29.00
Current Gain/Loss: + 1.2%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/17 update: I warned readers on Thursday night that LVLT could see a fill the gap type of move. Shares did drop on Friday morning but quickly rebounded. LVLT managed to hit new relative highs before trimming its gains and close in the red. Overall the action this past week is very bullish. I am not suggesting new positions at this time. If the market does see a pullback I would expect LVLT to retest the $25.00 level and technical support near the 200-dma.

Earlier Comments:
The stock could see a short squeeze. The most recent data listed short interest at 26% of the 153 million-share float. FYI: The Point & Figure chart for LVLT is bullish with a long-term $41.50 target.

current Position: Long LVLT stock @ $26.17

- or -

Long Apr $25 call (LVLT1221D25) Entry $2.30

03/15/12 new stop loss @ 24.70, adjust exit target to $29.00
03/15/12 trade opened on LVLT's gap higher at $26.17, which is above our trigger to open positions at $25.25.

chart:

Entry on March 15 at $26.17
Earnings Date 05/03/12 (unconfirmed)
Average Daily Volume = 2.4 million
Listed on March 14, 2011


Sturm, Ruger & Co. - RGR - close: 43.82 change: +1.14

Stop Loss: 41.75
Target(s): 48.50
Current Gain/Loss: - 2.5%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/17 update: RGR's performance on Friday was lacking. Shares saw a small gap open higher on Friday morning near $44.00, briefly surged to $44.49, and then reversed lower. RGR ended Friday with a -2.0% decline to underperform the major indices. Our trade was triggered at $44.05 so it's not off to a great start. Bigger picture I don't see many changes from my Thursday night comments and Friday's action could have been influenced by option expiration. At this time I would wait for a new rally past $44.00 before considering new bullish positions.

Earlier Comments:
Our multi-week target is $48.50 but that means RGR has to get past its recent all-time high at $46.68. FYI: The Point & Figure chart for RGR is bullish with a $52.00 target.

current Position: Long RGR stock @ $44.05

- or -

Long Apr $45 call (RGR1221D45) Entry $1.45

03/16/12 triggered at $44.05

chart:

Entry on March 16 at $44.05
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 319 thousand
Listed on March 15, 2011


Stamps.com Inc. - STMP - close: 27.91 change: -0.07

Stop Loss: 25.95
Target(s): 32.50
Current Gain/Loss: unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Comments:
03/17 update: STMP briefly traded above $28.00 on Friday morning but the intraday high was only $28.19. Currently I am suggesting we launch small bullish positions if STMP can trade at $28.25 or higher. More conservative trades may want to wait for STMP to trade over its 5-dma near $28.60 before initiating positions instead. If the rally does continue we could see STMP accelerate due to short covering. The most recent data listed short interest at almost 16% of the very small 13.2 million share float.

If we are triggered at $28.25 we'll use a stop loss under Wednesday's low. Our target is $32.50. This is a volatile stock. I am suggesting we keep our position size small to limit our risk.

Trigger @ $28.25 (small positions)

Suggested Position: buy STMP stock @ (trigger)

- or -

buy the Apr $30 call (STMP1221D30)

chart:

Entry on March xx at $ xx.xx
Earnings Date 04/30/12 (unconfirmed)
Average Daily Volume = 508 thousand
Listed on March 15, 2011


The Toro Company - TTC - close: $70.91 change: -1.05

Stop Loss: 66.40
Target(s): 74.00
Current Gain/Loss: + 2.2%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/17 update: After seven gains in a row TTC finally saw some profit taking ahead of the weekend. Shares could see a dip toward their simple 10-dma near $69.35 before bouncing again. I would wait for a dip or a bounce near this moving average before considering new bullish positions.

Our target is $74.00. FYI: The Point & Figure chart for TTC is bullish with a $79.00 target.

current Position: Long TTC stock @ $69.32

03/15/12 new stop loss @ 66.40
03/13/12 Our TTC trade has been opened.
03/12/12 trade did not open. try again.
03/10/12 trade did not open. try again.
03/09/12 trade did not open. TTC opened lower and then bounced

chart:

Entry on March 13 at $69.32
Earnings Date 05/21/12 (unconfirmed)
Average Daily Volume = 330 thousand
Listed on March 08, 2011


Wyndham Worldwide - WYN - close: 45.24 change: -0.30

Stop Loss: 43.75
Target(s): 49.50
Current Gain/Loss: - 0.0%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/17 update: WYN is still seeing a minor correction lower after rushing to new highs on Tuesday. Broken resistance near $45.00 should offer some short-term support. I would consider a dip near $45.00 as a new bullish entry point. Our multi-week target is $49.50.

FYI: The Point & Figure chart for WYN is bullish with a long-term $82.00 target.

current Position: Long WYN stock @ $45.25

- or -

Long Apr $45 call (WYN1221D45) Entry $1.65

03/13/12 new stop loss @ 43.75
03/13/12 trade triggered at $45.25

chart:

Entry on March 13 at $45.25
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 1.7 million
Listed on March 12, 2011


BEARISH Play Updates

Greenbrier Companies - GBX - close: 22.47 change: +0.32

Stop Loss: 23.25
Target(s): 18.50
Current Gain/Loss: - 4.5%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/17 update: The railroad index continued to post gains on Friday and the group outperformed the market's major indices. GBX is still bouncing and outperformed with a +1.4% gain. It's worth noting that GBX traded up toward the $23.00 level and briefly traded above its 10-dma and 100-dma before paring its gains. I see Friday's intraday pullback as a new bearish entry point. We will leave our stop loss at $23.25 for now.

Earlier Comments:
Traders should be aware that the $20.00 level, with the 200-dma, could be short-term support but we are aiming for a drop to $18.50.

current Position: short GBX stock @ $21.50

03/17/12 Friday's intraday pullback from $23.00 can be used as a new bearish entry point.
03/14/12 triggered at $21.50
03/13/12 removed the April $22.50 put as a suggested trade due to a ridiculously wide spread.

chart:

Entry on March 14 at $21.50
Earnings Date 04/09/12 (unconfirmed)
Average Daily Volume = 468 thousand
Listed on March 12, 2011


Halcon Resources - HK - close: 9.99 change: -0.01

Stop Loss: 10.70
Target(s): 8.00
Current Gain/Loss: unopened
Time Frame: 3 to 6 weeks
New Positions: Yes, see below

Comments:
03/17 update: Thus far HK continues to hug support near the $10.00 level. Shares did dip to a new relative low at $9.84 on Friday morning before bouncing back. I don't see any changes from my prior comments.

Earlier Comments:
There is already relatively high short-interest (31%) so I am suggesting small positions. We will use a trigger to open bearish positions at $9.75 with a stop loss at $10.70. Our target is $8.00. More aggressive traders could target the 100-dma instead.

Trigger @ 9.75

Suggested Position: short HK stock @ 9.75

chart:

Entry on March xx at $ xx.xx
Earnings Date 03/05/12 (confirmed)
Average Daily Volume = 1.7 million
Listed on March 07, 2011