Editor's Note:
Our two new trades from the weekend newsletter (BRCM & PETD) have been triggered.

Current Portfolio:


BULLISH Play Updates

Akamai Technologies - AKAM - close: 37.04 change: -0.32

Stop Loss: 34.95
Target(s): 39.75 & 41.50
Current Gain/Loss: + 0.6%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/19 update: AKAM underperformed today with a -0.8% decline. The stock tested some short-term moving averages this morning (10,20, & 30-dma) before paring its losses. This weekend I suggested looking for a dip near the 40 or 50-dma as a new entry point ($35.50-35.00 zone).

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.

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: 52.13 change: -0.34

Stop Loss: 49.75
Target(s): 56.50
Current Gain/Loss: + 0.1%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/19 update: ANF continues to digest last week's early gains with a slow fade lower. The stock is now down three days in a row and they still have not erased last Wednesday's rally. At this time I would look for a dip near the 10-dma (near 51.00) or the $50.00 level as a new entry point.

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

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


Broadcom Corp. - BRCM - close: 38.78 change: +0.97

Stop Loss: 36.45
Target(s): 44.00
Current Gain/Loss: + 0.8%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/19 update: BRCM is starting the week off on a strong note. The stock rallied +2.5% and broke through significant resistance. Our trigger to open bullish positions was hit at $38.75. Shares probably got a boost from news out this morning that BRCM was granted a permanent injunction against rival Emulex (ELX) over a patent infringement case. I would still consider new positions now if you're looking for an entry point.

Earlier Comments:
If triggered our multi-week target is $44.00. The rise past $39.00 has created a brand new Point & Figure chart triple top breakout buy signal that is currently forecasting at $50 target.

current Position: Long BRCM stock @ $38.75

- or -

Long May $40 call (BRCM1219E40) Entry $1.52

Entry on March 19 at $38.75
Earnings Date 04/26/12 (unconfirmed)
Average Daily Volume = 8.8 million
Listed on March 17, 2011


eBay Inc. - EBAY - close: 37.79 change: +0.10

Stop Loss: 34.75
Target(s): 39.50
Current Gain/Loss: + 4.1%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/19 update: Shares of EBAY were downgraded this morning, which helped account for the gap down at the open. Yet traders bought the dip and EBAY surged to tag a new relative high and close up on the session. I am not suggesting new positions at this time.

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

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: 43.68 change: +0.85

Stop Loss: 41.40
Target(s): 44.75
Current Gain/Loss: + 6.9%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/19 update: HAIN displayed relative strength today with a breakout above short-term resistance near $43.00. The stock ended the session near its highs with a +1.9% gain. I am raising our stop loss to $41.40. I am not suggesting new positions at this time.

(small positions)

current Position: Long HAIN stock @ $40.85

03/19/12 new stop loss @ 41.40
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

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: 27.53 change: +1.03

Stop Loss: 24.70
Target(s): 29.00
Current Gain/Loss: + 5.2%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/19 update: LVLT was also showing relative strength today. The stock rallied to resistance at $28.00 before settling with a +3.8% gain. It could take LVLT a couple of days to get past resistance near $28. I am not suggesting new positions at this time.

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.

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


Petroleum Development - PETD - close: 39.57 change: +0.32

Stop Loss: 37.40
Target(s): 44.75
Current Gain/Loss: + 0.0%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/19 update: PETD spent the day slowly drifting higher. The stock started to accelerate in the last hour and right at the close it hit our trigger to open bullish positions at $40.25. I would still consider new positions at current levels.

Our target is $44.75. More aggressive traders could aim higher. The Point & Figure chart for PETD is bullish with a $50.00 target.

Current Position: Long PETD stock @ $40.25

- or -

Long Apr $40 call (PETD1221D40) Entry $2.00

03/19/12 triggered at $40.25

Entry on March 19 at $40.25
Earnings Date 05/10/12 (unconfirmed)
Average Daily Volume = 488 thousand
Listed on March 17, 2011


Sturm, Ruger & Co. - RGR - close: 43.59 change: +0.65

Stop Loss: 41.75
Target(s): 48.50
Current Gain/Loss: - 1.0%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/19 update: There was no follow through lower on Friday's reversal, which is a good sign. RGR outperformed the market's major indices with a +1.5% gain today but it's worth noting that RGR pared its gains from the intraday highs. Today's high was $44.10. Readers may want to wait for $44.15 before considering new 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

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: 27.80 change: -0.11

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

Comments:
03/19 update: STMP has spent two and a half days consolidating sideways under the $28.00 level. We are still waiting for a breakout. 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)

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: $70.94 change: +0.03

Stop Loss: 66.40
Target(s): 74.00
Current Gain/Loss: + 2.3%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/19 update: Monday proved to be a quiet day for TTC. Shares closed virtually unchanged for the session. I would wait for a dip or a bounce near the 10-dma 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

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: 45.39 change: +0.15

Stop Loss: 43.75
Target(s): 49.50
Current Gain/Loss: + 0.3%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/19 update: WYN bounced off round-number support near $45.00. As I mentioned this weekend, we can use a bounce near $45 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

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: 22.49 change: +0.02

Stop Loss: 23.25
Target(s): 18.50
Current Gain/Loss: - 4.6%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/19 update: GBX is still consolidating sideways under short-term resistance near $23.00 and its 100-dma. I would still consider new bearish positions at this time.

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.

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: 10.48 change: +0.37

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

Comments:
03/19 update: HK is trying to bounce again. Shares rallied +3.6% but have not yet broken the bearish trend of lower highs. If we see HK close above its 50-dma we will probably drop it as a bearish candidate. 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 (small positions)

Suggested Position: short HK stock @ 9.75

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