Editor's Note:
Shares of Sturm Ruger (RGR) hit our exit target this morning. The gun maker closed at record highs. Meanwhile our ANN and WBSN trades were both triggered.

Current Portfolio:


BULLISH Play Updates

Akamai Technologies - AKAM - close: 37.77 change: +1.15

Stop Loss: 34.95
Target(s): 39.75 & 41.50
Current Gain/Loss: + 2.5%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/26 update: AKAM displayed relative strength today with a +3.1% gain and a rally to new three-week highs. Readers could use this move as a new entry point. Conservative traders may want to move their stop closer to $36.00.

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: 51.20 change: -0.03

Stop Loss: 49.75
Target(s): 56.50
Current Gain/Loss: - 1.6%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/26 update: Uh-oh! ANF did not participate in the market's widespread rally today. That's a worrisome sign. While shares should still have support near $50.00, if ANF underperforms again tomorrow we will consider an early exit. At this point readers may want to look for a new bounce off the $50.00 level or a new close over the 10-dma before considering new bullish positions.

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

03/26/12 warning! ANF did not participate in the rally today

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


ANN Inc. - ANN - close: 29.25 change: +0.67

Stop Loss: 27.25
Target(s): 31.75
Current Gain/Loss: + 1.2%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/26 update: Our new ANN trade is off to a strong start. We wanted to use a trigger to open bullish positions at $28.75 but ANN gapped open higher at $28.89. The stock closed up +2.3% versus a +1.3% gain in the S&P 500. If you're looking for an entry point now readers might want to wait for ANN to fill the gap, which means a dip toward $28.60.

current Position: Long ANN stock @ 29.25

- or -

Long May $30 call (ANN1219E30) current ask $1.05

03/26/12 ANN gapped open above our trigger (28.75). Trade opened this morning at $28.89

Entry on March 26 at $28.89
Earnings Date 05/18/12 (unconfirmed)
Average Daily Volume = 1.5 million
Listed on March 24, 2011


Broadcom Corp. - BRCM - close: 38.93 change: +0.46

Stop Loss: 36.45
Target(s): 44.00
Current Gain/Loss: + 0.4%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/26 update: BRCM rallied +1.1% and is now testing the $39.00 level again. If you're still looking for an entry point consider waiting for a new relative high over $39.05.

Earlier Comments:
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: 38.08 change: +0.99

Stop Loss: 35.75
Target(s): 39.50
Current Gain/Loss: + 4.9%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/26 update: EBAY completely erased Friday's loss and then some. Shares outperformed the market with a +2.6% gain. The stock has now broken out above short-term resistance at $38.00. I am raising our stop loss to $35.75. I am not suggesting new positions at this time.

current Position: Long EBAY stock @ $36.29

- or -

Long Apr $35 call (EBAY1221D35) entry $2.02

03/26/12 new stop loss @ 35.75
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: 44.31 change: +0.99

Stop Loss: 41.40
Target(s): 44.75
Current Gain/Loss: + 8.4%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/26 update: HAIN outperformed the markets with a +2.2% gain and a surge to new record highs. Our exit target is $4.475. More aggressive traders may want to let this trade run.

(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: 27.13 change: +0.52

Stop Loss: 24.70
Target(s): 29.00
Current Gain/Loss: + 3.6%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/26 update: Traders bought the dip near LVLT's simple 10-dma again. This bounce looks like a new bullish entry point.

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

03/26/12 today's bounce off the 10-dma could be a new entry point
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


NetApp, Inc. - NTAP - close: 46.33 change: +0.71

Stop Loss: 43.75
Target(s): 49.75
Current Gain/Loss: + 0.7%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/26 update: NTAP gapped open higher at $45.97 and eventually closed up +1.5%. I would still consider new bullish positions at current levels.

Our short-term target is $49.75. More aggressive traders may want to aim higher. The Point & Figure chart for NTAP is bullish with a $65.00 target.

current Position: Long NTAP stock @ $45.97

- or -

Long Apr $45 call (NTAP1221D45) Entry $2.05

Entry on March 26 at $45.97
Earnings Date 05/23/12 (unconfirmed)
Average Daily Volume = 5.8 million
Listed on March 24, 2011


NXP Semiconductors - NXPI - close: 26.87 change: -0.10

Stop Loss: 25.35
Target(s): 29.75
Current Gain/Loss: + 1.4%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/26 update: NXPI's performance on Monday was a bit disappointing especially after Friday's outperformance. The stock spiked to $27.43 intraday but settled with a loss. More conservative trades may want to wait for another bounce off the 10-dma before considering new positions. FYI: The Point & Figure chart for NXPI is bullish with a $45.00 target.

(small positions)

current Position: Long NXPI stock @ $26.50

- or -

Long Apr $25 call (NXPI1221D25) Entry $2.25

03/23/12 NXPI hit our trigger for small positions at $26.50

Entry on March 23 at $26.50
Earnings Date 05/03/12 (unconfirmed)
Average Daily Volume = 1.6 million
Listed on March 19, 2011


Ardea Biosciences - RDEA - close: 23.05 change: +0.21

Stop Loss: 21.40
Target(s): 24.90
Current Gain/Loss: + 1.7%
Time Frame: 3 to 4 weeks
New Positions: see below

Comments:
03/26 update: Drug, biotech and healthcare stocks were strong performers today. Unfortunately RDEA underperformed its peers although the stock did post a +0.9% gain. I don't see any changes from my prior comments. Nimble traders could try launching positions on a new dip near $22.00, which should be short-term support.
FYI: The Point & Figure chart for RDEA is bullish with a long-term $31.50 target.

current Position: Long RDEA stock @ $22.65

03/23/12 RDEA hit our entry trigger @ 22.65

Entry on March 23 at $22.65
Earnings Date 03/09/12
Average Daily Volume = 307 thousand
Listed on March 22, 2011


Stamps.com Inc. - STMP - close: 28.45 change: +0.58

Stop Loss: 25.95
Target(s): 32.50
Current Gain/Loss: + 0.7%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/26 update: STMP produced a +2.0% gain but shares failed to close above technical resistance at the 50-dma. I remain cautiously bullish here. Today's high was $29.11. Readers could use a move past $29.15 or $29.25 as a new entry point.

Earlier Comments:
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.

This is a volatile stock. I am suggesting we keep our position size small to limit our risk.

(small positions)

Current Position: Long STMP stock @ $28.25

- or -

Long Apr $30 call (STMP1221D30) Entry $0.85

03/21/12 STMP hit our entry trigger at $28.25

Entry on March 21 at $28.25
Earnings Date 04/30/12 (unconfirmed)
Average Daily Volume = 508 thousand
Listed on March 15, 2011


TJX Companies - TJX - close: 39.36 change: +0.73

Stop Loss: 37.40
Target(s): 41.50
Current Gain/Loss: + 1.9%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/26 update: TJX displayed relative strength again with a +1.8% gain and another new high. More conservative traders may want to take profits early near the $40.00 mark since $40 could prove to be round-number, psychological resistance.

current Position: Long TJX stock @ $38.60

- or -

Long Apr $37.50 call (TJX1221D37.5) Entry $1.60

03/26/12 conservative traders may want to take profits near the $40.00 mark
03/21/12 TJX hit our entry trigger at $38.60

Entry on March 21 at $38.60
Earnings Date 05/15/12 (unconfirmed)
Average Daily Volume = 4.6 million
Listed on March 20, 2011


The Toro Company - TTC - close: $71.49 change: +1.23

Stop Loss: 67.40
Target(s): 74.75
Current Gain/Loss: + 3.1%
Time Frame: 4 to 8 weeks
New Positions: see below

Comments:
03/26 update: The bounce in TTC today looks like a new bullish entry point. More conservative traders may want to raise their stops toward Friday's low.

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

current Position: Long TTC stock @ $69.32

03/22/12 adjust exit target to $74.75
03/20/12 new stop loss @ 67.40
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


Websense, Inc. - WBSN - close: 21.43 change: +0.47

Stop Loss: 19.85
Target(s): 23.50
Current Gain/Loss: + 0.8%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/26 update: Our WBSN trade is open. We had a trigger to open positions at $21.15 but WBSN actually gapped open higher at $21.24. The stock outperformed the major indices with a +2.2% gain. More conservative traders might want to consider a stop closer to Friday's intraday low (20.38). FYI: The Point & Figure chart for WBSN is bullish with a $26.00 target.

current Position: buy WBSN stock @ $21.24

03/26/12 Trade opened on WBSN's gap higher at $21.24. This is above our trigger of $21.15.

Entry on March 26 at $21.24
Earnings Date 04/24/12 (unconfirmed)
Average Daily Volume = 388 thousand
Listed on March 22, 2011


Wyndham Worldwide - WYN - close: 45.35 change: +0.71

Stop Loss: 43.75
Target(s): 49.50
Current Gain/Loss: + 0.2%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/26 update: WYN's +1.5% gain today has broken the short-term trend of lower highs. Readers could use this move as a new bullish entry point for WYN.

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: 21.14 change: -0.46

Stop Loss: 22.55
Target(s): 18.50
Current Gain/Loss: + 1.7%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
03/26 update: Good news! GBX continues to underperform. The stock saw a rally this morning but shares reversed at short-term resistance near $22.00. I am concerned about the market's widespread gains so we will lower our stop loss down to $22.55. I am not suggesting new 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

03/26/12 new stop loss @ 22.55
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


CLOSED BULLISH PLAYS

Sturm, Ruger & Co. - RGR - close: 50.11 change: +2.04

Stop Loss: 43.75
Target(s): 49.50
Current Gain/Loss: +12.3%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
03/26 update: Target achieved.

The widespread market gains today helped propel RGR to another high. Shares rallied +4.2% to hit the $50.00 mark, which is a new all-time high. Our exit target was hit at $49.50.

closed Position: Long RGR stock @ $44.05 exit $49.50 (+12.3%)

- or -

Apr $45 call (RGR1221D45) Entry $1.45 exit $4.40 (+203.4%)

03/26/12 exit hit at $49.50
03/22/12 new stop loss @ 43.75
03/21/12 Adjust exit target from $48.50 to $49.50 on news that there is so much demand RGR has stopped accepting new orders.
03/16/12 triggered at $44.05

chart:

Entry on March 16 at $44.05
Earnings Date 05/01/12 (confirmed)
Average Daily Volume = 319 thousand
Listed on March 15, 2011