Editor's Note:
Shares of Nelnet, Inc. (NNI) hit our bullish target today.

The EA, GRPN, and SAVE trades were all triggered.


Current Portfolio:


BULLISH Play Updates

Electronic Arts - EA - close: 23.26 change: +0.49

Stop Loss: 21.90
Target(s): 25.75
Current Gain/Loss: + 0.7%

Entry on May 28 at $23.10
Listed on May 23, 2013
Time Frame: 4 to 6 weeks
Average Daily Volume = 6.0 million
New Positions: see below

Comments:
05/28/13: EA finally broke through resistance at $23.00 and hit our trigger to open bullish positions at $23.10. I would still consider new positions now at current levels following the intraday bounce from its midday dip to $23.00 again.

Earlier Comments:
If triggered our target is $25.75. However, that is a slightly aggressive target. The $25.00 level has been resistance in the past and could be resistance again.

current Position: Long EA stock @ $23.10

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

Long Jul $25 call (EA1320G25) Entry $0.62



Groupon, Inc. - GRPN - close: 7.39 change: +0.18

Stop Loss: 6.89
Target(s): 9.00
Current Gain/Loss: - 0.3%

Entry on May 28 at $ 7.41
Listed on May 25, 2013
Time Frame: 10 to 12 weeks
Average Daily Volume = 20.5 million
New Positions: see below

Comments:
05/28/13: The stock market's widespread rally this morning helped lift GRPN to new nine-month highs. Shares hit our trigger to open bullish positions at $7.41 but the stock failed at the $7.50 mark. More conservative investors may want to wait for a rally past $7.50 or even a close above $7.50 before initiating positions.

Earlier Comments:
Due to the stock's volatility in the last couple of months I am suggesting we keep our position size small to limit risk.
FYI: The Point & Figure chart for GRPN is bullish with a $10.50 target.

current Position: Long GRPN stock @ $7.41



Molina Healthcare - MOH - close: 38.55 change: +0.79

Stop Loss: 37.40
Target(s): 42.00
Current Gain/Loss: unopened

Entry on May -- at $--.--
Listed on May 22, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 660 thousand
New Positions: Yes, see below

Comments:
05/28/13: MOH finally appears to be breaking out through the top of its recent trading range. The high today was $38.57 so we're still on the sidelines. Currently, I am suggesting small bullish positions if MOH can trade at $38.60 or higher. If triggered our target is $42.00. I want to repeat that we are suggesting small positions. If the broader market continues lower we could see MOH reverse.

Trigger @ 38.60 *Small Positions*

Suggested Position: buy MOH stock @ (the trigger)



Spirit Airlines - SAVE - close: 30.08 change: +0.30

Stop Loss: 28.75
Target(s): 34.00
Current Gain/Loss: - 0.6%

Entry on May 28 at $30.25
Listed on May 25, 2013
Time Frame: 8 to 9 weeks
Average Daily Volume = 686 thousand
New Positions: see below

Comments:
05/28/13: I am urging caution here. Shares of SAVE are not performing quite as expected. The stock did breakout past resistance at $30.00, which is what we were looking for. Unfortunately the stock's morning spike ran out of gas and SAVE gave back nearly all of its gains. The intraday high was $31.66 (a +6.3% gain for the day before reversing).

Our trade opened at $30.25. I would look for a new rally past $30.25 or even $30.40 before initiating new positions.

current Position: Long SAVE stock @ $30.25

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

Long Jul $30 call (SAVE1320G30) entry $1.50



SunTrust Banks - STI - close: 32.34 change: +0.40

Stop Loss: 30.95
Target(s): 34.50
Current Gain/Loss: + 3.0%

Entry on May 16 at $31.40
Listed on May 15, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 4.4 million
New Positions: see below

Comments:
05/28/13: STI gapped open higher but struggled to make it past last week's highs. The stock did outperform the broader market with a +1.25% gain.

I am not suggesting new positions at this time. Shares will likely gap down tomorrow morning as the stock adjusts for its 10-cent dividend.

If you are trading the July $32 calls you may want to consider taking profits early since these calls are already up +66%.

Earlier Comments:
I want to remind you that the 2011 highs near $33.00-33.15 could prove to be resistance. More conservative traders may want to exit near $33.00.

current Position: Long STI stock @ $31.40

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

Long Jul $32 call (STI1320G32) entry $0.78

05/28/13 call option traders might want to take profits early right now.
note: STI will begin trading ex-dividend tomorrow (10 cents)
05/20/13 new stop loss @ 30.95



BEARISH Play Updates

Rackspace Holdings - RAX - close: 39.30 change: +0.11

Stop Loss: 40.10
Target(s): 31.00
Current Gain/Loss: -3.4%

Entry on May 22 at $38.02
Listed on May 21, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 3.0 million
New Positions: see below

Comments:
05/28/13: Shares of RAX gapped open higher this morning but the rally couldn't get past round-number resistance at $40.00 - at least not today. The stock is not cooperating and if the broader market continues to rally tomorrow we could see RAX hit our stop loss at $40.10.

Earlier Comments:
If you're concerned about shorting RAX then buy the put option to limit your risk to the cost of your option.

current Position: short RAX stock @ $38.02

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

Long Jun $37.50 PUT (RAX1322r37.5) entry $1.60

05/25/13 new stop loss at $40.10, more conservative traders may want to exit early now.
05/24/13 RAX confirms the bullish reversal pattern.
05/23/13 RAX produced a bullish reversal candlestick.



CLOSED BULLISH PLAYS

Nelnet, Inc. - NNI - close: 39.27 change: +0.77

Stop Loss: 35.90
Target(s): 39.50
Current Gain/Loss: +10.5%

Entry on May 14 at $35.75
Listed on May 13, 2013
Time Frame: 6 to 8 weeks
Average Daily Volume = 68.7 thousand
New Positions: see below

Comments:
05/28/13: Target achieved.

Shares of NNI surged toward round-number resistance at $40.00 this morning. The stock opened at $38.68, rallied to $39.98, and then pared its gains. Our exit target was hit at $39.50.

Earlier Comments:
I do want to urge traders to keep their position size small. NNI does not trade a lot of daily volume. If triggered our target is $39.50.

*small positions*

closed Position: Long NNI stock @ $35.75 exit $39.50 (+10.5%)

05/28/13 target hit
05/21/13 new stop loss @ 35.90
05/18/13 new stop loss @ 35.65

chart: