Gap Up Jul 26, 2013

GAP UP - $SBUX, $GILD, $CLF, $ABBV, $OLN, $LEA, $VRSN; DOWN - $CERN, $AMZN,$EXPD, $SWI, $TPX, $DECK; OTHERS - $INFA, $KLAC, $BMRN

HAS long call

Called to go long on $HAS at 9:31am.. see how it worked out perfectly. Went up more than $2 too quickly so taking profit made sense. Went long since it was above the 45 general support area on daily. Took profit on the way and protected 47.. should be out of it at that point.

CELG swing

Had called for $CELG to scale back to 115 before you buy it. It did come to 115 and today it is opening at 133... Check out how nicely this worked out
Here is the earlier analysis:

http://agaptrader.blogspot.com/2013/05/celg-swing.html

CTSH swing

I had called for $CTSH long position sometime back, today it broke out of the range and has headed higher. This is a good sign, will get some resistance at 70ish due to the 200 day moving avg and will go higher. Love this play.. CHeck out my earlier call:

http://agaptrader.blogspot.com/2013/06/ctsh-swing.html

KBH swing

$KBH is at support level and if this holds, it has a good chance to test 25 again. I like it here and one can start a small position and enter big above 20

RVBD swing

$RVBD is just coming out of the range and looks like it is going to head higher and the high is pretty good here. Chances of going to 21 and 24 is good. Check out the charts. Only negative is it will test the 200 day moving avg at 17.5 so play cautiously till then.

FB swing

I have been talking about FB swing for a long time now. The base as shown on the daily chart was a pefect entry and if anyone entered is already in for a nice profit. It is now above the 200 day moving average which is perfect start. Adding here if this holds is ideal.. next levels are higher.

http://agaptrader.blogspot.com/2013/07/fb-swing.html