Three Plays on the Table

Nope, it isn't 2013. I just felt like I had to say it since it is all I am seeing and hearing this morning. I think Doug Kass was first with it, but now everyone is following suit. Still, I'm using the push lower to buy strong charts.

First is LifeLock (LOCK). Given the recent rash of major data breaches, demand for this type of protection should rise. But what draws me to this stock is the beautiful cup-and-handle pattern. The stock may take another few days to consolidate, but a possible short-term 5% to 7% pop is there. In this market, I know I would take a quick 5% to 7% and be happy with it. A close below $18.75 ends the uptrend and has me looking to the sidelines. The short interest isn't huge at 4.25%, but the stock doesn't trade a ton of shares, so it would take 3.3 days of trading average volume just to cover all those short shares. Therefore, a short-term squeeze is possible....250 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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