Catching Up on a Few Trades

After a week on the slopes in beautiful Colorado, it's great to be home again. Let's update some trades, close a position and add to another one as we try to put a strong finish on the first quarter.

Last week, we stepped into two sporting goods names, one with gusto and one with an abundance of caution. We took a full long position in Cabela's (CAB) as it broke above $53 last week and now the stock is trading above $60 after the company announced that it would beat analysts' earnings estimates for the first quarter. The stock bounced off $53 support Monday (arrows), a testament to the importance of that level. That's what I call instant gratification....364 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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