Categories: Momentum Trader Alert HotlinesStock Market News

Celebrating Two Double-Digit Percentage Gainers and a New Tech Play

It was a big week for your Momentum Trader Alert portfolio.

In Friday morning’s Special Alert, I advised you to raise your stop prices in five different Momentum Trader Alert positions.

By the end of the day, you stopped out of Lam Research Corporation (LRCX) at $145.95 for a 15.04% gain.

You also stopped out of Teradyne, Inc. (TER) at $35.35 for a 10.06% gain.

This week’s Momentum Trader Alert’s algorithms identified United Technologies Corporation (UTX). Founded in 1934 and headquartered in Farmington, Connecticut, UTX provides a broad range of high technology products and services including Pratt & Whitney aircraft engines; Carrier heating and air conditioning; Otis elevators; and Sikorsky helicopters.

United Technologies Corporation (UTX) versus the S&P 500 over three months.

Momentum Trader Alert Analysis

Recommendation

Buy United Technologies Corporation (UTX) at market today and place your stop at $111.

If you want to play the options, I recommend the June 16 $115 calls (UTX170616C00115000), which last traded at $4.59 and expire on June 16.

Portfolio Update

As a reminder, in Friday’s Special Alert I recommended that you:

Raise your stop in MKS Instruments (MKSI) to $77.55 to lock in a 15% gain in the stock.

Raise your stop in Healthcare Services Group, Inc. (HCSG) to $45.45 to lock in a 10% gain in the stock.

Raise your stop in CoreSite Realty Corporation (COR) to $95.75 to lock in a 10% gain in the stock.

Sincerely,

Nicholas A. Vardy

Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world. He was the Editor of The Global Guru, a free weekly e-newsletter, and also edited the trading services Momentum Trader Alert, which focused on making short-term profits in the hottest markets in the world, and The Alpha Algorithm, which was designed specifically to deliver big, fast triple-digit winners, month after month. He was also the editor of Smart Money Masters, a monthly service focused on longer term investments recommended by the brightest minds in the business. Mr. Vardy has been a regular commentator on CNN International and the Fox Business Network. He has also published articles in The New Republic, The World and I, and The Baker & McKenzie Legal Review. The Global Guru/Nicholas Vardy has been cited in The Wall Street Journal, Newsweek, Fox Business News, CBS MarketWatch, Yahoo! Finance, and MSN Money Central. Mr. Vardy graduated from Stanford with a B.A. — with honors and distinction — in both Economics and History, and he also earned an M.A in Modern European Intellectual History. After winning a Fulbright Scholarship, he earned a J.D. degree at Harvard Law School where he was an editor of the Harvard International Law Journal. When not uncovering investment opportunities for his subscribers and investors, Mr. Vardy is a keep-fit enthusiast and an avid student of classical music.