Breakouts for April 13th: Three current plays are reviewed. The first pick, IMMR, has enjoyed a two month run which has retraced back to $8.20 congestion. The breakout from the small bullish flag is an opportunity to raise the original stop to the last reaction low. Since the original feature the stock has managed a triple top breakout on the point-n-figure chart, with a price target of $17.50. There has been no company specific news for April (helping to account for the pullback). I have not changed the price target. The second pick, LUK, has been one of the best performers since its first appearance on this site on February 24th in 2005 at $33. It has featured three times since, over the course of the year. The current pullback and bounce from the small doji is an additional opportunity to raise both the stop and target price. The stock continues to receive positive media coverage. All three technical indicators are in good shape; keep an eye on MACD triendline support - this should hold on its next test. On-balance-volume favors continued accumulation. The third pick, ADS, is a Subscriber pick from March 9th. Wednesday's breakout occurred on above average volume, facilitating the raising of the orignal stop price. Earnings are set for April 19th, which may keep some wary of buying. Another potential stumbling block is $48 resistance from Christmas 2004. A break of this price would favor a move to a projected price target of $64. Technicals are in reasonable shape; the MACD is mapping a consolidation, but slow stochastics and on-balance-volume are bullish. The point-n-figure chart is sticking to its double top breakout from January 11th with a price target of $75 (ambitious at this stage).

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For those who prefer to set their own price targets the table opposite represents the frequency for a given % return (taken from maximum highs) assuming a fill at at the stated "Buy" price on the open (i.e. the prior days close). The return per trade from 5% risk is typical of what my subscribers can expect from their picks. The return per trade from 10% risk is what one can expect from my free stock picks. Returns will be higher on fills below my "Buy" price

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96% of featured stocks turn a profit greater than or equal to break even, assuming a fill at the prior day's close. 91% of featured stocks return a profit of 1% or more assuming a fill at the prior's day close; 78% of picks return a profit of 2% or more. 92% of featured plays are completed within a 6-month time frame. Stocks which are still in play beyond 6-months are usually experiencing strong rallies. Returns will be higher on fills below my "Buy" price

Buy	Stop	Target	Support	Resistance	Risk:Reward	IBD
$47.73	$45.23	$56.11	$44.51	$47.11	3.4	A

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"IBD" refers to Investors Business Daily

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