Breakouts for Feb 23rd: The first pick, CELG, featured as a breakout for December 30th. The stock followed this with a 2-month consolidation, which completed Wednesday on a low volume breakout. Technical confirmation has yet to follow, although slow stochastics remain firmly overbought (a sign of bullish momentum), and the MACD is on its way to creating a bullish crossover. The stock is set to split next week, which usually provides a short term boost in price. I have maintained the original price target, until otherwise noted. The second pick, DOVP, was a breakout play for February 6th. The stock has entered a small consolidation handle after 7-days of solid gains. Swing traders could enter on a 10 cent break above, or below, todays high/lows. Instead, I have opted to protect the earlier long play, and I am looking for a continuation of the trend with an upward break. All three technical indicators are very strong; on-balance-volume, in particular, shows very strong accumulation. The trend is your friend. Supply can be expected to kick in on a test of last summers highs at $21.49. The third pick, LNY, reported a drop in quarterly profits, but buyers looked beyond this, and pushed the prices to new near term highs. The day's gains were supported with a MACD trigger 'buy', and a breakout in on-balance-volume. The stock sits less than a $1 away from major resistance, so some consolidation can be expected here (and the potential to buy in at lower prices than those of Wednesday's close). A move to $33 triggers a triple top breakout, and would be very bullish for the stock (it could challenge $50). The newly raised stop protects profits from the earlier December, Subscriber pick.

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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
$32.06	$29.11	$39.11	$31.16	$32.78	2.4	C+

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"IBD" refers to Investors Business Daily

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