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

Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world.

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.

UTX vs S&P500

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

Momentum Trader Alert Analysis

MTA Chart 1

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.

MTA Chart 2

Sincerely,

Nicholas Vardy

Nicholas A. Vardy

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With momentum back in the stock market, it’s not surprising that many of your Momentum Trader Alert positions are soaring this week. Today, I am recommending that you raise your current stops on the following positions to lock in five double-digit-percentage gains. Raise your stop in MKS Instruments (MKSI) to $77.55 to lock in a 15% gain in the stock. Raise your stop in Lam Research Corporation (LRCX) to $145.95 to lock in a 15% gain in the stock.

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