This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Stocks Worth Trading Into May


Even though the market looks ostensibly bullish right now, the first stock on our radar this week is a bearish setup. Why bother with downside trades right now? Even though the broad market is nearly re-testing its previous highs, it's important not to let market bias play into your trading outlook. If an attractive against-the-grain setup pops up, it's worth taking a look.

That's exactly what's happening with shares of Synopsys (SNPS - Get Report) right now. This $4 billion software firm is forming a nearly textbook head-and-shoulders top right now -- one that's nearly reached its neckline trigger price.

In SNPS, it's critical to wait for a break below the neckline before betting against shares of this stock. More specifically, it'll be important to wait for a close below the neckline before taking a position in this stock -- shares have made more than one move below the line in the form of an intraday whipsaw. If you do take this trade, put a protective stop right around $27 to protect against a fake out.
2 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
AES $9.17 1.89%
BRKR $23.75 1.67%
EC $6.26 4.86%
SNPS $41.92 1.40%
VRSN $76.97 3.79%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs