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 Trades to Take as Stocks Soar in May


One stock that's showing traders a more conventional bottoming pattern is VMWare ( VMW). Shares of the IT virtualization firm have gotten absolutely shellacked in 2013, tumbling more than 18% during a time when the broad market has been rallying extremely hard. But shareholders could be in for a reprieve if the double-bottom in VMW triggers.

>>4 Tech Stocks to Trade (or Not)

A double bottom is just what it sounds like -- it's formed by two swing lows that bottom out at approximately the same level. The buy signal comes when shares are able to break out above the peak that separates the two bottoms. For VMW, that peak is a bit higher than standard at $85, but it's a price that's at least within grabbing distance right now. I'd recommend picking up shares if they can print above that level.

One big component of VMW's decline in 2013 was a major gap down after a poor outlook from management at the end of January. With that gap still left unfilled, VMW could move quickly once $85 gets taken out. While that level is still a good bit away, it's worth keeping a close eye on this stock.
5 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
RUK $0.00 0.00%
CAG $44.56 0.00%
LUX $54.73 0.00%
MFG $2.96 0.00%
VMW $56.91 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs