This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Swing Trade Ideas for Tuesday, June 10: Home Inns, Westport, More

Stocks in this article: HMIN WPRT WTW

NEW YORK (TheStreet) -- Good day traders!

Today's top swing pick are Home Inns & Hotels Management  (HMIN), Westport Innovations  (WPRT) and Weight Watchers International  (WTW).

1. First, let's look at Home Inns & Hotels Management, which develops, leases, operates, franchises and manages economy hotels under the Home Inn, Yitel and Motel 168 brands in the People's Republic of China.

Home Inns traded up 3.79% on Monday, closing at $31.80 per share. 

  • Monday's range: $30.52 - $31.84
  • 52-week range: $23.93 - $44.17
  • Monday's volume: 225,412
  • 3-month average volume: 346,939

Home Inns is a rounded bottom breakout chart pattern. This chart triggered as a rounded bottom breakout on May 27, and has been confirming since. The stock is staying just above the 50-day simple moving average. Yesterday it formed a nice large bullish candle and closed above the previous days closes.

Look for price action to move higher today and close higher on the breakout.

Home Inns reached its six-month low on May 7, and has traded up almost 20% since then. Now shares are consolidating on the 50-day simple moving average, forming a base to work from. The 50 is acting as a solid support.

Look to enter this trade above the 20-day simple moving average -- anywhere within yesterday's range of $30.52 to $31.84. I'd set a stop at about $29.70, or if you'd like it a little tighter, I'd set it just below the 50.

I would target the 200-day simple average at $35.38, and let the trade work on its way up. There is 10% potential gain to the 200 from yesterday's close. Expect some consolidation and dips on the uptrend. Pullbacks and dips are great opportunities for adding to your positions. Start with a 1/4 position, and add to it as the trend is working.

Stay long until you see a confirmed sell signal or a close below the t-line.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs