Today's Trades: EWZ, FCEL, GES, HOC, SBGI, PDE

I took profits from my 500 share position in HOC at $60.76 (entry at $57.94) for a $1410 gain (+4.9%).

I sold shares of PDE at $31.73 (entry at $30.28) for a $725 gain (+4.8%).

I sold 500 shares of SBGI at $16.18 (entry at $15.23) for a $475 gain (+6.2%).

I sold 300 shares of GES at $42.13 (entry at $40.85) for a $384 gain (+3.1%).

I was stopped out of FCEL for no gain or loss. I had moved my stop to break even level once it moved up yesterday.

I bought 600 shares of EWZ at $50.43. The stock has broke out of a big base at $50, which has acted as resistance. I hope to annotate a chart tonight, but take a look at the move out of the base on the chart below.

I am holding EWZ, HES, TZOO and HOKU. I plan to go over each of today's exits today or tomorrow.

Today's Trades and A Question About how I Spotted PDE

In reference to the PDE setup, Rahul asked "Indeed a good trade. Could you tell how it came on your radar."

Sure Rahul,

Two weekends ago, I performed a sector screen, as I do every weekend. Energy was one of the stronger sectors that I identified, but I felt that it was a bit extended. I went through about 300 energy charts and identified 30 pullback candidates. PDE was one of those, and once it hit my target, I entered.

Today's Trades:
Just as with PDE, two more stocks from my watchlist pulled back to good entry levels after strong breakouts.

I bought 600 shares of FCEL at $7.89. The stock has handled support, both the breakout point and the 200 day moving average, by printing a bullish engulfing candle. I expect the stock to challenge the recent high.

I bought 500 shares of HOC at $57.94. The stock has pulled back to supprt on diminishing volume. I have placed a loose stop at $55.90, under the 50 day moving average. The target is $62, which would mark a test of old highs.