Technical Trade Alerts: China Agritech Inc. (CAGC), EnergySolutions Inc. (ES)

[We'll repeat it again below, but just to be sure, we suggest you lock in the 105% win on Angiotech Pharmaceuticals. The stock took off today, and we don't want to let this one slip away while we're in triple-digit territory. See below.] 

You wanted it - you got it. Though we still intend to use the newsletter as a way of delivering market commentary and forecasts in addition to our 'best of the best' trading ideas, today's edition is pulling double duty to (1) let you know about some site and newsletter updates, as well as to (2) whet your appetite with a handful of new trading ideas. 

As you've certainly seen by now, the website as well as our newsletter have been going through some major overhauls... changes requested by you. 

In short, we're now giving you plenty of 'meat' you can trade and directly make money with. Too many sites focus only on garnishments - or theory - without giving you any actionable ideas. We hope we stick out like a sore thumb in that regard. 

There's not really a lot you have to know or do to make it all happen, as we're going to still send e-mails as needed. You'll want to bookmark these three web pages though: 

• Our Trading Alerts page - Everything we've ever recommended, broken down into current or closed trades. 
• Our Community page - We've got some really sharp folks finding stocks, trends, and ideas nobody else is talking about. 
• Our Blog - We can't put everything in the newsletter, but we can blog about trades and trends to out heart's content. (Frankly, this is where some of the juiciest detailed info can be found.) 

Trading Ideas

I'd be kidding everyone if I said I didn't want a couple more bearish/shorting ideas to put on the plate. The bear sunk its teeth back into the bulls hide quite a bit today, and as I suggested early last week, I see more 'down' in store before more 'up' materializes. It'd just be nice to be able to go with the flow more than going against it.

Nevertheless, one of our three trading ideas today is a short sale, making the other two ideas long/bullish trades. If you decide to do anything with them, just be savvy about allocations and keep the bigger tide in mind.

In no particular order....

IdeaEdge Inc. (IDAE) 

This stock has only been knocking down resistance levels since late April, but it's been doing so pretty reliably (and on some decent volume). 

I'm not a big fan of today's strained gain, and on tepid volume compared to the last couple of weeks. On the other hand, IDAE is clearly attempting to take a new path - the move is even more compelling on a weekly chart.

Don't go fishing for a rationalized reason IdeaEdge shares should go higher, as you won't find it. The company's not profitable, and it doesn't appear to me profits are in store for the near future. It's strictly a speculative trade based on the current chart. I'd suggest getting out at the first sign of a slow-down. 

I can't say I'd blame you for holding off on an entry too; your call if you want to pay at what looks like a short-term high.

China Agritech Inc. (CAGC) 

This is more of a longer-term idea, though technically speaking I'm going to classify it as a speculative trade. 

I'm only halfway joking when I say the bulk of this year's and next year's biggest winners are going to have 'China' somewhere in their moniker. If it comes from the agriculture sector, even better - most fertilizer stocks seem to be in recovery mode at this point as well.

The downside to owning CAGC is limited information. ADRs are tough enough to find information for, but when it's a bulletin board ADR, geez. However, according to Reuters, the company's P/E is 3.86, while net margins for the last twelve months have rolled in at 21.7%. I'll take it. 

EnergySolutions Inc. (ES) 

If the name rings a bell, it's because we actually mentioned EnergySolutions as a short candidate on Thursday. We didn't pull the trigger at the time, as we only wanted to watch and see if the breakdown was going to take hold. Well, it looks like it has.

Today's close at $8.24 was the lowest close since Thursday's strong dip, and the third day ES closed under a key support line at $9.20. It's also the first close under support at $8.30, not to mention below a bunch of key moving averages. We're going to take it all at face value.

Those are all the new trades for now, but in the interest of maintaining everyone's sanity (mostly mine), I want to take a couple of trades off the table. Let's axe the following:

• Alberta Star Dev. (ASXSF) - Let's bail on this one before the loss turns from a small one into a big one; we're down about a nickel. ASXSF just never got any traction after that brilliant burst in late April. 
• CCF Holding Co. (CCFH) - This one's currently at a break-even, so no harm - no foul. In retrospect, there's just not enough volume here for any of us to do anything with. 
• Angiotech Pharmaceuticals Inc. (ANPI) - There's not a thing wrong with it, other than the fact that it might be overbought after today's 66% gain. We're now up about 105% from our entry at 55 cents, and we think that's about as far as we want to press our luck. Take it and run.