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LeapFrog Enterprises Inc. Leaping up


LF_Ticker
The next long on the list is LF, LeapFrog Enterprises Inc. (NYSE:LF). LF is in the toys sector and trades on the NYSE. We like LF as a long because the stock has been in an uptrend and moved up powerfully in May. After a move like that you would expect a bit of a pullback but the stock has managed to stay strong and trade in a narrow consolidation range since then. Today the stock moved up and touched the recent highs, ending the day within striking distance of the highs if we get further upside momentum. If the stock manages to trade above $10.20, we will look to buy it as an intra-day long with a price target of $10.50. Daily chart of LF is below:
LF_chart

Colin Macleod

Colin Macleod is a Professional Equities, Options, Futures, Momentum Day Trader & Entrepreneur.

Colin Macleod – who has written posts on Stock Market Basics.