April 23rd - ATU DISCA

Cramer looked at some take-over plays from private equity players Actuant Corp. (ATU)

Closing Price: $52.50
After Hours High: $ 54.55
Percent Increase at High: 3.90%
After Hours Most Recent Price: $ 54.10
Percent Increase at Most Recent Price: 3.05%
Sector: Industrial Goods
Days to Cover: 12.4
Short %: 13.66 %
% Held by Insiders: 2.21 %
% Held by Institutions: %
50 Day Moving Average: $51.09
200 Day Moving Average: $49.06


Stock was at the top band of $52.57 at today's close and now well above it with the after hours price action. The volume after hours is pretty strong for a stock of this price, so this takeover segment Cramer is featuring this week might be a good one. The short percentage/days to cover is noticeable and could create some short covering, but I don't see why this won't have a Cramer effect drop tomorrow morning.

Finally Cramer recommended Discovery Holding Co. (DISCA)

Closing Price: $20.93
After Hours High: $ 21.60
Percent Increase at High: 3.20%
After Hours Most Recent Price: $ 21.52
Percent Increase at Most Recent Price: 2.82%
Sector: Services
Days to Cover: 10.2
Short %: 5.21 %
% Held by Insiders: 0.03 %
% Held by Institutions: 82.60 %
50 Day Moving Average: $17.97
200 Day Moving Average: $15.70


DISCA appeared to be cooling off a little from a recent run up from the $16 level as it was showing overbought signs according to the chart above (RSI above 70, MACD convergence). Hard to figure what the downside might be here since the top band of the bollingers hasn't been reached yet at $21.99, but $21 is a bit too close to the close from today for it to get that low (unless the overall market is very bad tomorrow). If the stock does somehow get to the top band area then a fall back to $21.50 would have some potential, otherwise there may not be too big a drop.