April 9th - ROSE INCY VCLK AQNT

Cramer's first recommendation was Rosetta Resources, Inc. (ROSE) (Click the link to check out my new "Instant Homework" for ROSE).

Closing Price: $21.06
After Hours Most Recent Price: $22.67
Percent Increase at Most Recent Price: 7.6%
Sector: Basic Materials
Days to Cover: 20.7
Short %: 5.73 %
% Held by Insiders: 17.27 %
% Held by Institutions: 52.20 %
50 Day Moving Average: $19.09
200 Day Moving Average: $18.11


The price for ROSE has shot above the top band on the chart which was at $22.28. The RSI was showing close to overbought levels as the stock was leveling off after a big run up. The days to cover the current short position is pretty high even on a small actual percentage short, but this is because of the low trading volume of the stock. In the end, this is an oil/gas stock which I avoid due to the volatility of the underlying commodity price of the stock. A gambler could ignore the potential news about oil and look for the stock to come back towards the top band at $22.28 early tomorrow morning.

Next Cramer recommended Incyte Corporation (INCY)

Closing Price: $7.02
After Hours Most Recent: $7.71
Percent Increase at Most Recent Price: 9.8%
Sector: Healthcare
Days to Cover: 9.3
Short %: 10.81 %
% Held by Insiders: 1.53 %
% Held by Institutions: 77.50 %
50 Day Moving Average: $6.76
200 Day Moving Average: $5.45


Cramer tried to warn people not to take this stock up to $8, so it would only make sense for a short as close to that number as possible for a quick pullback at tomorrow's open. The stock closed above the top band already today at $6.97, so this push after hours takes us well above that now. The trick with the cheaper picks is to only look for a small drop because a small drop equals a pretty good percentage drop.

Finally Cramer looked at 2 potential takeover targets in ValueClick Inc. (VCLK) and aQuantive Inc. (AQNT)

VCLK
Closing Price: $28.00
After Hours High: $ 29.80
Percent Increase at High: 6.43%
After Hours Most Recent Price: $ 28.85
Percent Increase at Most Recent Price: 3.04%
Sector: Services
Days to Cover: 5.0
Short %: 10.05 %
% Held by Insiders: %
% Held by Institutions: %
50 Day Moving Average: $26.49
200 Day Moving Average: $21.04

The price was walking the top band before the Cramer recommendation showing some upside strength.

AQNT
Closing Price: $28.04
After Hours High: $ 28.92
Percent Increase at High: 3.14%
After Hours Most Recent Price: $ 28.87
Percent Increase at Most Recent Price: 2.96%
Sector: Technology
Days to Cover: 7.9
Short %: 11.27 %
% Held by Insiders: 7.11 %
% Held by Institutions: %
50 Day Moving Average: $26.80
200 Day Moving Average: $24.94

AQNT on the other hand just took a breather from walking the top band, but the after hours action has taken the price right back to the top band area of $28.82. Since both this and VCLK are takeover plays, the prices might hold a little better then usual as people may have the patience to wait these plays out. Given their locations within the bollinger bands, VCLK is in the better shorting position since it is well above the top band. Taking a look at the tech sector tomorrow morning (GOOG, YHOO etc) could give an idea if there will be extra sector strength behind these picks or not.