Weekend Update - Possible New Plays: FAST, GRMN, HHS, LSS, & PZZA

Fastenal Co. (FAST) - Daily chart
The daily chart shows that FAST is on the verge of breaking out of the triple top ascending triangle. Wait for the alert for the trigger on this stock. Indicators and oscillators are bullish and the stochastics are flagging. Wait for the alert for the trigger on this stock.

Garmin Ltd. (GRMN) - Daily Chart
The daily chart of GRMN illustrates that has it is in a large ascending triangle pattern. Today GRMN is bull flagging and is backtesting it's 13 EMA line at $65.15. If you are already long, you need to know that $61.00 is the up trend line. Should $61.00 hold you can then buy more. The break out is above $70.00. The short interest is high, as it is in so many stocks. All indicators are bullish and the stochastics are bull flagging. The chart is bullish. Again, wait for the alert.

Harte Hanks, Inc. (HHS) - Daily Chart
The daily chart illustrates that HHS is forming a possible bullish pennant. It has 2 huge up days, and it has been trading sideways on declining volume. This could be a really good short term trade. I am looking to go long if it takes out $29.10. Stochastics are coiling. Again, wait for the alert.

Lone Star Tech, Inc. (LSS)- Daily Chart
The daily chart illustrates that it is in a large ascending triangle pattern. Within that pattern you can also see a cup and handle pattern. LSS has recently hit the up trend line at $48.18. It is oversold and has been consolidating. As long as LSS holds its lows it is bullish. Indicators and oscillators are still bearish, but look to be forming their lows. Again, wait for the alert.

Papa Johns International Inc., (PZZA)
The daily chart of PZZA illustrates that it is in the process of forming an ascending triangle. PZZA seems to have made it's lows at $30.87. It has been stalling but holding the uptrend line nicely. PZZA appears to be breaking out of its recent down trend channel. However, the real breakout will not occur until it takes out resistance above it's old high at $35.74. This will confirm the pattern breakout of it's ascending triangle. Again, wait for the alert.