The talk about possible takeover speculation is pretty noticeable these days, especially after the MSFT swallowing LNKD deal announced this week. The chatter has since moved onto a possible suitor for TWTR. And while no one should make an investment decision solely based on M&A gossip if price action is behaving bullishly one should pay close attention. Below are some of the names that we profiled recently in our daily reports that have gained significant interest. The LNKD deal has obviously come to fruition and TWTR is acting well, taking out its 50 day SMA Wednesday. Names that have garnered less consideration are YELP and ZG. We now look at how we precisely profiled all four of these stocks.

In our Wednesday 5/25 Game Plan this is how we looked at LNKD. Stocks that can be bought as they take out bullish ascending triangle patterns are LNKD. LNKD is an internet play down 43% YTD and 35% over last one year period. Earnings have been soft with drops of 43.6, 10.5 and 18.6% on 2/5, 7/31 and 5/1/15. Rose 1.9 and 11% on 4/29 and 10/30. The stock is higher 4 of the last 6 weeks and the round number theory has come into play. Dating back to early February notice how the round par figure had no CLOSES below despite trading below it intraday for 4 straight sessions between 2/10-16. More recently the 130 number has acted as a roadblock with 6 sessions trading above intraday since 4/29 but no finishes above. Enter with a buy stop above a bullish ascending triangle pattern at 130.75.

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