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ANSS
CTL 

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ANSYS Inc. - ANSS - close: 43.06 change: -0.49 stop: 40.89

Company Description:
ANSYS, Inc., founded in 1970, develops and globally markets engineering simulation software and technologies widely used by engineers and designers across a broad spectrum of industries. The Company focuses on the development of open and flexible solutions that enable users to analyze designs directly on the desktop, providing a common platform for fast, efficient and cost- conscious product development, from design concept to final-stage testing and validation. Headquartered in Canonsburg, Pennsylvania, U.S.A., with more than 25 strategic sales locations throughout the world, ANSYS, Inc. and its subsidiaries employ approximately 600 people and distribute ANSYS products through a network of channel partners in over 40 countries. (source: company press release or website)

Why We Like It:
ANSS was a big winner in November. The stock soared early in November following its earnings report. Then shares spent the last three weeks consolidating its gains. Fortunately, it looks like that consolidation is almost over. Technically it looks like ANSS has produced a bull-flag pattern and Thursday's rally was a breakout and buy signal. However, we want to see some confirmation. The stock has some resistance at $44.00 so we'll suggest a trigger at $44.05 to open the play. If triggered we'll target a move into the $49-50 range by the end of January. The Point & Figure chart currently points to a $60 target.

Picked on December xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 02/02/06 (unconfirmed)
Average Daily Volume: 153 thousand

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CenturyTel Inc. - CTL - close: 33.28 change: +0.57 stop: 32.39

Company Description:
CenturyTel delivers advanced communications with a personal touch. The Company, included in the S&P 500 Index, is a leading provider of consumer and business communications solutions in rural areas and small to mid-size cities in 26 states. (source: company press release or website)

Why We Like It:
CTL has spent the last seven weeks consolidating sideways under resistance at the 200-dma. It's also noteworthy that the stock is rebounding from a test of long-term support dating back to 2002. In the last couple of weeks the consolidation has narrowed and Friday's session produced a bullish engulfing candlestick pattern. We suspect the stock is poised to breakout over resistance at the 200-dma and the $33.50 level. We are going to suggest a trigger to go long the stock at $33.55. If triggered we'll target a run to $36.00 before its January earnings report. The Point & Figure chart points to a $49 target.

Picked on December xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 01/26/06 (unconfirmed)
Average Daily Volume: 855 thousand
 

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