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NEW PLAYS TABLE-->
New Plays
Long Plays
Short Plays
APCC LSTR
ATYT MEDI

New Long Plays

Amer. Power Conv. - APCC - close: 23.57 change: +0.56 stop: 21.69

Company Description:
Founded in 1981, American Power Conversion is a leading provider of global, end-to-end solutions for real-time infrastructure. APC's comprehensive products and services for home and corporate environments improve the availability, manageability and performance of sensitive electronic, network, communication and industrial equipment of all sizes. APC offers a wide variety of products for network-critical physical infrastructure including InfraStruXure(TM), its revolutionary architecture for on-demand data centers, as well as physical threat management products through the company's NetBotz division. These products and services help companies increase the availability and reliability of their IT systems. Headquartered in West Kingston, Rhode Island, APC reported sales of $1.7 billion for the year ended December 31, 2004, and is a Fortune 1000, Nasdaq 100 and S&P 500 Company. (source: company press release or website)

Why We Like It:
APCC is a breakout play. The stock has been consolidating sideways between $21.75 and $23.00 for the last five weeks. In the last few days the stock has broken out through the top of its trading range, its five-month trendline of resistance, and now technical resistance at its exponential 200-dma. We are suggesting long positions in the $23.00-24.00 range. Our end of January target is the $26.50-27.00 range. We do not want to hold over the early February earnings report.

Annotated chart:

Picked on January 08 at $23.57
Change since picked: + 0.00
Earnings Date 02/02/06 (unconfirmed)
Average Daily Volume: 1.5 million

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ATI Tech. - ATYT - close: 17.71 change: -0.18 stop: 15.99

Company Description:
ATI Technologies Inc. is a world leader in the design and manufacture of innovative 3D graphics and digital media silicon solutions. An industry pioneer since 1985, ATI is the world's foremost graphics processor unit (GPU) provider and is dedicated to deliver leading-edge performance solutions for the full range of PC and Mac desktop and notebook platforms, workstation, set-top and digital television, game console and handheld device markets. (source: company press release or website)

Why We Like It:
ATYT makes specialized semiconductors and other hardware for computer and video graphics. Thus shares have a nice under current behind them with the big rally in the SOX semiconductor index. The stock has spent the last several weeks consolidating sideways and this past week has seen ATYT produce a big bullish breakout. Most of the technicals are bullish and the P&F chart points to a $23 target. We want to suggest longs in the $17.00-18.00 range. If you're the patient type then wait for a dip into the $17.25 region. Our six to eight week target is the $19.90-21.00 range. More conservative traders may want to think about using a tighter stop near $16.50.

Annotated chart:

Picked on January 08 at $17.71
Change since picked: + 0.00
Earnings Date 03/23/06 (unconfirmed)
Average Daily Volume: thousand
 

New Short Plays

Landstar System - LSTR - close: 41.09 change: -0.78 stop: 42.01

Company Description:
Landstar System, Inc. delivers safe, specialized transportation and logistics services to a broad range of customers worldwide. The company identifies and fulfills shippers' needs through the coordination of individual businesses comprised of independent sales agents and third-party transportation capacity providers. Landstar's carrier group, which is comprised of Landstar Gemini, Inc., Landstar Inway, Inc., Landstar Ligon, Inc., Landstar Ranger, Inc. and Landstar Carrier Services, Inc., delivers excellence in complete over-the-road transportation services. Landstar Global Logistics, Inc., which is comprised of Landstar Express America, Inc. and Landstar Logistics, Inc., provides international and domestic multimodal transportation (over-the-road, ocean, air and rail), expedited, warehousing and contract logistics services. All Landstar operating companies are certified to ISO 9001:2000 quality management system standards. Landstar System, Inc. is headquartered in Jacksonville, Florida. (source: company press release or website)

Why We Like It:
Do you remember Jim's wrap from a couple of weeks ago where he reminded us how January is usually not kind to the transportation sector. The group has been noticeably absent from last week's rally. Shares of LSTR appear to have peaked and are nearing a breakdown of its six-month rising channel. We are suggesting that traders use a trigger to short the stock at $39.95, which is under support in the $40.00-40.50 region. If triggered we'll target a decline into the $36.50-36.00 zone above its simple 200-dma.

Picked on January xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 02/02/06 (unconfirmed)
Average Daily Volume: 406 thousand

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MedImmune - MEDI - close: 34.49 change: -0.51 stop: 35.41

Company Description:
MedImmune strives to provide better medicines to patients, new medical options for physicians, rewarding careers to employees, and increased value to shareholders. Dedicated to advancing science and medicine to help people live better lives, the company is focused on the areas of infectious diseases, cancer and inflammatory diseases. With more than 2,000 employees worldwide, MedImmune is headquartered in Maryland. (source: company press release or website)

Why We Like It:
MEDI is another stock who has been absent in the market's weeklong rally. Shares have been struggling to breakout over resistance near $37.00 for the past couple of months and it looks like bulls are giving up. The weekly chart's technicals are flashing new sell signals. We are suggesting that traders use a trigger at $33.45 to open shorts. The stock has support near $33.50-33.60 so this way we can catch a breakdown. If triggered we'll target a decline into the $30.50-30.00 range above its 200-dma. We do not want to hold over the early February earnings report.

Picked on January 0x at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 02/02/06 (unconfirmed)
Average Daily Volume: 2.1 million
 

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