Option Investor
New Plays
Printer friendly version
New Plays
Long Plays
Short Plays

New Long Plays

None today.

New Short Plays

Ansoft Corp. - ANST - close: 32.71 chg: -1.59 stop: 35.01

Company Description:
Ansoft is a leading developer of high-performance electronic design automation (EDA) software. Engineers use Ansoft software to design state-of-the-art products, such as electromechanical components and systems, hybrid-electric vehicles, drive-by-wire systems, power electronics, wireless products, integrated circuits (ICs) and printed circuit boards (PCBs). Ansoft markets its software worldwide through its own direct sales force and has comprehensive customer-support and training offices throughout North America, Asia and Europe. (source: company press release or website)

Why We Like It:
The upward momentum in ANST has stalled. Daily technicals have turned bearish and its weekly chart shows a new MACD sell signal. Looking at the daily chart you can see the failed rally near $36 in early January. After a couple of weeks of consolidating under the $35 mark the stock is now breaking down. Today's 4.6% loss was fueled by volume more than double the daily average and shares closed under technical support at the 50-dma. We would suggest shorts here and under $33.85. Our target is the 200-dma in the 27.70-28.00 range. There is potential support at the 100-dma (31.18) and the $30.00 level so it could be a bumpy ride lower. On a side note, a move under $31.00 would produce a new P&F chart sell signal. We do not want to hold over the mid February earnings report.

Picked on January 19 at $32.71
Change since picked: + 0.00
Earnings Date 02/14/06 (unconfirmed)
Average Daily Volume: 104 thousand

Premier Investor New Play Archives