New Long Plays
New Short Plays
Long Play Updates
CEC Entertainment - CEC - cls: 37.40 chg: -0.09 stop: 35.99
CEC dipped toward the $37.00 level this morning but it looks like traders were buying the dip (again). We remain bullish. Our target is the $39.85-40.00 range.
Picked on February 1 at $37.61
Claires Store - CLE - close: 32.30 change: +0.30 stop: 29.99
The rally continued for CLE today and shares closed at a new high. Traders can choose to open new long positions here or hope for a pull back toward the $31.50 region and buy the dip. Our target is the $33.90-34.00 range. The Point & Figure chart is more bullish with a $42.50 target.
Picked on February 14 at $32.00
Curtiss Wright - CW - close: 59.83 chg: +0.47 stop: 57.99
CW bounced strongly from its midday weakness and shares look poised to breakout over resistance at the $60.00 level. Our plan suggests traders go long at $60.35. More conservative traders might want to use a trigger like 60.51. If triggered we will target a run up into the $63.95-64.00 range.
Picked on February xx at $ xx.xx <-- see TRIGGER
Dominos Pizza - DPZ - close: 26.35 change: +0.06 stop: 25.55*new*
We only have a couple of more days and DPZ's upward momentum is lacking some oomph! We don't want to hold over the Tuesday morning earnings report and Monday is a market holiday. Thus we need to exit at the closing bell on Friday. We are going to try and reduce our risk by raising the stop loss to $25.55. We are not suggesting new plays.
Picked on February 13 at $26.16
LM Ericsson - ERICY - close: 35.46 chg: +0.64 stop: 33.93
ERICY continues to rebound strongly with a 1.8% gain today. Volume is rising and coming in above its average, which is bullish for the stock. Our target is the $36.75-37.00 range.
Picked on February 14 at $34.61
Helen of Troy - HELE - close: 19.97 chg: +0.18 stop: 19.45 *new*
HELE has reached its next test. Yesterday shares broke out over the top of its trading range near $19.60. Now the stock has reached round-number, psychological resistance at the $20.00 mark. We are not suggesting new plays. Our target has been the simple 200-dma and we need to adjust our tactical exit range to 20.75-20.85. We're also adjusting our stop loss to $19.45.
Picked on January 25 at $19.04
Novell Inc. - NOVL - close: 9.26 change: -0.04 stop: 8.99
Hmmm... our new play in NOVL is not off to the strongest start. We expected more follow through on yesterday's bounce. Instead shares failed to breakout over the 10-dma. NOVL may need to pull back and retest support near $9.00 (probably the 9.05-9.10 region) before moving higher again. More conservative traders may want to wait for a move over the 10-dma (9.36) before initiating positions. We're going to hold NOVL right up to its earnings report around the 2nd of March but we'll set a preliminary exit target at $10.25.
Picked on February 14 at $ 9.30
TASER Intl. - TASR - close: 10.43 change: -0.48 close: 9.49
TASR experienced some profit taking today with a 4.3% decline. The move also helped fill the gap from Tuesday morning. Watch the $10.00 level to act as new support. A dip and bounce from $10.00 could be used as a new entry point. Our target is the $11.85-12.00 range.
Picked on February 13 at $10.05
Short Play Updates
Ebay Inc. - EBAY - close: 40.64 change: +0.64 stop: 42.01
If you're short shares of EBAY then today's climb over the $40.00 mark and its simple 200-dma should be flashing a big "danger" sign for you! The stock does have overhead resistance at the exponential 200-dma (41.66) and again at the $42.00 level but this is definitely a warning sign. Both the INX Internet index and the NASDAQ Composite look poised to bounce higher and these will put positive pressure on shares of EBAY. We are not suggesting new plays. Conservative traders may want to exit early. Our target is the $35.75-36.00 range.
Picked on February 09 at
Flextronics - FLEX - close: 10.19 change: +0.21 stop: 10.35
Uh-oh! FLEX is suddenly out performing its peers in the semiconductor sector. We could not find any news or catalyst to explain today's gain. The bounce did stall under its current trend of lower highs (resistance) but that doesn't mean it will just roll over. You could argue that today's move looks like a bullish engulfing candlestick pattern. We are not suggesting new positions and more conservative traders may want to tighten their stops even further.
Picked on February 05 at $10.02
Oregon Steel - OS - close: 35.27 change: -0.49 stop: 38.05*new*
OS displayed some relative weakness today but don't be surprised if shares bounce back toward the simple 10-dma still overhead (near 37.81). We are going to lower our stop to $38.05, keeping it above the 10-dma. Our target is the 50-dma but we're planning a tactical exit in the $33.50-33.00 range.
Picked on February 09 at $36.99
Closed Long Plays
Closed Short Plays