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New Plays
Long Plays
Short Plays
ACAP None
FWLT  
UIS  

New Long Plays

Amer.Phys.Cap. - ACAP - close: 49.47 change: +1.51 stop: 46.75

Company Description:
American Physicians Capital, Inc. is a regional provider of medical professional liability insurance focused primarily in the Midwest markets through American Physicians Assurance Corporation and its other subsidiaries. (source: company press release or website)

Why We Like It:
The IUX insurance sector index may not be moving much lately but some of the individual issues look poised to do well. Shares of ACAP have been consolidating for the last five months after peaking near the $50.00 level. Today the stock made another breakout attempt after reporting earnings that bested estimates by 16 cents a share. The volume behind today's move was more than double the daily average. Short-term technical oscillators are bullish and its MACD just produced a new buy signal. Meanwhile the P&F chart shows a buy signal with a $91 target. We are going to suggest a trigger to go long at $50.61, which is above the September high. If triggered we'll target a rally into the $54.85-55.00 range.

Picked on February xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 02/16/06 (unconfirmed)
Average Daily Volume: 53 thousand

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Foster Wheeler - FWLT - close: 48.15 chg: +1.47 stop: 45.35

Company Description:
Foster Wheeler Ltd. is a global company offering, through its subsidiaries, a broad range of engineering, procurement, construction, manufacturing, project development and management, research and plant operation services. Foster Wheeler serves the refining, upstream oil and gas, LNG and gas-to-liquids, petrochemical, chemicals, power, pharmaceuticals, biotechnology and healthcare industries. The corporation is based in Hamilton, Bermuda, and its operational headquarters are in Clinton, New Jersey, USA. (source: company press release or website)

Why We Like It:
The upward momentum in FWLT continues. The stock corrected a bit (more than 15%) after peaking in early February. Traders bought the dip near $44.00 and now its short-term technicals are turning higher again. The P&F chart never reversed its bullish pattern and continues to point to a $73 target. While today's bounce looks like a new entry point we want more confirmation. We're going to suggest a trigger to go long at $48.65. If triggered then we'll target a rally into the $53.70-55.00 range.

Picked on February xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 03/13/06 (unconfirmed)
Average Daily Volume: 900 thousand

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Unisys - UIS - close: 6.81 change: +0.29 stop: 6.25

Company Description:
Unisys is a worldwide technology services and solutions company. Our consultants apply Unisys expertise in consulting, systems integration, outsourcing, infrastructure, and server technology to help our clients achieve secure business operations. We build more secure organizations by creating visibility into clients' business operations. Leveraging Unisys 3D Visible Enterprise, we make visible the impact of their decisions - ahead of investments, opportunities and risks. (source: company press release or website)

Why We Like It:
The rebound in UIS continues. About four weeks ago UIS broke out above technical resistance at its simple 020-dma and it also broke out above its long-term trendline of resistance (see chart). Now after a month of consolidating sideways it looks like UIS is ready to take the next step higher. We are suggesting long positions at current levels although more conservative traders might want to wait for a little more confirmation and a move over $6.85 or even the $7.00 level. Our short-term target is a move into the $7.40-7.50 range. We'll put our stop loss under the recent low. More aggressive traders may want to consider a longer-term position and a higher target.

Picked on February 00 at $00.00
Change since picked: + 0.00
Earnings Date 01/26/06 (confirmed)
Average Daily Volume: thousand
 

New Short Plays

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