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New Plays
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ARW None
OXPS  

New Long Plays

Arrow Elect. - ARW - close: 35.89 change: +0.67 stop: 33.90

Company Description:
Arrow Electronics is a major global provider of products, services, and solutions to industrial and commercial users of electronic components and computer products. (source: company press release or website)

Why We Like It:
ARW is trading near five-year highs after reporting better than expected earnings for the latest quarter. The company beat expectations by five cents and guided higher. The stock has a relatively steady long-term bullish trend and a bullish P&F chart. We see Friday's bounce from broken resistance now new support at the $35.00 level as a new entry point for longs. Our target is the $39.00-40.00 range over the next eight to ten weeks. We'll start our stop loss at $33.90 but more conservative traders may want to use a tighter stop near $34.80.

Picked on February 26 at $35.89
Change since picked: + 0.00
Earnings Date 02/22/06 (confirmed)
Average Daily Volume: 587 thousand

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OptionsXpress - OXPS - close: 31.95 change: +1.15 stop: 29.95

Company Description:
optionsXpress Holdings, Inc. provides innovative securities brokerage products and services for investor education, strategy evaluation and trade execution. Through its subsidiaries optionsXpress, an online brokerage, and brokersXpress, an online trading and reporting platform for independent investment professionals, the company offers a wide range of investor tools, outstanding customer service and competitive commissions. (source: company press release or website)

Why We Like It:
Brokerage stocks are on the run and OXPS is an online broker that is leading the charge higher! Shares closed at new all-time highs and the momentum doesn't seem to be slowing down. The MACD just produced a new buy signal and volume on Friday's rally was well above the daily average. Traders have a choice. They can launch positions on a breakout over $32.00 or look for a dip back toward $31.00, which as broken resistance should be short-term support. Our target will be the $34.75-35.00 range.

Picked on February 26 at $31.95
Change since picked: + 0.00
Earnings Date 04/27/06 (unconfirmed)
Average Daily Volume: 1.0 million
 

New Short Plays

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