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New Plays
Long Plays
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New Long Plays

None today.
 

New Short Plays

Blyth Inc. - BTH - close: 20.55 chg: +0.07 stop: 20.55

Company Description:
Blyth, Inc., headquartered in Greenwich, CT, USA, is a Home Expressions company competing primarily in the home fragrance, home decor, seasonal decorations and gift industry. The Company designs, markets and distributes an extensive array of candles, home fragrance products, decorative accessories, seasonal decorations and household convenience items, as well as tabletop lighting and chafing fuel for the Away From Home or foodservice trade. (source: company press release or website)

Why We Like It:
It looks like BTH's consolidation, with its bearish trend of lower highs, is nearing a new breakdown point. The stock is nearing support at the $20.00 level and we want to catch the breakdown. We'll suggest a trigger to short BTH at 19.79, which is under the late March low. If triggered we will target a decline into the $18.25-18.00 range since the $18.00 level has been support in the past.

Picked on April xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 05/24/06 (unconfirmed)
Average Daily Volume: 185 thousand

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Digital River - DRIV - close: 43.54 chg: -3.46 stop: 46.11

Company Description:
Digital River, Inc., a global leader in e-commerce outsourcing, builds and manages online businesses for more than 40,000 software publishers, manufacturers, distributors and online retailers. Its multi-channel e-commerce solution, which supports both direct and indirect sales, is designed to help companies of all sizes maximize online revenues as well as reduce the costs and risks of running an e-commerce operation. The company's comprehensive platform offers site development and hosting, order management, fraud prevention, export controls, tax management, physical and digital product fulfillment, multi-lingual customer service, advanced reporting and strategic marketing services. (source: company press release or website)

Why We Like It:
DRIV beat the earnings estimates on Thursday but offered disappointing guidance and investors decided to lock in some profits. The sell-off on Friday produced a technical breakdown through the bottom of DRIV's rising channel. Volume on the move was more than double the daily average. Traders should consider this an aggressive, high-risk play. The latest data puts short interest at 16% of DRIV's 34.4 million-share float. That much short interest raises the risk of a short squeeze. More conservative traders may want to wait for some confirmation. A breakdown under $42.40 or the 50-dma would be a good sign. We are going to target the $38.50-37.50 range.

Picked on April 30 at $43.54
Change since picked: + 0.00
Earnings Date 04/27/06 (confirmed)
Average Daily Volume: 1.1 million

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KLA-Tencor - KLAC - close: 48.16 chg: -1.00 stop: 50.01

Company Description:
About KLA-Tencor: KLA-Tencor is the world leader in yield management and process control solutions for semiconductor manufacturing and related industries. Headquartered in San Jose, Calif., the company has sales and service offices around the world. An S&P 500 company, KLA-Tencor is traded on the Nasdaq National Market under the symbol KLAC. (source: company press release or website)

Why We Like It:
In spite of a strong earnings report on Thursday shares of KLAC were unable to breakout over resistance at $50.00. This level of resistance is bolstered by technical resistance with its 50-dma and 200-dma. Considering the weakness in tech stocks this might be a good spot to consider shorts in KLAC. We are suggesting shorts in KLAC with the stock under $50.00. However, more conservative traders may want to wait for a decline under $47.74 before initiating positions. Our target is the $44.20-44.00 range. The P&F chart is bearish and points to a $37 target.

Picked on April 30 at $48.16
Change since picked: + 0.00
Earnings Date 04/27/06 (confirmed)
Average Daily Volume: 4.2 million
 

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