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  ZBRA

New Long Plays

None today.
 

New Short Plays

General Motors - GM - close: 25.90 chg: -1.85 stop: 27.41

Company Description:
General Motors Corp., the world's largest automaker, has been the global industry sales leader for 75 years. Founded in 1908, GM today employs about 327,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33 countries. (source: company press release or website)

Why We Like It:
There are a lot of mixed opinions about GM and where it's going. We think today's bearish reversal/failed rally and bearish engulfing candlestick just told us where the stock is heading short-term. Volume was pretty strong on today's turnaround. We are suggesting shorts with GM under $26.00. Our target is the $23.55-23.50 range. Bears will have to push GM through potential support at its 50-dma (near 24.86) and the 200-dma (near 23.97). We do not want to hold over the late July earnings report.

Picked on June 27 at $25.90
Change since picked: + 0.00
Earnings Date 07/26/06 (unconfirmed)
Average Daily Volume: 12.6 million

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Zebra Tech. - ZBRA - close: 32.91 chg: -0.48 stop: 34.05

Company Description:

(source: company press release or website)

Why We Like It:
Technology stocks are leading the way lower. We like ZBRA as a bearish candidate because shares are already in an established bearish channel and they just produced failed rally near the top border of that channel (see chart). Today's decline is also a breakdown below its short-term trendline of higher lows. The P&F chart looks very bearish with an $18 target. We are aiming for a decline into the $30.25-30.00 range. We do not want to hold over the July earnings report.

Picked on June 27 at $32.91
Change since picked: + 0.00
Earnings Date 07/26/06 (unconfirmed)
Average Daily Volume: 586 thousand
 

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