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Akamai - AKAM - close: 33.16 chg: +0.14 stop: 30.99

Company Description:
Akamai is the leading global service provider for accelerating content and business processes online. Thousands of organizations have formed trusted relationships with Akamai, improving their revenue and reducing costs by maximizing the performance of their online businesses. Leveraging the Akamai EdgePlatform, these organizations gain business advantage today, and have the foundation for the emerging Web solutions of tomorrow. (source: company press release or website)

Why We Like It:
The afternoon rebound in the NASDAQ composite was pretty strong thanks to a big rebound in the semiconductor sector. AKAM, while not a semi-stock, joined the tech rebound and closed back in the green. Traders bought the dip right at its rising 100-dma and volume on the session was way above the daily average. This looks like a short-term bullish reversal. We are going to suggest going long with AKAM above $33.00 but please note this is an aggressive, higher-risk play. The technicals are showing a lot of mixed signals with both buy and sell signals. We're going to set a stop under today's low. Our short-term target is going to be the $36.00-36.50 range. We do not want to hold over the July 26th earnings report. If we do not see some follow through higher on today's bounce we'll probably exit early!

Picked on July 11 at $33.16
Change since picked: + 0.00
Earnings Date 07/26/06 (confirmed)
Average Daily Volume: 3.6 million


Newmarket Corp. - NEU - cls: 51.01 chg: +1.30 stop: 47.99

Company Description:
NewMarket Corporation through its subsidiaries, Afton Chemical Corporation and Ethyl Corporation, develops, manufactures, blends, and delivers chemical additives that enhance the performance of petroleum products. From custom-formulated chemical blends to market-general additive components, the NewMarket family of companies provides the world with the technology to make fuels burn cleaner, engines run smoother and machines last longer. (source: company press release or website)

Why We Like It:
The weeklong sideways consolidation in NEU appears to be coming to an end. The stock bounced strongly near its 10-dma and 50-dma this morning. While the close back above the $50 level is a positive we are suggesting traders wait for a rally past the $52.00 mark. Our trigger to go long will be $52.01. More conservative traders may want to wait for a move past the early June highs near $52.50. If triggered our target will be the $57.50-60.00 range. Currently the P&F chart points to a $57.00 target. Please make sure you don't confuse NEU with NUE (Nucor). We do not want to hold over NEU's earnings report at the end of the month.

Picked on July xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 07/31/06 (unconfirmed)
Average Daily Volume: 401 thousand

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