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DTG None
HIH  

New Long Plays

Dollar Thrifty - DTG - cls: 45.83 chg: +2.09 stop: 44.90

Company Description:
Dollar Thrifty Automotive Group, Inc. is a Fortune 1000 Company headquartered in Tulsa, Oklahoma. Driven by the mission "Value Every Time," the Company's brands, Dollar Rent A Car and Thrifty Car Rental, serve value-conscious travelers in approximately 70 countries. Dollar and Thrifty have over 800 corporate and franchised locations in the United States and Canada including operations at most major airports. The Company's more than 8,500 employees are located mainly in North America, but global service capabilities exist through an expanding international franchise network. (source: company press release or website)

Why We Like It:
Shares of DTG displayed a lot of relative strength on Thursday with a 4.7% gain on strong volume. The stock broke out, on an intraday basis, above resistance at $46.00, which is the top of its trading range. Shares did close over its 100-dma. We suspect that the next move will be higher. However, we want more confirmation so we're suggesting a trigger above Thursday's high at $46.26. If triggered our target is the $49.75-50.00 range. Currently the Point & Figure chart is bullish with a $53 target. Please note that the jobs report is due out tomorrow morning before the market open. More conservative traders may want to wait a while to see how the markets are responding to the news before considering new positions.

Picked on July xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 07/25/06 (confirmed)
Average Daily Volume: 162 thousand

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Highland Hospitality - HIH - cls: 13.76 chg: +0.18 stop: 13.25

Company Description:
Highland Hospitality Corporation is a self-advised lodging real estate investment trust, or REIT, focused on hotel investments primarily in the United States. The Company currently owns 26 hotel properties with an aggregate of 8,127 rooms in 13 states, Washington, DC and Mexico. (source: company press release or website)

Why We Like It:
A good number of the REITs and real-estate stocks are doing pretty well. Shares of HIH caught our eye as the stock looks poised to breakout from its month-long consolidation pattern. The MACD on the daily chart is nearing a new buy signal and short-term technicals are already turning positive. Aggressive traders may want to open positions right here. We want to see the breakout occur so we're suggesting a trigger to go long at $13.85. If triggered our target is the $14.90-15.00 range. Please note that the jobs report is due out tomorrow morning before the market open. More conservative traders may want to wait a while to see how the markets are responding to the news before considering new positions.

Picked on July xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 07/27/06 (confirmed)
Average Daily Volume: 388 thousand
 

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