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New Plays
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LDSH None
LEE  
PDE  

New Long Plays

Ladish Co - LDSH - close: 34.39 change: -0.29 stop: 32.99

Company Description:
Ladish Co., Inc. is a leading producer of highly engineered, technically advanced components for the jet engine, aerospace and general industrial markets. Ladish is headquartered in Cudahy, Wisconsin with operations in Wisconsin, Oregon, Connecticut and Poland. (source: company press release or website)

Why We Like It:
LDSH has broken out past its six-month trendline of resistance and now shares are challenging resistance in the $35.00-35.50 region. The MACD on the weekly chart is about to produce a new buy signal and the P&F chart is bullish with a triple-top breakout buy signal and $44 target. Aggressive traders may want to consider going long on a rise past $35.10-35.15. We would rather wait for a rally past $35.50 so we're suggesting a trigger to go long the stock at $35.55. If triggered our target is the $39.90-40.00 range.

Picked on November xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 10/20/06 (confirmed)
Average Daily Volume: 241 thousand

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Lee Enter. - LEE - close: 29.30 change: +0.59 stop: 27.99

Company Description:
Lee Enterprises is a premier publisher of local news, information and advertising in primarily midsize markets, with 51 daily newspapers and a joint interest in five others, rapidly growing online sites and more than 300 weekly newspapers and specialty publications in 23 states. Lee's newspapers have circulation of 1.6 million daily and 1.9 million Sunday, reaching more than four million readers daily. Lee's online sites reach more than two million users, and Lee's weekly publications have distribution of more than 4.5 million households. (source: company press release or website)

Why We Like It:
Shares of LEE have been a big loser for investors since its peak back in 2004 and again in mid 2005. Yet shares appear to have turned things around. The stock bottomed back in September and have since broken through numerous levels of technical resistance. The stock's bullish trend of higher lows has been somewhat consistent. Today's rally (+2%) was fueled by news that the company's revenues rose in October. The gain today helped push shares past its simple and exponential 200-dma. We see it as a new entry point to go long the stock. Be prepared for some resistance near $30.00 but we expect LEE to press through it after a day or two. Our target is the $32.00 level.

Picked on November 21 at $29.30
Change since picked: + 0.00
Earnings Date 07/26/06 (unconfirmed)
Average Daily Volume: 232 thousand

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Pride Intl. - PDE - close: 30.10 change: +0.95 stop: 27.89

Company Description:
Pride International, Inc., headquartered in Houston, Texas, is one of the world's largest drilling contractors. The Company provides onshore and offshore drilling and related services in more than 25 countries, operating a diverse fleet of 277 rigs, including two ultra-deepwater drillships, 12 semisubmersible rigs, 28 jackups, 18 tender-assisted, barge and platform rigs, and 217 land rigs. (source: company press release or website)

Why We Like It:
Last week's sell-off in crude oil failed to have any lasting impact on the bullish trend in the oil sector. As a matter of fact we noticed several stocks in the group look poised to breakout soon. Leading the way in breakouts was PDE. Shares rose 3.2% on above average volume, which is bullish, to breakout over resistance at $30.00 and its 200-dma. Helping fuel the move was some company news last night about extending its semisubmersible contract. We are suggesting long positions with the stock above $30.00. Our target is the $33.00-34.00 range. The P&F chart has reversed into a new buy signal with a $41 target.

Picked on November 21 at $30.10
Change since picked: + 0.00
Earnings Date 10/26/06 (confirmed)
Average Daily Volume: 2.4 million
 

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