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New Plays
Long Plays
Short Plays
ADBE None
AET  
EBAY  
ISCA  

New Long Plays

Adobe Systems - ADBE - close: 40.27 change: +1.02 stop: 38.34

Company Description:
Adobe revolutionizes how the world engages with ideas and information - anytime, anywhere and through any medium. (source: company press release or website)

Why We Like It:
Shares of software maker ADBE have been showing relative strength the last few days. ADBE has been out performing the software sector index and Friday saw ADBE breakout over technical resistance at its 100-dma, 50-dma, and the $40.00 mark. Volume on Friday's bullish move was well above the norm, which tends to be a bullish signal. Last week's rally also pushed ADBE above its seven-week trendline of resistance (see chart). We are suggesting long positions with ADBE above $39.00. Readers can choose to buy the stock now or look for a potential pull back into the $39.50-39.00 zone as a new entry point. Our short-term target is the $43.00-44.00 range. More aggressive traders may want to aim higher since the P&F chart points to a $51 target.

Picked on February 18 at $40.27
Change since picked: + 0.00
Earnings Date 03/15/07 (unconfirmed)
Average Daily Volume: 5.1 million

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Aetna - AET - close: 45.61 change: +0.57 stop: 42.95

Company Description:
Aetna is one of the nation's leading diversified health care benefits companies, serving approximately 35.9 million people with information and resources to help them make better informed decisions about their health care. (source: company press release or website)

Why We Like It:
Healthcare stocks were the market leaders last week as the HMO index broke out to new all-time highs. Sector strength combined with a rebound in the major market averages helped shares of AET bounce back from its post-earnings depression. The last couple of days have seen AET breakout over resistance in the $44.00-44.35 region and push past potential resistance at the top of its gap down from back in April 2006. Volume has been rising on the rally, which is normally a positive development. Friday's volume was almost three times the norm. We are suggesting long positions in AET with the stock above $44.00. Readers can choose to go long the stock now or wait for a possible pull back toward the $44.50-44.00 region. Our target is the $49.00-50.00 range. FYI: The P&F chart points to a $65 target.

Picked on February 18 at $45.61
Change since picked: + 0.00
Earnings Date 05/10/07 (unconfirmed)
Average Daily Volume: 2.8 million

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eBay Inc. - EBAY - close: 33.62 change: -0.04 stop: 32.45

Company Description:
Founded in 1995, eBay pioneers communities built on commerce, sustained by trust and inspired by opportunity. eBay enables e-commerce on a local, national and international basis with an array of websites -- including the eBay Marketplaces, PayPal, Skype, Kijiji, Rent.com and Shopping.com -- that bring together millions of buyers and sellers every day. (source: company press release or website)

Why We Like It:
The NASDAQ composite has been consolidating under the 2500 level and looks like it's ready to breakout even though it may take a couple of more days as investors digest the negative SNDK news from Friday night. We suspect that if the NASDAQ can breakout it will be a strong enough catalyst for EBAY to breakout over resistance at the $34.00 level. Our suggested plan is to use a trigger on EBAY at $34.15 to buy the stock. If triggered our target is the $37.50-38.00 range.

Picked on February xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 04/25/07 (unconfirmed)
Average Daily Volume: 18.3 million

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Intl. Speedway - ISCA - cls: 53.97 chg: +0.51 stop: 52.64

Company Description:
International Speedway Corporation is a leading promoter of motorsports activities, currently promoting more than 100 racing events annually as well as numerous other motorsports-related activities. The Company owns and/or operates 13 of the nation's major motorsports entertainment facilities. (source: company press release or website)

Why We Like It:
ISCA has been consolidating sideways for the last two and a half months. The recent strength suggests the consolidation may be over soon. Aggressive traders might want to buy Friday's bounce from the rising 10-dma or look for a move over $54.00. We want to see a breakout past the November 2006 high near $54.35 so we're suggesting a trigger to buy the stock at $54.51. If triggered our target is the $58.50-60.00 range. The P&F chart looks pretty bullish with a breakout over resistance and a buy signal that points to a $75 target.

Picked on February xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 04/26/07 (unconfirmed)
Average Daily Volume: 117 thousand
 

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