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AZZ None

New Long Plays

AZZ Inc. - AZZ - close: 34.10 change: +1.83 stop: 30.95

Company Description:
AZZ is a recognized world leader in engineering and manufacture of electrical and industrial products. (source: company press release or website)

Why We Like It:
AZZ has broken out from its four-week bearish channel after consolidating along round-number support near $30 for a week. Technical indicators have turned positive again. We're suggesting long positions now or on a dip back toward $32, which looks like very short-term support. Our initial target is the $37.90-38.00 range but more aggressive traders could aim for $40.00. FYI: The latest data puts short interest at a relatively high 7.7% of AZZ's very small 11-million share float. Odds that we're seeing or could see a short squeeze are pretty good.

Picked on October 31 at $34.10
Change since picked: + 0.00
Earnings Date 01/03/08 (unconfirmed)
Average Daily Volume: 200 thousand


XTO Energy - XTO - cls: 66.38 change: +1.90 stop: 63.95

Company Description:
XTO Energy Inc. is a domestic natural gas producer engaged in the acquisition, exploitation and development of quality, long-lived oil and natural gas properties in the United States. Its properties are concentrated in Texas, New Mexico, Arkansas, Oklahoma, Kansas, Wyoming, Colorado, Alaska, Utah, Louisiana, Mississippi and Montana. (source: company press release or website)

Why We Like It:
Crude oil looks like it's on a collision course with $100 a barrel. With this much momentum in the commodity we are starting to see some bullish patterns in the oil stocks again. More aggressive traders may want to buy XTO right now. We want to see a new high. We're suggesting a trigger to open plays at $67.25. If triggered our target is the $72.50-75.00 range. The P&F chart is bullish with an $89 target.

Picked on October xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 01/21/08 (unconfirmed)
Average Daily Volume: 3.3 million

New Short Plays

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