Option Investor
New Plays
Click here to email James
HAVING TROUBLE PRINTING?
Printer friendly version
New Plays
Long Plays
Short Plays
None ALL
  KFT

New Long Plays

None today.
 

New Short Plays

Allstate - ALL - close: 49.31 change: -0.88 stop: 51.51

Company Description:
The Allstate Corporation is the nations largest publicly held personal lines insurer. (source: company press release or website)

Why We Like It:
ALL has broken down under its two-month trendline of support and technical support at its 50-dma. This breakdown follows multiple failed rallies at its 200-dma overhead. ALL does not move very fast but the trend definitely looks like it's turned bearish again. We're suggesting a stop loss at $51.51 but more conservative traders might want to put theirs near $51.00 instead. Our target is the $45.25-45.00 zone.

Picked on June 11 at $49.31
Change since picked: + 0.00
Earnings Date 07/23/08 (unconfirmed)
Average Daily Volume: 3.9 million

---

Kraft Inc. - KFT - close: 30.78 change: -0.46 stop: 31.85

Company Description:
For more than a century, Kraft has offered delicious foods and beverages that fit the way consumers live. Today, we are turning the brands that consumers have lived with for years into brands they can't live without. Millions of times a day in more than 150 countries around the world, consumers reach for their favorite Kraft brands. (source: company press release or website)

Why We Like It:
Last night I mentioned KFT as a trading candidate in my play editor's note. Today's market weakness has pushed KFT through support at its four-month trendline and at its 100-dma near $31.00. While shares are arguably oversold this is an entry point for shorts. We're suggesting a stop loss at $31.85. Our target is $29.00. Our time frame is three or four weeks.

Picked on June 11 at $30.78
Change since picked: + 0.00
Earnings Date 07/30/08 (unconfirmed)
Average Daily Volume: 7.8 million
 

Premier Investor New Play Archives