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New Plays
Long Plays
Short Plays
None COL
  EXPD
  HOC
  SRCL

New Long Plays

None today.
 

New Short Plays

Rockwell Collins - COL - cls: 49.70 chg: -1.86 stop: 51.85

Company Description:
Rockwell Collins is a pioneer in the development and deployment of innovative communication and aviation electronics solutions for both commercial and government applications. (source: company press release or website)

Why We Like It:
Investors sold the news when COL reiterated their 2008 guidance today. The stock lost 3.6% and broke down under support at its 50-dma and the $50.00 mark. Volume was above average on the breakdown, which is bearish. We're suggesting bearish positions now with COL under $50.00. Our target is the $45.50 mark. FYI: A move under $49.00 will produce a new sell signal on the Point & Figure chart. The latest data only listed short interest at 1.3% of the float. Keep an eye on the DFI defense index. The DFI is moving lower but found short-term support at its 50-dma.

Picked on September 10 at $49.70
Change since picked: + 0.00
Earnings Date 10/30/08 (unconfirmed)
Average Daily Volume: 1.6 million

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Expeditors Intl. - EXPD - close: 34.76 chg: +1.10 stop: 36.05

EXPD is actually a new play from Tuesday night. We tried to minimize our risk with a tight stop but a late day spike on Wednesday hit our stop at $35.05. The general trend remains bearish and the current three-day consolidation looks like another bear flag. We are re-listing EXPD as a short. We would consider shorting it right here but with a stop loss at $36.05. Our target is the $30.15 mark. More aggressive traders may want to aim for support near $29.00. FYI: The P&F chart is bearish with a $22 target.

Picked on September 09 at $34.76 *re-listed
Change since picked: + 0.00
Earnings Date 11/04/08 (unconfirmed)
Average Daily Volume: 3.1 million

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Holly Corp. - HOC - cls: 27.71 chg: +0.83 stop: 27.55

Company Description:
Holly Corporation, headquartered in Dallas, Texas, is an independent petroleum refiner and marketer that produces high value light products such as gasoline, diesel fuel and jet fuel. (source: company press release or website)

Why We Like It:
At first glance it might look like HOC has hit bottom. Shares dipped toward support near $26.00 again and investors bought the dip for the fourth or fifth time in the last couple of months. Unfortunately for HOC news that Americans are cutting back on demand and the world is heading into a global slowdown should continue to put pressure on the refiners. We are suggesting readers open bearish positions on a new low. Our trigger to open plays is $25.75. If triggered we have two targets. Our first target is $22.75. Our second target is $20.50.

Picked on September xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 11/05/08 (unconfirmed)
Average Daily Volume: 1.2 million

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Stericycle - SRCL - cls: 57.44 chg: +1.36 stop: 58.51

Company Description:
Our services include medical waste disposal and sharps disposal management, product recalls and retrievals, OSHA compliance training, pharmaceutical recalls and medical device returns, healthcare on-site waste stream management, pharmaceutical waste disposal, medical safety product sales, and high volume notification services. (source: company press release or website)

Why We Like It:
SRCL spent about six weeks trading sideways in the $58.00-61.00 zone. A few days ago the stock broke down from its trading range. Bulls have been trying to defend it at $56.00 and its 200 and 100-dma. Yet the bounces are fading into a pattern of lower highs, which is bearish. This is an aggressive bearish entry point with SRCL above $56.00. More conservative traders may want to wait for a drop to $55.85 to open positions. Or more conservative traders might want to use a tight stop loss above $58.00. We're suggesting bearish positions now with a stop loss just above the 10-dma. Our target is the $52.00-50.00 zone.

Picked on September 10 at $57.44
Change since picked: + 0.00
Earnings Date 10/23/08 (unconfirmed)
Average Daily Volume: 635 thousand
 

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