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Daily Newsletter, Friday, 04/19/2002

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PremierInvestor.net Newsletter          Weekend Edition 04-19-2002
                                                    section 1 of 3
Copyright  2001, All rights reserved.
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In section one:

Market Wrap:      WorldCom warning has telecom turnaround on hold.
Play-of-the-Day:  What Healthcare Rally?
Watch List:       JNJ, LIN, NVDA, PG, SBC, PGR, QCOM and more!
Market Sentiment: - please visit the website -

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U.S. Market Numbers
------------------------------------------------------------------
MARKET WRAP  (view in courier font for table alignment)
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        WE 4-19          WE 4-12           WE 4-5          WE 3-29
DOW    10257.11 + 66.29 10190.82 - 80.82 10271.64 -132.30  - 23.73 
Nasdaq  1796.83 + 40.64  1756.19 - 13.84  1770.03 - 75.32  -  6.04 
S&P-100  559.79 +  6.05   553.74 - 10.28   564.02 - 13.85  -  2.22 
S&P-500 1125.17 + 14.16  1111.01 - 11.72  1122.73 - 24.66  -  1.31 
W5000  10635.05 +129.08 10505.97 - 45.46 10551.43 -224.31  -  1.12  
RUT      517.40 +  1.94   515.46 + 17.70   497.76 -  8.70  +  4.07 
TRAN    2796.87 - 78.16  2875.03 + 96.62  2778.41 -139.55  + 40.69 
VIX       20.30 -  1.79    22.09 +   .96    21.13 +  1.81  -  0.30 
VXN       39.35 -  3.46    42.81 +  1.96    40.85 +  4.57  -  1.28 
TRIN       1.18             1.03             1.67             0.84 
TICK       -492             +460             +341             +793    
Put/Call    .79              .99              .78              .79  
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WE= week ended

===========
Market Wrap
===========

WorldCom warning has telecom turnaround on hold

Earlier this week we thought the rally taking place in telecom 
sectors was simply due to short covering as bears locked in 
gains.  Our thinking was that most bulls wouldn't be fishing for 
a bottom, as each prior bottom seemed to turn into an abyss.

Tonight's revenue warning from telecom giant WorldCom 
(NASDAQ:WCOM) $5.95 -6% has the stock trading down 17.6% from its 
close at $4.90 after the company warned investors that revenues 
would come in below expectations.

While the North American Telecom Index (XTC.X) managed to gain 
5.5% on the week, Tuesday's impressive rally saw half of those 
gains erased by the week's end.

Earlier today, Bell South (NYSE:BLS) $31.37 -4.06% reported 
earnings that missed estimates by a penny, then lowered revenue 
guidance with expectations for year 2002 revenues to grow at a 1% 
rate, which was well below previous guidance for 2-4%.  That news 
had the telecom service provider's stock trading to a new 52-week 
low and dragging other service providers like AT&T (NYSE:T) 
$14.50 -0.27%, Qwest Communications (NYSE:Q) $6.60 -12.8%, SBC 
Communications (NYSE:SBC) $32.72 -3.45% and Alltel (NYSE:AT) 
$53.80 -1.8% trading lower.

Qwest's 12.8% decline wasn't entirely attributed to Bell South's 
earnings or lowered guidance.  In fact, Qwest looks to have 
enough problems of its own and has some of us here in the West-
Midwest wondering if we should be hoarding Dixie cups and kite 
string (as kids, some of us may have used the two like a 
telephone).  On Tuesday, in after hours trading, it was reported 
that Qwest had offered 8 million shares of stock priced at $7.50 
and that an 8 million block of stock was traded at that price 
(I've looked through about 200 headlines for QWST and see nothing 
to confirm this).  Then late yesterday, the company warned on 
revenues, citing weakness in the telecom sector and in Qwest's 
regional economy, as well as increased competition.

I could go on an on, but you get the picture.  Things aren't 
looking or sounding any better now than they did last week.  The 
only thing that looks to have happened was some bears took some 
profits earlier in the week.  With the plethora of "bad news" in 
the sector tonight, look for bears to perhaps pull some bids and 
see what kind of carnage takes place next week.

One things that some bears may want to review from both of 
Qwest's (Q) and Bell South's (BLS) earning guidance was that both 
are going to continue cutting their capital expenditure budgets.

I'm starting to run out of stocks to short in the telecom 
equipment area that are trading above $5.00.  

This may also be the case as other bears look around and find 
fewer stocks to dine on.

This may explain Cisco Systems' (NASDAQ:CSCO) $15.26 -1.16% 
recent inability to crack back above the $16 level and lack of 
"rally ability" in yesterday's broader NASDAQ recovery after the 
plane crash in Milan.  While Cisco Systems (CSCO) isn't a "pure 
play" in the telecom equipment segment, the stock has some 
exposure to the group and still trades above $5.00.

Cisco Systems Chart - Daily Interval




Not long ago we had profiled a bearish trade in shares of Cisco 
(CSCO) and traders may have made a little money in the stock, but 
we tightened down a tight stop to protect against a rally as 
market internals looks to be improving.  Since that time, CSCO 
did rally right up to the upper portion of our regression and 
once again sits right on its upward trend from the September 
lows.

Wednesday night and again last night I mentioned there were some 
stocks that looked like they could go either way.  Yahoo! Inc. 
(NASDAQ:YHOO) $14.76 -1.99% was one of those stocks that I 
outlined for a short last night that just broke upward trend, and 
Cisco (CSCO) might be a stock for traders to monitor early next 
week.  MACD is in a very precarious position right now as it 
tries to round out, and any break back below the $15 level may 
indeed have bulls calling it quits and a quick test near $14.15 
might be experienced.  If that level were lost to the downside, 
then a test of the $13.25 level may indeed be seen.  I've noted 
the most recent volume spike of 105.6 million shares from $16.13 
to $14.81 and this week's "rally" in the stock stopped dead in 
its tracks at the $16.05 level.  This has me thinking there are 
still some sellers looking to exit the stock an not wanting to 
risk a potential warning ahead of scheduled earnings on May 7th.

I like Cisco as a short candidate for next week on a break below 
the $15.10 level and follow with a stop to begin with above $16.  
A short-term trader's target would be the $14.25 level if 
achieved in a 3-5 day period, while a hungry bear that is going 
for the jugular could target the $13.25 on a longer-term basis.

Internal strengthening




In today's 01:00 update "The market wants to bid" we talked about 
the strengthening longer-term technicals in the Russell 2000.  
Last week we issued an alert to bears that the NASDAQ-100 bullish 
percent was nearing levels found in February, and that they 
should tighten down their stops in some bearish technology 
trades.

During the course of this week, we did indeed see internal 
strengthening in the NASDAQ-100 and today's reading finds this 
group of stocks back in "bull confirmed" status with 45% of the 
stocks showing a point and figure buy signal on their charts.

This is once again an alert to bears in this group that they need 
to be very careful with what they're shorting.  This group of 
stocks is not in a bullish phase and at a relatively lower level 
of risk. 

Institutions, more than anyone, will use this indicator to 
control their inventory levels in stocks they make markets in.  
The series of higher lows sure has me observing that this group 
of stocks is starting to find bullishness.  Its interesting to 
note that in 2001, it wasn't uncommon for the bullish percent to 
dip well below the 30% level.  Now its having a tough time doing 
that.

Now, the previously mentioned "bearish" comments and trade setup 
on Cisco (CSCO) should be understood that I'm not looking for a 
homerun in that trade.  In fact, let the bullish percent be your 
guide to understanding general risk in the NASDAQ-100.  Right 
now, Cisco (CSCO) is not one of the 45 stocks showing a buy 
signal on its p/f chart.  In fact, CSCO is showing a sell signal 
and bearish vertical count to $12.  The first sign of trouble for 
a bear on the p/f chart would be a trade at $18, but I profiled a 
stop just above $16.

One stock that I've talked about before that gives the bull 
exposure to the NASDAQ-100 and technology is shares of Applied 
Materials (NASDAQ:AMAT) $26.48 -0.86%.  We haven't taken a look 
at AMAT's p/f chart since the stock split 2:1 so lets do that 
now.  Also remember that the NASDAQ-100 is "bull confirmed" and a 
bull wants to be looking for stocks giving buy signals, trading 
above trend and even better if we can find some that have high 
probability patterns from Professor Davis' study at Purdue 
University.

Applied Materials Chart - $0.50 and $1 box.




The semiconductors have been the best performing technology 
sector so far in 2002.  The chip equipment stocks have been the 
strongest subset of the semiconductors.  Therefore, I'm looking 
to AMAT as the stock with the best "chance" to build gains as 
bulls certainly look committed to the stock.  According to 
professor Earl Davis' study, the triple-top buy signal is 
profitable 87.9% of the time, for an average gain of 28.7% in a 
6.8 month timeframe on average.  This week, Dorsey/Wright's 
semiconductor bullish percent indicator (a large basket of 
semiconductor related stocks) reversed higher into "bull alert" 
status and currently reads 54% bullish.  AMAT is one of the 54% 
that is showing a buy signal on its chart.  If the semiconductors 
are going higher, then AMAT should lead the way.  It has so far.

One might also think (at least I do) that if the NASDAQ-100 is 
going to go higher, then the semiconductors are going to lead the 
way.  They have so far.

Weekly action

What a week the HMO's (HMO.X) had and the Oil Service (OSX.X) 
stocks had as sectors.  The Oil Service Index (OSX.X) got top 
billing with a 11.3% gain and recovered all of its losses 
incurred during the previous two weeks.

The Oil Service sector has been somewhat avoided by the play 
writers and perhaps with good reason.  This group and stocks 
within it have been getting whipped around as news events unfold 
in the Middle East.  Our only exposure to the group is in Hanover 
Compressor (NYSE:HC) $19.10 -1.13% and subscribers did get a nice 
gain as profiled in that short-term trade and the stock still 
remains on our longer-term play list.  HC's performance will most 
likely be dependent on natural gas prices.  For the week, the May 
Natural Gas futures contract (ng02k) gained 12.8% at $3.525/btu.

Weekly market averages/sector performance 




Those HMO's are now challenging the Gold/Silver Index (XAU.X) for 
the best yearly gainers and this week I think bulls need to have 
their eyes moving up a slot and focusing on the Health Providers 
or the RXH.X.  

I was bullish on Cardinal Health (NYSE:CAH) $72.18 +2.74% and 
still believe this is a stock bulls need to be playing.  We tried 
playing it in our play list, but somehow we placed a stop just 
ABOVE the 50-day MA instead of below it and got taken out of the 
trade right at support.  The play list has paid a dear price and 
I'm not happy as the stock came right back to the triple-top buy 
signal on the point and figure chart, found support and has 
rocketed higher.

I've asked our play writers to put Universal Health Services 
(NYSE:UHS) $46.60 +4.34% in the bullish play list as 
representation for the RHX.X.  Here too we see an RXH.X component 
breaking downward trend and giving a triple-top buy signal. 

Universal Health Services - $1 box




Shares of USH look very similar to what we saw in Cardinal 
Health's (CAH) chart and we should know what to be looking for or 
at least potentially expecting.  While I wouldn't be surprised to 
see a near-term pullback in UHS like we saw in CAH, my concern is 
that the health providers (RXH.X) are going to catch fire like 
the HMO's have.  Several weeks ago I pointed out how the RXH.X 
technicals from the bar chart were "mimicking" the HMO Index 
(HMO.X) by about a 1-2 month lag cycle.  I don't think it is 
simply a "coincidence" that the RXH is now getting in a higher 
gear and starting to move.  Institutions are a funny bunch and 
can be like hound dogs on a hot trail of a rabbit.  

Cardinal Health Chart - $1 box




While Cardinal Health (NYSE:CAH) is NOT a component of the RXH or 
HMO Indexes, its healthcare and has strong technicals.  We should 
try and learn from past experiences and understand that a 
pullback after a nice break higher may be experienced in a trade 
with UHS.  Bullishness is building and the HMO Index (HMO.X) far 
exceeded the level of bullishness I thought possible this week.  

I think a bull should at least consider a 1/2 position (if you 
normally invest $1,000 in a stock, then just start with $500) in 
UHS and then if we see a pullback near support and the stock 
begins to firm, get ready to average into the stock with the 
other 1/2 position at a slightly lower price as the stock begins 
to move higher.  

Institutions don't buy their full position in one single swoop.  
Remember that quote "Institutions tend to dump a stock in a 
single transaction and buy, if possible, in smaller lots, 
gradually accumulating a position."  The point and figure charts 
are fantastic (I think) in showing you a bigger picture that 
really tends to show how institutions will work a stock.  

Just remember, X's are up and O's are down.  To change columns 
back and forth it takes a 3-box reversal (change in price of 3-
boxes as depicted by the far right scale).  Look at the above p/f 
charts.  It sure looks to be like institutions are working these 
stocks.  Accumulating (X's), then letting them pull in (O's) then 
accumulating (X's).  The powerful moves then begin when overhead 
supply is gone and bulls start holding on as they've gotten a 
hold of a winner!

Tenet Healthcare (THC) - $1 box




Tenet Healthcare (NYSE:THC) $74.11 +2.77% is a component of the 
RXH.X and here's the proverbial "head of the snake" that's 
helping lead the sector higher.  I profiled this stock in an 
intraday commentary piece back at the $53-$55 range.

Newer subscribers might want to go back and also review a market 
wrap written on March 15th to get a feel for what we were 
thinking at the close of trading that day in regards to the 
sector.  Sometimes that kind of review helps bring things into 
perspective. 
http://www.PremierInvestor.net/markets/marketwrap/031502_1.asp

You and I both "know" there will be some type of pullback coming.  
As I've mentioned before, there will be certain "technicals" that 
really depict stages of a move that a stock is going through.  A 
lot of a stock's price action simply is a result of not only the 
amount of buying, but the amount of selling.  You can perhaps see 
how THC has perhaps "rocketed" recently and that is most likely 
due to the lack of overhead supply.  The bulls don't know where 
the heck to sell do they?  How could they?  The stock has never 
been this high before.

A stock in the same group like a UHS or CAH still has some 
overhead supply and it's taking some time to "eat through it."  
Often times, when a stock like THC gets more overextended on its 
chart, some of the very same "fundamental catalysts" will be 
evident in other stocks in the group that are perhaps benefiting 
from the current synergies at hand.  Stocks in a "just turning 
bullish stage" are often times just being "discovered" that they 
too are seeing some type of catalyst becoming present.  This is 
very much the "domino theory" we talk about as bullishness builds 
in the sector.

Not all "healthcare" stocks are good buys.  At least we don't 
think so.  AmeriPath (NASDAQ:PATH) $23.92 -4.20% looks nothing 
like some of those we talked about above.

AmeriPath Chart - $1 box




Not all "healthcare" stocks are being gobbled up by the bulls.  
The bearish looking chart in PATH has us thinking something is 
wrong here.  While the stock did break a "triple-bottom" at $24, 
we don't use Professor Davis' probability study.  The reason is 
that the "healthcare" sector is currently "bull confirmed." at 
56% bullish.  Remember that readings above 70% are considered 
overbought.

If you or I think that healthcare is "overbought" at this point, 
then please reconsider.  Yes, there will be some pullbacks, but 
right now just 56% of the stocks that are "healthcare" related 
are showing point and figure buy signals.

It takes so much time to type and make up the charts, but I hope 
this gives you a good feel of what I'm looking at right now.

When the bullish percent charts reverse back into columns of X, I 
do become more focused on the bullish side of things.  

This doesn't mean we aren't looking for bearish trade candidates, 
but the internals of the market and various indexes look to be 
strengthening.

While tonight I only discussed the NASDAQ-100 bullish % ($BPNDX) 
this is usually the most "volatile" of the bullish % indexes and 
is a pretty good shorter-term indicator as far as getting a 
reading on internal strength/weakness.

I also wanted to quickly note how well the Disk Drive Index 
(DDX.X) did this week.  It has also now turned positive for the 
this year.  There's something going and I just don't know what it 
is.  Shares of Iomega (NASDAQ:IOM) $13.49 +19.38% blew higher 
today after reporting earnings... get this... of $0.30 per share, 
which was $0.26 better than the Multex consensus of $0.04 (just 
one covering analyst).  First quarter 2002 revenue of $178.9 
million decreased $99.3 million, or 36% compared to first quarter 
of 2001.

While revenue was rather flat, I keep seeing some of these 
"computer peripheral" or "components" stocks like IOM, or Western 
Digital (NYSE:WDC) $7.43 -0.8% and even SanDisk (NASDAQ:SNDK) 
$20.01 -1.7% acting longer-term bullish.  All three are 
components of the Disk Drive Index (DDX.X) and boy when it 
catches fire this index can really move.  Components of the DDX.X 
are (AIDC, ADPT, DSS, FLSH, HTCH, IOM, MXO, RDRT, SNDK, STK).

Next week we will discuss SanDisk (SNDK).  Today was option 
expiration and I'm finding today's close of $20.01 interesting as 
that is 1 penny above the $20 level.  I looked at the call option 
open interest and it was all fairly evenly distributed at the 
$17.50, $20 and $22.50 levels.  With $20 being right smack in the 
middle, I think there was some "jostling" to get the stock to 
close in the middle of the range.  The point/figure chart pattern 
is interesting and really sets up nicely for a potential bear 
trap and then a sharp move higher on the break above $24.  

Well... It's 02:30 AM and the editor is giving me that "look of 
disgust" so I do need to wrap things up.

Next week might be pretty exciting and I'm leaning a bit to the 
bullish side of things.  We'll get some time early next week to 
see how things go as option expiration is now out of the way.  As 
mentioned before, option expirations can impact trading as 
institutions will role some hedges out to next month and the 
options market makers do their best to try and get stocks to 
close at a level that takes as many options out of the money as 
possible.

See you on Monday and have a great weekend!

Jeff Bailey
Senior Market Technician


=========================
Play-of-the-Day (Bearish)
=========================
(( new non-tech short play ))

AmeriPath, Inc. - PATH - close: 23.92 change: -1.05 stop: 25.51

Company Description:
AmeriPath is a leading national provider of cancer diagnostics, 
genomics, and related information services. During 2001, 
AmeriPath diagnosed approximately 4.0 million tissue biopsies, 
and interpreted approximately 2.1 million Pap smears. The 
company's extensive diagnostics infrastructure includes over 400 
pathologists and doctorate-level scientists providing services in 
over 40 independent pathology laboratories, more than 200 
hospitals, the Center for Advanced Diagnostics (CAD) and Dermpath 
Diagnostics, a division of AmeriPath. (source: company press 
release)

Why We Like It:
It must be painful to be a shareholder of PATH right now.  While 
many of its healthcare brethren are soaring to near-term highs 
(all-time highs in some cases) and garnering CNBC's attention on 
a daily basis, PATH is mired in a three-week downtrend.  The 
stock sold off sharply from a failed multi-day rally attempt at 
its 200-dma and it is now in danger of breaking to new near-term 
lows.  We realize it may seem a bit counterintuitive to short a 
stock when its sector (as gauged by the RXH.X healthcare index) 
is exploding.  However, we think that when profit-taking finally 
hits the sector, PATH will see some serious selling.  After all, 
shares declined 4.2 percent today despite a 2 percent RXH.X rally 
that sent the index to levels not seen since 1998.  It's easy to 
imagine how a decline in the index could lead to even more severe 
selling in PATH.  We don't know of any fundamental reasons why 
the stock is dropping, but it's pretty clear the Wall Street has 
quite a bearish bias on the stock.  In addition to the relative 
weakness discussed above, the technical picture also bodes well 
for the bears.  The p-n-f chart is currently on a triple-bottom 
sell signal, below the bullish PnF support line, and daily 
stochastics appear to be topping out near the 50 percent level.  
Support may emerge at the relative low of $22.72, but we think 
shares will continue lower if the RXH.X suffers some selling.  
We're starting this play with a stop at $25.51, above this week's 
highs.  Our first target is $20 but we'll evaluate an exit as the 
play progresses.  If you look hard enough, which immediately 
makes us skeptical, you can sort of see a large head and 
shoulders pattern from October through April with the neckline 
near $24.  If this is truly a head and shoulders pattern and PATH 
closes below the neckline again, for real this time, technical 
traders might be able to target a move to the $16 level for PATH.  
Earnings are expected in a week and a half.

Picked on April 19th at $23.92 
Gain since picked:       +0.00
Earnings Date         04/30/02 (confirmed)
 





==================================================================
WATCH LIST
==================================================================

The PremierInvestor.net watch list is not designed to be read
as full fledged stock picks.  Rather we would prefer to offer
it as an extra tool in today's investor toolbox.  Think of it
as a radar screen with your own radar operator pointing out
interesting developments, technical patterns or potential plays
that you may or may not have seen on your own.  Due to time
constraints we do glance at the news but rarely do we have 
time to fully read pertinent news stories, due background 
research and other necessary screens that investors should do
before making a decision.  A common exercise is to read the
entry, glance at the sector and other stocks in that industry
and then compare what's happening in the stock to what's 
happening in the broader market indices.  We hope you enjoy
the Watch List and that it proves to be a useful tool for your
own trading success.

STOCKS WORTH WATCHING
---------------------------------

Johnson and Johnson - JNJ - close: 64.49 change: +0.20

WHAT TO WATCH: We strongly considered JNJ for the weekend Play 
List.  The stock has rebounded nicely from its 50-dma and looks 
like it may attempt to breakthrough resistance at $66.  The 
oscillators look bullish as well, with daily stochastics 
uptrending and the MACD curling higher from the baseline.  The 
DRG.X drug index also sports a bullish MACD and looks due for a 
move higher.  We suspect that JNJ, as one of the stronger stocks 
in the group, would lead a rally in the index.  However, what 
ultimately convinced us not to add JNJ is the fact that the DRG.X 
is currently on a double-bottom p-n-f sell signal.  We'd prefer 
to wait for the index to at least reverse in a column of X's 
before adding one of its components as a play.  However, 
aggressive traders could consider playing a move over $66.  



--- 

Linen N Things - LIN - close: 36.41 change: +1.31

WHAT TO WATCH: Niche retailers have been one of the stronger 
groups lately.  LIN is no exception, as shareholders have enjoyed 
a two-week uptrend that is threatening to push the stock to new 
multi-year highs.  The last two sessions have been particularly 
strong, following a Q1 earnings report that topped estimates.  
Traders could consider entries on a pullback to $35 or to $34, 
the better entry.  We'd agree with those who might say the stock 
looks overbought, thus the need to wait for a pull back.




--- 

NVIDIA - NVDA - close: 36.91 change: -2.71

WHAT TO WATCH: Shares of NVDA fell almost seven percent today 
following news that MSFT would cut its shipment targets for its 
Xbox video game system.  This marks the latest in a string of bad 
news for NVDA, including an SEC investigation.  The stock is in a 
firm downtrend and is in danger of breaking below near-term 
support at $35.  We think in light of the recent failed rally at 
$40, entries can be considered at current levels.  Conservative 
traders might want to wait for a break of the $35 level, which 
would trigger a double-bottom p-n-f sell signal.  Our target 
would be $30.




--- 

Procter & Gamble - PG - close: 88.87 change: +0.46

WHAT TO WATCH: PG has pulled back from the top of its ascending 
channel for the first time in over a month.  This might offer an 
attractive entry point.  Aggressive traders could take a look at 
the stock if it heads back above $89, but we'd prefer to wait for 
a pullback to the 50-dma at $87.30.  We'd feel even more 
confident if PG would pull back to the $85.00 level and then 
start to base or bounce.  The stochastics are beginning to enter 
the lower band, indicating that near-term selling may be just 
about exhausted.




---

SBC Communications - SBC - close: 32.72 change: -1.17

WHAT TO WATCH: This week's telecom rally was short-lived.  Just 
as some of the talking heads on CNBC began to call "the bottom" 
on the hapless sector, reduced guidance from NOK and WCOM 
(released after the bell today) pushed another knife into the 
group.  Despite an occasional smattering of good telecom news, it 
appears that the prospects for growth are minimal.  SBC looks 
especially weak, having recently broken to all-time lows after 
announcing a first-quarter loss.  There's no telling where the 
stock will finally find support.  Some of the really negative 
telecom bears might see SBC trading in the $5 range with LU and 
WCOM.  We wouldn't go that far, but we do think that SBC offers 
an attractive near-term short.  Entries could be considered on a 
move below today's low of $32.61, with an initial target just 
above psychological support at $30.  Failed rallies at $34 might 
also be a good entry point to consider.





=============
MORE TO WATCH
=============

Progressive Corp - PGR - close: 172.99 change: -0.49

PGR begins post-split trading on Monday, so the stock that is 
currently trading in the upper-hundreds will now be trading in 
the upper-fifties.  Many stocks suffer post-split declines, but 
due to the strength of the insurance sector we suspect that many 
investors might be eager to snap up shares at a seemingly 
"cheaper" price.  A trade over $58.08 would be an all-time high.

---

QUALCOMM - QCOM - close: 37.26 change: -1.14

The wireless sector received another blow this week in the form 
of reduced guidance from NOK.  QCOM rallied with the group 
earlier this week but was unable to close over $40.  We think a 
retest of the recent lows near $34 may be in the cards (if not 
lower).  Tonight's earnings warning from WCOM could accelerate 
the process.

--- 

VERITAS - VRTS - close: 30.62 change: +0.01

VRTS got hammered this week after the company lowered its Q2 
sales and profit targets.  The stock now hovers just above 
psychological support at $30.  A move below this level might be 
worth shorting, although you might want to wait for a break below 
the 61 percent retracement at $29.60.  The p-n-f chart is looking 
ugly as well.

---

Check Point Software - CHKP - close: 20.01 change: -0.27

You can almost see the bears hovering above CHKP like a flock of 
ravenous vultures circling a lone corpse in the wilderness.  
After the bad news earlier this month, the stock fell to 
psychological support at $20 and has re-tested this level several 
times since then.  This Friday was the first time since September 
that it actually traded under $20 (intraday).  It's almost a 
given that if CHKP breaks $20 or closes under $20, the bears will 
pounce and some may have already taken positions.  We hesitate to 
add it to the play list because CHKP has earnings next Tuesday.  
Aggressive traders might consider holding a position over it but 
we can't judge whether the risk is stronger for the bulls or the 
bears (if you forced us, we'd bet on the bears winning).  This is 
definitely a stock to watch next week.  



================
Market Sentiment
================

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PremierInvestor.net Newsletter          Weekend Edition 04-19-2002
                                                    section 2 of 3
Copyright  2001, All rights reserved.
Redistribution in any form is strictly prohibited.

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In section two:

Net Bulls
  New Bullish Plays:     AMAT
  Bullish Play Updates:  SNE, TTN
  Bearish Play Updates:  CA, SRNA

Stock Bottom / Active Trader
  New Bullish Plays:     ISLE
  New Bearish Plays:     PATH
  Bullish Play Updates:  PD, PDQ, PHM
  Bearish Play Updates:  IGT

High Risk/Reward
  New Bullish Plays:     GNCMA, PVN
  Bullish Play Updates:  AMZN, HIG
  Bearish Play Updates:  CVC

Long-Term Plays
  New Non-tech Play:     UHS


Split Trader
                         FBSS: 2-for-1 split announcement
                         

==================================================================
Net Bulls (NB) Tech Stock section
==================================================================

===============
NB New Plays
===============

  -----------------
  New Bullish Plays
  -----------------

Applied Materials - AMAT - close: 26.48 change: -0.23 stop: 24.84

Company Description:
Applied Materials, the largest supplier of products and services 
to the global semiconductor industry, is one of the world's 
leading information infrastructure providers. Applied Materials 
enables Information for Everyone(TM) by helping semiconductor 
manufacturers produce more powerful, portable and affordable 
chips. (source: company press release)

Why We Like It:
If you believe the Nasdaq might be building up steam for a leg 
higher then you have probably been keeping an eye on the chip 
sector.  The chips have been one of the few tech sectors to show 
some strength this year despite a number of mixed messages and 
mixed earnings outlooks.  Shares of AMAT have been in a strong 
ascending channel since the September bottom and have even 
enjoyed a recent 2-for-1 split this last week.  While the stock 
does have overhead resistance at $28.00 we do think it will be 
conquered.  AMAT stands out in the chip sector because it is in 
the chip equipment industry, which has been out performing the 
broad line and most of the niche-chip groups as well.  The 
Premier team has had our eye on AMAT for awhile now and we had 
been hoping for a pull back to the $25.00 or the 50-dma, which is 
close to the bottom of the channel.  It was AMAT's recent 
strength at $26.00 that prompted us to jump the gun and add it to 
the play list.  However, since shares did post an inside day 
today, we're going to put a trigger to go long the stock at one 
cent above Thursday's high of $27.19.  Thus, if AMAT trades 
$27.20 or higher we'll go long and until then we'll look for a 
dip to the 50-dma.  If we get triggered on the way up, we'll open 
with a stop at $24.84, which is below the 50-dma and below 
potential support at $25.00.  There is no downside trigger to go 
long at this time.  More conservative traders might want to wait 
for a close over resistance at $28 before considering a trade.  
Keep an eye on the SOX as well, it looks like the group might 
pull back for another day or two before heading higher.

Picked on April xth at $xx.xx <- see text
Change since picked:    +0.00 
Earnings Date        11/13/02 (not confirmed)
 




===============
NB Play Updates
===============

  --------------------
  Bullish Play Updates
  --------------------

Sony Corp (ADR) - SNE - cls: 53.25 chg: -0.62 stop: 49.99 

Patience may be the word for traders in SNE.  After gaining 600 
points in the last four days, the Japanese NIKKEI index fell 
about 64 points to 11,512 in Friday profit taking.  The good news 
is that the index is still above support at 11K.  Likewise, SNE 
is holding above support at $50.  Odds are that the NIKKEI could 
pull back another day or two and that means traders might get 
another chance to seek an entry near $52 to $51 on SNE.  We 
continue to target the $60 area and we'll leave our stop at 
$49.99, which is now under the rising 50-dma.

Picked on April 4th at $53.01
Gain since picked:      +0.24
Earnings Date        04/25/02 (unconfirmed)
 



---

Titan Corp - TTN - close: 22.40 change: +0.00 stop: 19.74

There isn't much to say on TTN that we didn't say on Thursday.  
This is especially true since the stock closed unchanged on 
Friday on lower volume.  We still expect a potential pull back 
but it is possible that shares could trade sideways ahead of next 
week's earnings announcement.  Volume is likely to be light with 
investors waiting for the Q1 results.  More conservative traders 
could use the 200-dma as a level of technical support to inch up 
their stop.  We will leave ours at $19.74 for the moment.

Picked on April 15th at $21.26
Change since picked:     +1.14 
Earnings Date         04/25/02 (confirmed)
 




  --------------------
  Bearish Play Updates
  --------------------

Computer Assoc. - CA - close: 19.11 change: +0.62 stop: 20.26

Nothing like a little Friday short covering to close some of 
those successful trades, especially if you don't like holding 
over the weekend.  The 3.35 percent gain for CA is nothing to be 
panicked about since most traders know that stocks move in 
cycles.  Nothing goes up or down in a straight line.  After all, 
most of us need up ticks to get a short position in play anyway.  
The 62-cent move was on much lower volume than the recent 
declines, which doesn't communicate a lot of conviction by the 
bulls.  Despite our bias, we would not be surprised if CA rallied 
up towards the $20 area before rolling over again.  More 
aggressive traders might want to adjust their stop so it is just 
north of the declining 50-dma near $20.64.  We are not going to 
adjust our stop but a failed rally at $20 does look like a good 
entry point for a new position.

Picked on April 18th at $18.49 
Gain since picked:       -0.62
Earnings Date         05/14/02 (unconfirmed)
 



---

SERENA Software - SRNA - close: 16.18 change: +0.66 stop: *text*

Shares of SRNA recovered some of their recent losses today, in 
the form of a 4.25 percent gain.  Although shares traded as high 
as $16.80 it's interesting to note that the stock sold off 
sharply immediately after filling in the Thursday morning gap.  
Volume was also less than half that of yesterday's, indicating a 
lack of bullish enthusiasm.  We couldn't dig up any news to 
explain today's rally, so it looks like a simple case of dip-
buying/short-covering.  Given the recent decline, it was probably 
more of the latter.  In terms of entries, we'll keep our trigger 
at $14.94.  Aggressive traders looking to get a head start could 
consider short positions on a move below today's low of $15.46 
but do so with extreme caution as you're shorting above support. 

Picked on April xth at $xx.xx <- see text 
Gain since picked:      +0.00
Earnings Date        02/21/02 (confirmed)
 





==================================================================
Stock Bottom / Active Trader (AT) section
==================================================================

===============
AT New Plays
===============

  -----------------
  New Bullish Plays
  -----------------

Isle of Capris Casinos - ISLE - cls: 20.50 chg: +0.73 stop: 18.24

Company Description:
Isle of Capri Casinos, Inc. owns and operates 15 riverboat, 
dockside and land-based casinos at 14 locations, including 
Biloxi, Vicksburg, Tunica, Lula and Natchez, Mississippi; Bossier 
City and Lake Charles (two riverboats), Louisiana; Black Hawk, 
Colorado; Bettendorf, Davenport and Marquette, Iowa; Kansas City 
and Boonville, Missouri; and Las Vegas, Nevada. The Company also 
operates Pompano Park Harness Racing Track in Pompano Beach, 
Florida. (source: company press release)

Why We Like It:
If you haven't noticed yet a lot of the larger casino and 
gambling stocks have been on fire.  Many of them are in extended 
up trends.  While bears will quickly say they are overextended, 
we will agree that several could use a good round of profit 
taking to let off some steam.  We have found one gaming stock 
that has just suffered through a week and a half of profit taking 
after hitting new highs.  Now that is has pulled back towards the 
bottom of its ascending channel the stock rebounded sharply and 
closed back above the $20 level of psychological support.  
Technically, the best place to consider a possible entry would 
have been near the 50-dma, currently at $18.25.  Over the last 
few months, ISLE has bounced just above the 50-dma multiple 
times.  Yet it seems that there are more numerous occasions where 
buyers stepped in closer to the bottom of the channel and lifted 
ISLE higher, like Friday for example.  Investors willing to 
consider ISLE for a longer-term play might want to wait and see 
if you get a pull back to the 50-dma.  Or you could try the 40-
dma (really, look at a chart with the 40), but considering the 
strong move on Friday it could be awhile.  We are looking for a 
quick, short-term move higher towards the top of ISLE's channel 
and then we'll exit with a gain.  At least that is the plan.  In 
contrast to the strategy we just hinted at, we'd only consider 
entries with shares above $20.  The stock's oscillators are 
showing a mixed picture and we'd rather have some measure of 
support below us.  The goal is a quick move to the $22.50 to 
$23.00 area.  We are going to start the play with a stop under 
the 50-dma at $18.24 but we'll quickly move it higher to reduce 
risk if we get a confidence building close over $20 again.  
Alternative places to put stops would be $18.99, just under 
Tuesday's low, or $19.49, just under Thursday's low.

Picked on April 19th at $20.50 
Gain since picked:       +0.00
Earnings Date         02/14/02 (confirmed)
 




  -----------------
  New Bearish Plays
  -----------------

AmeriPath, Inc. - PATH - close: 23.92 change: -1.05 stop: 25.51

Company Description:
AmeriPath is a leading national provider of cancer diagnostics, 
genomics, and related information services. During 2001, 
AmeriPath diagnosed approximately 4.0 million tissue biopsies, 
and interpreted approximately 2.1 million Pap smears. The 
company's extensive diagnostics infrastructure includes over 400 
pathologists and doctorate-level scientists providing services in 
over 40 independent pathology laboratories, more than 200 
hospitals, the Center for Advanced Diagnostics (CAD) and Dermpath 
Diagnostics, a division of AmeriPath. (source: company press 
release)

Why We Like It:
It must be painful to be a shareholder of PATH right now.  While 
many of its healthcare brethren are soaring to near-term highs 
(all-time highs in some cases) and garnering CNBC's attention on 
a daily basis, PATH is mired in a three-week downtrend.  The 
stock sold off sharply from a failed multi-day rally attempt at 
its 200-dma and it is now in danger of breaking to new near-term 
lows.  We realize it may seem a bit counterintuitive to short a 
stock when its sector (as gauged by the RXH.X healthcare index) 
is exploding.  However, we think that when profit-taking finally 
hits the sector, PATH will see some serious selling.  After all, 
shares declined 4.2 percent today despite a 2 percent RXH.X rally 
that sent the index to levels not seen since 1998.  It's easy to 
imagine how a decline in the index could lead to even more severe 
selling in PATH.  We don't know of any fundamental reasons why 
the stock is dropping, but it's pretty clear the Wall Street has 
quite a bearish bias on the stock.  In addition to the relative 
weakness discussed above, the technical picture also bodes well 
for the bears.  The p-n-f chart is currently on a triple-bottom 
sell signal, below the bullish PnF support line, and daily 
stochastics appear to be topping out near the 50 percent level.  
Support may emerge at the relative low of $22.72, but we think 
shares will continue lower if the RXH.X suffers some selling.  
We're starting this play with a stop at $25.51, above this week's 
highs.  Our first target is $20 but we'll evaluate an exit as the 
play progresses.  If you look hard enough, which immediately 
makes us skeptical, you can sort of see a large head and 
shoulders pattern from October through April with the neckline 
near $24.  If this is truly a head and shoulders pattern and PATH 
closes below the neckline again, for real this time, technical 
traders might be able to target a move to the $16 level for PATH.  
Earnings are expected in a week and a half.

Picked on April 19th at $23.92 
Gain since picked:       +0.00
Earnings Date         04/30/02 (confirmed)
 





===============
AT Play Updates
===============

  --------------------
  Bullish Play Updates
  --------------------

Phelps Dodge - PD - close: 39.24 change: -0.04 stop: 38.49

A brief dip below $39 provided about the only excitement in PD 
today.  We were getting a bit nervous with the stock approaching 
our stop, but buyers moved in to push it higher.  Shares finished 
flat, with a net loss of $0.04.  It's hard to make much of 
today's action, but we like how PD has continued to find support 
near $38.75.  The stock has bounced from that level three times 
in the past two weeks.  Less encouraging was its underperformance 
versus the CYC.X cyclical index, which finished with a +0.71 
percent gain.  If the relative weakness continues it may be 
difficult for PD to stage any sort of rally.  However, in light 
of today's successful test of support, we think aggressive 
traders can consider entries if the stock moves back above the 
50-dma at $39.39.  If shares do move higher the next obstacle 
will be the high for the week at $41.18.  Note that Phelps Dodge 
announces earnings on Wednesday before the bell.

Picked on April 10th at $40.24 
Gain since picked:       -0.99
Earnings Date         04/24/02 (confirmed)




--- 

Prime Hospitality - PDQ - close: 12.98 change: -0.05 stop: 12.84

PDQ traded in an extremely narrow range of just ten cents today.  
This could either be indicative of indecision on the part of 
investors, or a simple lack of interest ahead of the weekend.  In 
any case, our stop is still (barely) intact, and we're still in 
the play.  A glance at the daily stochastics shows that the near-
term selling soon may be exhausted.  The question is whether PDQ 
can manage a bounce before it violates our stop.  Considering the 
relatively small amount of downside risk, traders may want to 
think about going long if the stock climbs back above $13.  We'd 
be looking for a successful test of resistance near $13.50 to 
confirm that the bulls may be in control.  PDQ announces earnings 
on Thursday. 

Picked on April 12th at $13.53 
Gain since picked:       -0.55
Earnings Date         04/25/02 (confirmed)




--- 

Pulte Homes - PHM - close: 50.13 change: +0.92 stop: 47.49

We wouldn't quite say that PHM rallied strongly today, but it did 
add a respectable 1.8 percent.  More importantly, shares finally 
closed over the $50 resistance level.  It's been exactly one 
month since that last occurred.  The homebuilding sector in 
general was strong as well, with RYL, TOL, KBH, and BZH all 
finishing firmly in the green.  Now that PHM is above resistance, 
we think bullish positions can be considered at current levels.  
However, with earnings on Tuesday morning, such entries are best 
left to traders willing to risk the possibility of a post-
announcement sell-off.  Premier Investor will be holding over 
earnings due to the strong fundamentals of the housing group and 
recent uptrend in PHM.  Conservative traders may want to strongly 
consider closing their positions on Monday.  Those traders who do 
prefer to err on the side of caution may also want to take note 
that the stock has seen volume drop off substantially.  This 
could be a result of traders pulling back ahead of the earnings 
announcement and does not offer a lot of confidence for the 
recent albeit minimal climb higher.  We've mentioned it before 
but there is a growing divergence between analysts on the 
homebuilding front.  With the sector up over 20% for 2001, some 
analysts are saying mutual funds who own the group will begin to 
take profits.  Others think that the home-stocks could still have 
a good six months to a year ahead of them, especially with the 
Fed likely to sit back and wait on significant interest rate 
hikes.  These are factors that short-term traders will want to 
consider when evaluating their positions.

Picked on April 15th at $50.13 
Gain since picked:       +0.00
Earnings Date         04/23/02 (confirmed)





  --------------------
  Bearish Play Updates
  --------------------

Intl Game Tech - IGT - cls: 53.75 chg: -0.25 stop: 56.45 *new*

Shares of IGT fell for the fourth consecutive session on Friday.  
The $0.25 loss wasn't anything to write home about, but check out 
that failed rally at $55.  It looks like the stock just can't 
find buyers ahead of earnings on Tuesday morning.  This sort of 
weakness is what we like to see in short plays, but the pending 
earnings announcement poses a bit of a problem.  The steady 
downtrend in shares could indicate that smart money does not 
anticipate a strong Q1 result.  On the other hand, the recent 
blowout earnings from MGG and HET might portend a strong quarter 
for the group as a whole.  In any case, to avoid getting caught 
in any potential post-earnings rally we'll be closing this play 
out as of Monday's close.  We're also tightening our stop to 
$56.45, just above the Wednesday high.

Picked on April 17th at $54.94
Gain since picked:       +1.19
Earnings Date         04/23/02 (confirmed)
 





==================================================================
HIGH RISK/HIGH REWARD (HR) section
==================================================================

===============
HR New Plays
===============

  -----------------
  New Bullish Plays
  -----------------

General Communication - GNCMA - cls: 10.09 chg: +0.30 stop: *text

Company Description:
GCI is an Alaska-based integrated communication provider 
delivering voice, video and data services through its fiber 
optic, satellite, hybrid fiber coaxial and metropolitan area 
networks. (source: company website)

Why We Like It:
This is a technical play only.  We noticed a number of different 
patterns and support/resistance relationships that made this an 
interesting trade for chart readers.  We're placing it in the 
high-risk section because the GNCMA is a low dollar stock in a 
sector that is heading into multi-year lows.  There is major 
resistance at the $12.25 level but shares are about to breakout 
to the upside through both its 200-dma and the neckline of a 
reverse head-and-shoulders pattern.  We are going to use a 
trigger a few cents above Tuesday's high which would not be hit 
unless the stock had cleared both levels of resistance.  The 
trigger will be $10.31 but we're going to put a cap on it at 
$10.50, so if shares gap above the $10.50 level we will not play 
it.  Once triggered, we'll begin with a stop at $9.39, which is 
below the 10-dma.  Our upside target is $12.00 and we'll close 
the play once shares trade at that level.  As an experiment, we 
encourage you to pull a retracement tool from the $12.25 level 
down to the February lows near $7.00 and see where the 61.8 
percent Fibonacci level appears.  Traders can expect potential 
resistance at $11.00 and we do feel that our time frame for 
reaching $12.00 could be three to five weeks.  Those checking out 
GNCMA on the PnF chart will notice a fresh new triple-top 
breakout to the upside.

Picked on April xxth at $xx.xx <- see text
Change since picked:     +0.00
Earnings Date         03/13/02 (confirmed)
 



---

Providian Financial - PVN - cls: 8.28 chg: +0.47 stop: *text*

Company Description:
San Francisco-based Providian Financial is a leading provider of 
credit cards and deposit products to customers throughout the 
U.S. (source: company website)

Why We Like It:
In March, Premier Investor profiled a successful long play on PVN 
after the stock began to emerge from a four-month base.  We 
closed the play (3/25/02 @ 6.75) near the bottom of the October 
19th gap at $7.25, suspecting that shares would consolidate at 
that level.  The trading action over the past month has been 
decidedly bullish, as shares consolidated not below, but above 
the bottom of the gap.  PVN has done well in recent sessions and 
is close to breaking to near-term highs, with daily stochastics 
just beginning to turn higher.  Slapping a retracement bracket 
(top of October gap to November lows) shows that the stock is 
threatening to move over the 61 percent level.  A break over this 
level could open the door for a run to $10 or even the next 
retracement level at $10.40.  However, since we want to see PVN 
actually break higher before going long, we're placing a trigger 
at $8.51.  We'll initiate the play if shares trade at or above 
this level.  Our initial stop will be at $7.46, just below the 
Wednesday low.  Those of you who like this play but find it too 
risky due to its low price may want to check out COF, a 
competitor of PVN.  The stock (COF) trades in the mid-sixties and 
recently broke over resistance.

Picked on April xth at $xx.xx <- see text
Change since picked:     +0.00
Earnings Date         02/07/02 (confirmed)
 




===============
HR Play Updates
===============

  --------------------
  Bullish Play Updates
  --------------------

Amazon.com - AMZN - close: 14.53 change: +0.27 stop: 12.80

Looks like our worries about EBAY earnings bringing down AMZN 
were for naught.  EBAY traded down this morning on concerns of 
advertising revenue and revenue growth, but nonetheless managed 
to finish solidly in the green.  AMZN faired better in morning 
trading and only saw mild selling before trending higher 
throughout the session to finish with a 1.89 percent gain.  The 
stock traded an "inside day" today, which might help those who 
are gauging new entries.  Technically, a move over yesterday's 
high of $14.86 would be a potential buy signal.  Of course, with 
resistance just overhead at $15 it might be more prudent to wait 
for shares to clear that level as well.  Adding to the mix is the 
fact that AMZN releases earnings after the bell on Tuesday.  We 
normally don't hold tech stocks over earnings, but since this is 
a high-risk play we're willing to hold over the announcement.  
For those traders who are interested, it looks like the estimate 
for AMZN is a 9-cent loss vs. a 21-cent loss last year (Q1).  
Analysts are expecting AMZN to show a rise in revenues to just 
over $800 million on strong Internet activity this quarter.  Odds 
are, if the numbers are close to inline, the future trend will 
lie in the conference call and guidance going forward. 

Picked on April 17th at $14.35
Gain since picked:       +0.18
Earnings Date         04/23/02 (confirmed)




---

Hartford Financial - HIG - cls: 69.68 chg: +0.39 stop: 68.24*new*

It's do-or-die time for HIG.  The stock traded in a narrow range 
under the $70 resistance level today ahead of Monday's earnings 
announcement.  Whether or not that level can be broken may depend 
on how Wall Street reacts to the earnings.  The Premier 
newsletter is currently up nearly 6 percent on this play.  
Although we're not anticipating a downside surprise, cautious 
traders may want to take their money off the table before 
Monday's close.  Since this is a high-risk/high-reward play we're 
willing to hold.  We'd avoid targeting new entries until Tuesday, 
at which point long positions could be evaluated if shares move 
over $70.  However, be aware that additional resistance may 
emerge at the 52-week high near $71 (although we doubt it).  
We're also raising our stop tonight to $68.24, which is just 
below Thursday's low.  This should protect a small gain.  More 
aggressive traders should be content to keep theirs below 
technical support at the 50-dma.  FYI: actual long-term 
shareholders of HIG should be encouraged by the announcement on 
Friday that HIG was named the Insurance company of the year for 
the second time in three years by the IARP.
   
Picked on March 13th at $65.74
Gain since picked:       +3.94
Earnings Date         04/22/02 (confirmed)
 




  --------------------
  Bearish Play Updates
  --------------------

Cablevision - CVC - close: 27.71 change: -0.52 stop: *text*

CVC continued lower today after failing to conquer resistance at 
$29.  The $0.52 decline didn't do any technical damage, but it's 
interesting to note that the stock just can't seem to find buyers 
at these levels.  CVC is currently stuck in "no-man's land" 
between the aforementioned resistance level and support near $26.  
At this point it's difficult to say which way the stock will head 
next.  We notice the MACD just gave a bullish crossover, but it 
was also interesting to see CVC underperform fellow cable 
providers COX and CMCSK.  Waiting for the stock to trade below 
our trigger at $26.24 will help to confirm bearish sentiment.  
Speaking of COX, they announce earnings before the bell on 
Monday.  We're not expecting them come under fire over accounting 
practices (a la ADLAC), but a downside surprise from the cable 
provider could be a weight on the whole sector.  It would still 
appear that more aggressive traders could consider entries on CVC 
here with a stop above recent resistance.

Picked on April xth at $xx.xx <- see text
Gain since picked:      +0.00
Earnings Date        05/14/02 (unconfirmed)
 





==================================================================
Long-Term Plays (LT) section
==================================================================

===============
LT New Plays
===============

  -----------------
  New Bullish Plays
  -----------------
  (non-tech)

Universal Health Services - UHS - cls: 46.60 chg: +1.94 stop: 41.49

Company Description
Universal Health Services, Inc. is one of the nation's largest 
hospital companies, operating acute care and behavioral health 
hospitals and ambulatory surgery and radiation centers 
nationwide, in Puerto Rico, and in France. (source: company press 
release)

Why We Like It:
Jeff and I joked on Friday that his weekend wrap should be 
renamed the Healthcare issue.  I know some of us are tired of 
hearing about healthcare this or healthcare that and both the 
HMO.X and the RXH.X look incredibly extended.  A good round of 
profit taking would allow some readjusting and then shares could 
resume their up trend again.  Some may ask why healthcare is so 
hot lately.  That's a good question and it probably has to deal 
with the one thing on everyone's mind right now - earnings.  
Healthcare costs are not going down and if anything they will 
start to go up.  We heard rumors just this week that a large 
healthcare/insurance company was raising their rates by 25%.  
This could be a sign of things to come for the whole group.

While UHS has enjoyed a strong rally through the month of April, 
its recent triple-top breakout on the PnF chart indicates it 
could have a lot more upside to go.  As fund managers begin to 
look at other stocks in the group that don't look so extended 
their focus is likely to fall on stocks like UHS.  The current 
bullish target on UHS is $65.  We're going to add UHS as a long-
term play to the Premier play list with a time frame of three to 
six months.  We're not predicting UHS will be $65 by then but it 
should be significantly higher.  

Please take note that just because we add UHS to the play list 
today, this does not mean we are recommending you jump out and 
buy it on Monday morning.  It would appear that UHS could trade 
higher for the next couple of days but it will pull back.  That 
might be the better time to consider an entry.  We know every 
trader is different and some will want to consider positions now 
while other might attempt to wait for a pullback to the $44 or 
$45 level.  You need to decide what's right for you.  As Jeff 
pointed out in his wrap again this weekend, fund managers don't 
buy their positions in one fell swoop but instead choose to leg 
into a stock a bit at a time.  Our longer-term plays can allow 
you to do just that with more opportunities than some of our 
short-term strategies.  Check out Jeff's wrap this weekend for 
his perspective on the two healthcare industries/sectors.

In summary, we feel that UHS looks like a great longer-term 
candidate and we're going to "pick" it today but odds are good 
you might get a better entry point if you're patient and look for 
a pull back first.  Traders should be aware that the stock could 
have some resistance at $50 and again at $53.  We are going to 
start with a stop loss at $41.49, which is just below the 50-dma.

Picked on April 19th at $46.60
Gain since picked:       +0.00
Earnings Date         04/18/02 (confirmed)






==================================================================
Split Trader (ST) section
==================================================================

Split Announcements
-------------------

Fauquier Bankshares declares 2-for-1 stock split

Word came today from Fauquier Bankshares, Inc (NASDAQ: FBSS) that 
the Board of Directors, at its regular meeting yesterday, 
announced a 2-for-1 stock split. 

The split will take the form of a 100% dividend and will be 
distributed on or about May 15, 2002 to shareholders of record as 
of April 30, 2002.

This will be the first time FBSS split since a 2:1 offering in 
1998.  Traders looking to play this news should be aware that the 
stock trades on very low average volume of 2100 shares/day.

FBSS closed at $27.60 on Friday. For a current quote, click here:
http://user.financialcontent.com/pin1/quote.cgi?account=pin1&ticker=FBSS

About the company
The Fauquier Bank, an independent, locally owned community bank, 
offers a full range of financial services, including Internet 
banking, commercial, retail, insurance and wealth management 
services, through seven banking offices and eight ATM locations 
throughout Fauquier County and in Manassas and western Prince 
William County, Virginia. (source: company press release)





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Do not duplicate or redistribute in any form.





PremierInvestor.net Newsletter         Weekend Edition 04-19-2002
                                                   Section 3 of 3
Copyright  2001, All rights reserved.
Redistribution in any form is strictly prohibited.

The entire newsletter is best viewed in COURIER 10 for alignment
=================================================================
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charts and graphs, click here:
http://www.PremierInvestor.net/htmlemail/d19b_3.asp
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In section three:

Market Watch for Week of April 22nd
   - Major Earnings
   - Stock Splits
   - Economic Reports

Trading Ideas
  Value Plays With Bullish Signals
  Breakout to Upside (Stocks $5 to $20)
  Breakout to Upside (Stocks over $20)      
  Breakout to Downside (Stocks over $20)      
  Recently Overbought With Bearish Signals (Stocks over $20)

=================================================================


==================================================
Market Watch for the week of April 22nd
==================================================

  ------------------------
  Major Earnings This Week
  ------------------------

Symbol  Company               Date           Comment      EPS Est

------------------------- MONDAY -------------------------------

AGN    Allergan               Mon, Apr 22  Before the Bell   0.44
ALTR   Altera Corporation     Mon, Apr 22  After the Bell    0.04
AEE    Ameren                 Mon, Apr 22  -----N/A-----     0.47
AME    AMETEK                 Mon, Apr 22  After the Bell    0.59
ACI    Arch Coal              Mon, Apr 22  Before the Bell  -0.10
ASTSF  ASE Test Limited       Mon, Apr 22  After the Bell   -0.18
ASMI   ASM International N.V. Mon, Apr 22  During the Market-0.13
AV     Avaya                  Mon, Apr 22  After the Bell   -0.08
BPC    Banco Comerc Portugue  Mon, Apr 22  After the Bell     N/A
BWA    BorgWarner, Inc.       Mon, Apr 22  -----N/A-----     1.11
BPO    Brookfield Properties  Mon, Apr 22  -----N/A-----     0.53
BG     Bunge Limited          Mon, Apr 22  Before the Bell   0.20
CNI    Canadian National Rlwy Mon, Apr 22  After the Bell    0.71
CECO   Career Education       Mon, Apr 22  After the Bell    0.21
CX     Cemex, S.A. de C.V.    Mon, Apr 22  -----N/A-----     0.62
CF     Charter One Financial  Mon, Apr 22  Before the Bell   0.62
GLW    Corning                Mon, Apr 22  After the Bell   -0.13
COX    Cox Communication      Mon, Apr 22  Before the Bell  -0.19
CSX    CSX                    Mon, Apr 22  Before the Bell   0.30
DNB    D&B                    Mon, Apr 22  After the Bell    0.45
DHI    D.R. Horton            Mon, Apr 22  Before the Bell   0.52
ELNK   EarthLink, Inc.        Mon, Apr 22  After the Bell   -0.11
EDS    Electronic Data Sys    Mon, Apr 22  After the Bell    0.71
ERICY  Ericsson LM Telephone  Mon, Apr 22  Before the Bell  -0.04
RE     Everest Reinsurance    Mon, Apr 22  After the Bell    1.34
ESA    Extended Stay America  Mon, Apr 22  After the Bell    0.08
FCNCA  First Citi BancShares  Mon, Apr 22  -----N/A-----      N/A
FISV   Fiserv                 Mon, Apr 22  After the Bell    0.32
HHS    Harte-Hanks            Mon, Apr 22  After the Bell    0.31
HIG    Hartford Finan Service Mon, Apr 22  After the Bell    1.11
HAS    Hasbro                 Mon, Apr 22  Before the Bell  -0.10
HCA    HCA Inc.               Mon, Apr 22  Before the Bell   0.72
IMNX   Immunex                Mon, Apr 22  -----N/A-----     0.05
ICBC   Independence Com Bank  Mon, Apr 22  After the Bell    0.50
KEM    Kemet                  Mon, Apr 22  After the Bell    0.01
LH     Laboratory Corp.       Mon, Apr 22  After the Bell    0.92
LEA    Lear                   Mon, Apr 22  Before the Bell   0.60
LEE    Lee Enterprises        Mon, Apr 22  -----N/A-----     0.30
LXK    Lexmark International  Mon, Apr 22  Before the Bell   0.48
LPNT   LifePoint Hospitals    Mon, Apr 22  After the Bell    0.31
LNCR   Lincare Holdings       Mon, Apr 22  After the Bell    0.39
LZ     Lubrizol               Mon, Apr 22  -----N/A-----     0.45
LU     Lucent Technologies    Mon, Apr 22  -----N/A-----    -0.17
MHP    McGraw-Hill            Mon, Apr 22  Before the Bell   0.13
MWV    MeadWestvaco           Mon, Apr 22  Before the Bell  -0.17
MEOH   Methanex               Mon, Apr 22  -----N/A-----    -0.13
MCRL   Micrel Semiconductor   Mon, Apr 22  After the Bell   -0.02
MMM    Minnesota Mine & Manu  Mon, Apr 22  Before the Bell   1.19
NBTY   NBTY                   Mon, Apr 22  -----N/A-----     0.28
NBL    Noble Affiliates       Mon, Apr 22  -----N/A-----    -0.29
BOH    Pacific Century Fin    Mon, Apr 22  Before the Bell   0.39
PPE    Park Place Entertain   Mon, Apr 22  Before the Bell   0.09
PX     Praxair Incorporated   Mon, Apr 22  Before the Bell   0.74
RYN    Rayonier               Mon, Apr 22  After the Bell    0.26
RNR    RenaissanceRe Holdings Mon, Apr 22  After the Bell    2.70
SAFC   SAFECO                 Mon, Apr 22  Before the Bell   0.36
SCVa   Scania AB ADR A        Mon, Apr 22  -----N/A-----      N/A
SXT    Sensient Tech Corp     Mon, Apr 22  Before the Bell   0.32
SLAB   Silicon Laboratories   Mon, Apr 22  After the Bell    0.01
SLG    SL Green Realty        Mon, Apr 22  After the Bell    0.78
PCU    Southern Peru Cop Corp Mon, Apr 22  -----N/A-----     0.14
STM    STMicroelectronics     Mon, Apr 22  After the Bell    0.04
TPP    Teppco                 Mon, Apr 22  Before the Bell   0.49
TUP    Tupperware             Mon, Apr 22  After the Bell    0.28
UDR    United Dominion Realty Mon, Apr 22  After the Bell    0.40
VOLVY  Volvo AB               Mon, Apr 22  -----N/A-----      N/A
VMC    Vulcan Materials       Mon, Apr 22  -----N/A-----     0.06
WRE    WA Rl Este Invst Trst  Mon, Apr 22  After the Bell    0.49
WPPGY  WPP Group PLC          Mon, Apr 22  Before the Bell    N/A

------------------------- TUESDAY ------------------------------

SE     7-Eleven               Tue, Apr 23  Before the Bell   0.00
ABGX   Abgenix                Tue, Apr 23  After the Bell   -0.32
ACS    Affiliated Comp Srv    Tue, Apr 23  -----N/A-----     0.46
AFL    AFLAC                  Tue, Apr 23  -----N/A-----     0.35
AGRa   Agere Systems          Tue, Apr 23  Before the Bell  -0.16
APD    Air Products & Chem    Tue, Apr 23  Before the Bell   0.54
AKZOY  Akzo Nobel ADR         Tue, Apr 23  -----N/A-----      N/A
ALD    Allied Capital         Tue, Apr 23  Before the Bell   0.55
AMZN   Amazon.com             Tue, Apr 23  After the Bell   -0.09
DOX    Amdocs Limited         Tue, Apr 23  After the Bell    0.37
AMX    America Movil, S.A.    Tue, Apr 23  After the Bell    0.13
AMTD   Ameritrade Holding     Tue, Apr 23  Before the Bell   0.02
AHS    AMN Healthcare Service Tue, Apr 23  After the Bell    0.21
AXE    Anixter International  Tue, Apr 23  -----N/A-----     0.21
AMCC   Aplied Micro Circ Corp Tue, Apr 23  After the Bell   -0.06
ADM    Arch Dniels Mdlnd Comp Tue, Apr 23  Before the Bell   0.18
AGY    Argosy Gaming          Tue, Apr 23  Before the Bell   0.82
AWE    AT&T Wireless Services Tue, Apr 23  Before the Bell  -0.03
AN     AutoNation             Tue, Apr 23  Before the Bell   0.21
AVY    Avery Dennison         Tue, Apr 23  During the Market 0.64
AVT    Avnet                  Tue, Apr 23  -----N/A-----    -0.01
BHI    Baker Hughes           Tue, Apr 23  Before the Bell   0.21
BIO    Bio-Rad Laboratories A Tue, Apr 23  After the Bell    0.55
EAT    Brinker International  Tue, Apr 23  Before the Bell   0.40
BNI    Brlington Nrth Snta Fe Tue, Apr 23  Before the Bell   0.46
CACI   CACI International     Tue, Apr 23  Before the Bell   0.33
CBM    Cambrex                Tue, Apr 23  After the Bell    0.52
CAH    Cardinal Health        Tue, Apr 23  -----N/A-----     0.70
CDX    Catellus Development   Tue, Apr 23  After the Bell     N/A
CTX    Centex Corporation     Tue, Apr 23  Before the Bell   1.80
CEY    Certegy                Tue, Apr 23  Before the Bell   0.22
GIB    CGI Group              Tue, Apr 23  Before the Bell    N/A
CHKP   Check Point Sftwr Tech Tue, Apr 23  After the Bell    0.24
CKFR   CheckFree              Tue, Apr 23  After the Bell    0.02
CHH    Choice Hotels Intl     Tue, Apr 23  Before the Bell   0.18
COH    Coach                  Tue, Apr 23  Before the Bell   0.28
CGNX   Cognex                 Tue, Apr 23  -----N/A-----    -0.06
CBE    Cooper Industries      Tue, Apr 23  Before the Bell   0.52
CCR    Countrywide Credit Ind Tue, Apr 23  Before the Bell   1.30
CYMI   Cymer                  Tue, Apr 23  After the Bell   -0.02
DASTY  Dassault Systemes SA   Tue, Apr 23  -----N/A-----     0.22
DT     Deutsche Telekom       Tue, Apr 23  Before the Bell    N/A
DP     Diagnostic Products    Tue, Apr 23  Before the Bell   0.35
DBD    Diebold                Tue, Apr 23  Before the Bell   0.37
DPL    DPL                    Tue, Apr 23  After the Bell    0.45
DD     DuPont                 Tue, Apr 23  Before the Bell   0.56
ECL    Ecolab                 Tue, Apr 23  Before the Bell   0.36
EW     Edwards Lifesciences   Tue, Apr 23  After the Bell    0.32
EXC    Exelon Corporation     Tue, Apr 23  -----N/A-----     0.91
EXPE   Expedia                Tue, Apr 23  After the Bell    0.26
XOM    Exxon Mobil Corp       Tue, Apr 23  -----N/A-----     0.39
FIC    Fair Isaac &Co         Tue, Apr 23  After the Bell    0.58
FCS    Fairchild Semi Intl    Tue, Apr 23  After the Bell   -0.03
FEIC   FEI Company            Tue, Apr 23  -----N/A-----     0.21
FOE    Ferro                  Tue, Apr 23  Before the Bell   0.20
FLS    Flowserve              Tue, Apr 23  Before the Bell   0.28
FTI    Fmc Technologies, Inc. Tue, Apr 23  After the Bell    0.07
FRX    Forest Laboratories    Tue, Apr 23  Before the Bell   0.48
FRE    Freddie Mac            Tue, Apr 23  -----N/A-----     1.19
GMT    GATX                   Tue, Apr 23  -----N/A-----     0.32
G      Gillette               Tue, Apr 23  During the Market 0.19
DA     Groupe Danone          Tue, Apr 23  During the Market  N/A
HSC    Harsco Corporation     Tue, Apr 23  Before the Bell   0.37
HCP    Health Care Property   Tue, Apr 23  Before the Bell   0.77
HMA    Health Man Asoc, Inc   Tue, Apr 23  Before the Bell   0.27
HLT    Hilton Hotels Corp     Tue, Apr 23  Before the Bell   0.05
HLYW   Hollywood Enter        Tue, Apr 23  Before the Bell   0.29
ROOM   Htl Reservations Ntwrk Tue, Apr 23  Before the Bell   0.24
HUBb   Hubbell                Tue, Apr 23  During the Market 0.32
ICOS   ICOS                   Tue, Apr 23  After the Bell   -0.61
IMN    Imation                Tue, Apr 23  Before the Bell    N/A
IMO    Imperial Oil Limited   Tue, Apr 23  -----N/A-----      N/A
IFX    Infineon Tech AG       Tue, Apr 23  Before the Bell    N/A
IDTI   Integrated Device Tech Tue, Apr 23  After the Bell   -0.07
IGT    Intl Gaming Tech       Tue, Apr 23  -----N/A-----     0.79
IPCR   IPC Holdings           Tue, Apr 23  After the Bell    0.87
KELYA  Kelly Services         Tue, Apr 23  Before the Bell  -0.02
KMB    Kimberly Clark         Tue, Apr 23  Before the Bell   0.83
LLL    L-3 Comm Hldgs         Tue, Apr 23  Before the Bell   0.69
LSCC   Lattice Semiconductor  Tue, Apr 23  Before the Bell   0.04
LVLT   Level 3 Communications Tue, Apr 23  Before the Bell  -1.14
LRY    Liberty Property Trust Tue, Apr 23  -----N/A-----     0.84
LNC    Lincoln National       Tue, Apr 23  Before the Bell   0.93
LMT    Lockheed Martin        Tue, Apr 23  -----N/A-----     0.47
MRO    Marathon Oil Corp.     Tue, Apr 23  Before the Bell   0.19
MXO    Maxtor                 Tue, Apr 23  After the Bell   -0.17
MDU    MDU Resources          Tue, Apr 23  Before the Bell   0.26
MEDQ   Medquist               Tue, Apr 23  Before the Bell   0.32
MGM    Metro-Goldwyn-Mayer    Tue, Apr 23  Before the Bell  -0.36
MON    Monsanto Co.           Tue, Apr 23  Before the Bell   0.31
NSCN   Netscreen Tech Inc.    Tue, Apr 23  After the Bell    0.01
NEU    Neuberger Berman       Tue, Apr 23  Before the Bell   0.48
NI     NiSource               Tue, Apr 23  Before the Bell   0.92
NU     Northeast Utilities    Tue, Apr 23  Before the Bell   0.27
NRG    NRG Energy             Tue, Apr 23  -----N/A-----    -0.14
ORLY   O`Reilly Automotive    Tue, Apr 23  After the Bell    0.31
OI     Owens Illinois         Tue, Apr 23  After the Bell    0.40
PEP    Pepsico                Tue, Apr 23  Before the Bell   0.37
PCZ    Petro-Canada           Tue, Apr 23  -----N/A-----      N/A
PHA    Pharmacia Corporation  Tue, Apr 23  Before the Bell   0.37
PNW    Pinnacle West          Tue, Apr 23  -----N/A-----     0.63
PDG    Placer Dome            Tue, Apr 23  After the Bell    0.09
PNM    PNM Resources          Tue, Apr 23  After the Bell    0.65
PPP    Pogo Producing         Tue, Apr 23  -----N/A-----     0.09
PHM    Pulte Homes Inc.       Tue, Apr 23  Before the Bell   0.92
QLTI   QLT                    Tue, Apr 23  After the Bell    0.07
RSH    Radio Shack Corp       Tue, Apr 23  Before the Bell   0.29
RGIS   Regis Corporation      Tue, Apr 23  Before the Bell   0.38
RGS    RGS Energy Group       Tue, Apr 23  -----N/A-----      N/A
ROK    Rockwell Automation    Tue, Apr 23  Before the Bell   0.18
STOSY  Santos ADR             Tue, Apr 23  -----N/A-----      N/A
SRE    Sempra Energy          Tue, Apr 23  Before the Bell   0.65
SRA    Serono S.A.            Tue, Apr 23  Before the Bell   0.11
SIAL   Sigma-Aldrich          Tue, Apr 23  After the Bell    0.55
SSCC   Smurfit-Stone Contain  Tue, Apr 23  Before the Bell   0.05
SNA    Snap-On                Tue, Apr 23  Before the Bell   0.44
SNRA   Sonera Group plc       Tue, Apr 23  Before the Bell    N/A
SAH    Sonic Automotive       Tue, Apr 23  Before the Bell   0.46
SPW    SPX                    Tue, Apr 23  Before the Bell   1.61
SEO    STORA ENSO CORP        Tue, Apr 23  Before the Bell    N/A
STK    Storage Technology     Tue, Apr 23  After the Bell    0.02
SWMAY  Swedish Match          Tue, Apr 23  Before the Bell    N/A
TECUA  Tecumseh Products      Tue, Apr 23  -----N/A-----     0.55
TMCS   Ticketmaster           Tue, Apr 23  After the Bell    0.11
TRI    Triad Hospitals        Tue, Apr 23  After the Bell    0.39
USTR   United Stationers      Tue, Apr 23  After the Bell    0.73
VSEA   Varian Semiconductor   Tue, Apr 23  After the Bell   -0.34
VZ     Verizon Communications Tue, Apr 23  Before the Bell   0.72
VFC    VF                     Tue, Apr 23  -----N/A-----     0.57
WDR    Waddell&Reed Financial Tue, Apr 23  Before the Bell   0.34
WAT    Waters Corporation     Tue, Apr 23  Before the Bell   0.28
WFT    Weatherford            Tue, Apr 23  After the Bell    0.36
WSTC   West Corporation       Tue, Apr 23  After the Bell    0.32
WWY    Wm. Wrigley Jr.        Tue, Apr 23  -----N/A-----     0.40
WPS    WPS Resources          Tue, Apr 23  -----N/A-----     0.91
XMSR   XM Satelite Rdio Hldgs Tue, Apr 23  Before the Bell  -1.58
YRK    York International     Tue, Apr 23  After the Bell    0.17

-----------------------  WEDNESDAY -----------------------------

ABB    ABB Ltd.               Wed, Apr 24  -----N/A-----      N/A
ABY    Abitibi-Consolidated   Wed, Apr 24  -----N/A-----      N/A
ADO    Adecco SA              Wed, Apr 24  -----N/A-----      N/A
ASX    Adv Semi Engineering   Wed, Apr 24  Before the Bell  -0.01
AMG    Affiliated Manag Grp   Wed, Apr 24  Before the Bell   1.07
AFFX   Affymetrix             Wed, Apr 24  After the Bell   -0.02
ALFA   Alfa                   Wed, Apr 24  Before the Bell   0.42
AHC    Amerada Hess           Wed, Apr 24  -----N/A-----     1.11
AEP    American Elctric Power Wed, Apr 24  Before the Bell   0.59
AVZ    AMVESCAP PLC           Wed, Apr 24  Before the Bell   0.27
BUD    Anheuser-Busch         Wed, Apr 24  -----N/A-----     0.49
AOL    AOL Time Warner        Wed, Apr 24  After the Bell    0.14
APPB   Applebee`s Intl        Wed, Apr 24  After the Bell    0.51
T      AT&T                   Wed, Apr 24  Before the Bell   0.04
ACAI   Atl Cst Arlnes Holding Wed, Apr 24  -----N/A-----     0.31
ACLS   Axcelis Technologies   Wed, Apr 24  After the Bell   -0.21
BARZ   BARRA                  Wed, Apr 24  Before the Bell   0.50
BCE    BCE                    Wed, Apr 24  Before the Bell   0.23
BZH    Beazer Homes USA       Wed, Apr 24  After the Bell    2.26
BDX    Becton Dickinson       Wed, Apr 24  After the Bell    0.50
BLC    Belo                   Wed, Apr 24  Before the Bell   0.10
BGEN   Biogen                 Wed, Apr 24  Before the Bell   0.47
BJS    BJ Services            Wed, Apr 24  Before the Bell   0.24
BBI    Blockbuster            Wed, Apr 24  Before the Bell   0.28
BPL    Buckeye Partners       Wed, Apr 24  -----N/A-----     0.65
CBT    Cabot                  Wed, Apr 24  After the Bell    0.39
CHIR   Chiron                 Wed, Apr 24  After the Bell    0.22
CTXS   Citrix Systems         Wed, Apr 24  After the Bell    0.15
CYH    Commun Health Systms   Wed, Apr 24  After the Bell    0.24
CVG    Convergys Corporation  Wed, Apr 24  -----N/A-----     0.35
CVD    Covance                Wed, Apr 24  After the Bell    0.18
CFR    Cullen/Frost Bankers   Wed, Apr 24  Before the Bell   0.51
CYTC   CYTYC                  Wed, Apr 24  After the Bell    0.14
DRYR   Dreyer`s Grand Ice Crm Wed, Apr 24  Before the Bell   0.05
DST    DST Systems            Wed, Apr 24  After the Bell    0.45
DTE    DTE Energy             Wed, Apr 24  Before the Bell   1.13
DRE    Duke Realty Corp       Wed, Apr 24  -----N/A-----     0.65
ESS    Essex Property Trust   Wed, Apr 24  After the Bell    1.11
FII    Federated Investors B  Wed, Apr 24  During the Market 0.44
FR     Frst Ind Realty Trust  Wed, Apr 24  After the Bell    0.91
FE     FirstEnergy            Wed, Apr 24  -----N/A-----     0.40
FLA    Florida East Coast     Wed, Apr 24  Before the Bell    N/A
FBN    Furniture Brands Intl  Wed, Apr 24  After the Bell    0.52
GBL    Gabelli Asset Manag    Wed, Apr 24  -----N/A-----     0.51
IT     Gartner                Wed, Apr 24  Before the Bell   0.05
GETY   Getty Images           Wed, Apr 24  -----N/A-----     0.04
GSK    GlaxoSmithKline        Wed, Apr 24  Before the Bell   0.53
GR     Goodrich Corporation   Wed, Apr 24  Before the Bell   0.66
GT     Goodyear Tire & Rubber Wed, Apr 24  Before the Bell  -0.32
GXP    Great Plains Energy    Wed, Apr 24  After the Bell     N/A
TV     Grupo Televisa, S.A.   Wed, Apr 24  After the Bell     N/A
HAR    Harman Intl Ind        Wed, Apr 24  -----N/A-----     0.40
HP     Helmerich & Payne      Wed, Apr 24  -----N/A-----     0.22
NDE    IndyMac Bancorp Inc.   Wed, Apr 24  Before the Bell   0.58
ICST   Integrated Circuit Sys Wed, Apr 24  -----N/A-----     0.16
ISIL   Intersil               Wed, Apr 24  After the Bell    0.13
ITT    ITT Industries         Wed, Apr 24  -----N/A-----     0.72
KEA    Keane                  Wed, Apr 24  Before the Bell   0.09
KMG    Kerr-McGee             Wed, Apr 24  -----N/A-----     0.12
KRI    Knight-Ridder          Wed, Apr 24  Before the Bell   0.59
LSI    LSI Logic              Wed, Apr 24  After the Bell   -0.14
LUX    Luxottica Group        Wed, Apr 24  -----N/A-----      N/A
MACR   Macromedia             Wed, Apr 24  After the Bell   -0.14
MANH   Manhattan Associates   Wed, Apr 24  After the Bell    0.18
MTD    Mettler Toledo Intl    Wed, Apr 24  After the Bell    0.41
MTGNY  Modern Times Group     Wed, Apr 24  Before the Bell    N/A
MCO    Moody`s                Wed, Apr 24  Before the Bell   0.35
MCL    Moore Corporation      Wed, Apr 24  After the Bell    0.09
MUR    Murphy Oil             Wed, Apr 24  After the Bell    0.03
NE     Noble Drilling         Wed, Apr 24  -----N/A-----     0.39
NRD    NORANDA INC            Wed, Apr 24  Before the Bell    N/A
NSC    Norfolk Southern       Wed, Apr 24  -----N/A-----     0.23
NCX    Nova Chemical          Wed, Apr 24  Before the Bell  -0.87
NST    NSTAR                  Wed, Apr 24  -----N/A-----     0.66
PTEN   Patterson-UTI Energy   Wed, Apr 24  Before the Bell   0.05
PAS    PepsiAmericas          Wed, Apr 24  Before the Bell   0.15
PD     Phelps Dodge           Wed, Apr 24  Before the Bell  -0.98
PXD    Pioneer Natural Resrc  Wed, Apr 24  Before the Bell   0.03
PMI    PMI Group              Wed, Apr 24  -----N/A-----     1.85
POT    Potash Corp of Saskatc Wed, Apr 24  -----N/A-----     0.26
PPL    PPL Corporation        Wed, Apr 24  Before the Bell   1.09
PGN    Progress Energy        Wed, Apr 24  Before the Bell   0.76
PRHC   Province Healthcare    Wed, Apr 24  After the Bell    0.35
PTZ    Pulitzer Inc.          Wed, Apr 24  Before the Bell   0.33
QCOM   Qualcomm               Wed, Apr 24  After the Bell    0.20
RDN    Radian Group           Wed, Apr 24  After the Bell    1.05
REY    Reynolds&Reynolds      Wed, Apr 24  During the Market 0.37
RCL    Royal Caribbean        Wed, Apr 24  Before the Bell   0.26
R      Ryder System           Wed, Apr 24  -----N/A-----     0.18
RYL    Ryland Group           Wed, Apr 24  Before the Bell   1.16
SANYY  Sanyo Electric         Wed, Apr 24  -----N/A-----      N/A
SLE    Sara Lee               Wed, Apr 24  Before the Bell   0.31
SAY    Satyam Comp Serv Lim   Wed, Apr 24  -----N/A-----     0.15
SEE    Sealed Air             Wed, Apr 24  Before the Bell   0.54
SVM    ServiceMaster          Wed, Apr 24  -----N/A-----     0.10
JOE    St. Joe Company        Wed, Apr 24  Before the Bell    N/A
SWK    Stanley Works          Wed, Apr 24  Before the Bell   0.56
SUN    Sunoco                 Wed, Apr 24  Before the Bell  -1.37
SYMC   Symantec               Wed, Apr 24  After the Bell    0.35
SYY    Sysco                  Wed, Apr 24  Before the Bell   0.23
TLTOB  Tele2 AB               Wed, Apr 24  -----N/A-----      N/A
TMO    Thermo Electron        Wed, Apr 24  After the Bell    0.19
URI    United Rentals         Wed, Apr 24  -----N/A-----     0.08
USAI   USA Networks           Wed, Apr 24  Before the Bell   0.02
VVC    Vectren                Wed, Apr 24  Before the Bell   0.73
VRTX   Vertex Pharmaceuticals Wed, Apr 24  After the Bell   -0.28
WY     Weyerhaeuser           Wed, Apr 24  Before the Bell   0.16
WYE    Wyeth                  Wed, Apr 24  Before the Bell   0.65
XEL    Xcel Energy            Wed, Apr 24  -----N/A-----     0.33
XRX    Xerox                  Wed, Apr 24  Before the Bell  -0.01
YCC    Yankee Candle          Wed, Apr 24  -----N/A-----     0.12

------------------------- THURSDAY -----------------------------

TW     21st Century Insurance Thu, Apr 25  -----N/A-----     0.10
ADPT   Adaptec                Thu, Apr 25  -----N/A-----     0.08
RKY    Adolph Coors           Thu, Apr 25  -----N/A-----     0.48
ATE    Advantest Corp         Thu, Apr 25  Before the Bell    N/A
AES    AES Corporation        Thu, Apr 25  Before the Bell   0.26
AET    Aetna                  Thu, Apr 25  Before the Bell   0.03
AG     AGCO                   Thu, Apr 25  -----N/A-----     0.10
ATG    AGL Resources          Thu, Apr 25  -----N/A-----     0.87
ACV    Alberto-Culver         Thu, Apr 25  During the Market 0.54
ALA    Alcatel                Thu, Apr 25  Before the Bell  -0.24
ALE    Allete                 Thu, Apr 25  Before the Bell   0.50
AT     Alltel Corporation     Thu, Apr 25  Before the Bell   0.77
AIG    American Intl Group    Thu, Apr 25  -----N/A-----     0.81
ABC    AmerisourceBergen      Thu, Apr 25  Before the Bell   0.75
AMGN   Amgen                  Thu, Apr 25  -----N/A-----     0.32
APC    Anadarko Petroleum     Thu, Apr 25  Before the Bell   0.39
APA    Apache                 Thu, Apr 25  Before the Bell   0.48
ABI    Applied Biosystems     Thu, Apr 25  Before the Bell   0.22
ARW    Arrow Electronics      Thu, Apr 25  -----N/A-----     0.00
AZN    AstraZeneca PLC        Thu, Apr 25  -----N/A-----     0.47
ANZ    Australia&New Zelnd    Thu, Apr 25  After the Bell     N/A
BLL    Ball                   Thu, Apr 25  Before the Bell   0.45
BCH    Banco de Chile         Thu, Apr 25  -----N/A-----     0.29
SAN    Banco Santiago         Thu, Apr 25  -----N/A-----     0.49
BOL    Bausch & Lomb          Thu, Apr 25  Before the Bell   0.21
BMS    Bemis                  Thu, Apr 25  Before the Bell   0.65
BVF    Biovail Corporation    Thu, Apr 25  Before the Bell   0.30
BDK    Black & Decker         Thu, Apr 25  Before the Bell   0.33
BMY    Bristol-Myers Squibb   Thu, Apr 25  Before the Bell   0.43
BC     Brunswick              Thu, Apr 25  Before the Bell   0.10
CCMP   Cabot Microelectronics Thu, Apr 25  Before the Bell   0.35
CP     Canadian Pacific Rlwy  Thu, Apr 25  After the Bell    0.25
CWG    CanWest Global Comm    Thu, Apr 25  -----N/A-----      N/A
CRA    Celera Genomics        Thu, Apr 25  Before the Bell  -0.49
CELG   Celgene                Thu, Apr 25  Before the Bell  -0.01
CTL    CenturyTelephone Entpr Thu, Apr 25  Before the Bell   0.48
CVX    ChevronTexaco Corp.    Thu, Apr 25  Before the Bell   0.70
CINF   Cincinnati Financial   Thu, Apr 25  Before the Bell   0.40
CIN    Cinergy                Thu, Apr 25  -----N/A-----     0.59
CNH    CNH Global N.V.        Thu, Apr 25  -----N/A-----    -0.25
KOF    Coca-Cola FEMSA, S.A.  Thu, Apr 25  Before the Bell   0.36
COLM   Columbia Sportswear    Thu, Apr 25  After the Bell    0.17
CTC    Comp de Telecom Chile  Thu, Apr 25  After the Bell    0.05
COC    Conoco                 Thu, Apr 25  Before the Bell   0.20
CNX    CONSOL Energy          Thu, Apr 25  Before the Bell   0.09
COCO   Corinthian Colleges    Thu, Apr 25  Before the Bell   0.42
CUM    Cummins Inc.           Thu, Apr 25  -----N/A-----    -0.79
DLTR   Dollar Tree Stores     Thu, Apr 25  After the Bell    0.13
DOW    Dow Chemical           Thu, Apr 25  Before the Bell   0.09
EMN    Eastman Chemical       Thu, Apr 25  After the Bell    0.33
EK    Eastman Kodak           Thu, Apr 25  Before the Bell   0.10
EEP    Enbridge Energy Part   Thu, Apr 25  After the Bell    0.34
ECA    EnCana Corporation     Thu, Apr 25  -----N/A-----     0.29
ELE    Endesa, S.A.           Thu, Apr 25  Before the Bell    N/A
ENDP   Endo Pharm Hldngs Inc. Thu, Apr 25  Before the Bell  -0.02
ENR    Energizer Holdings     Thu, Apr 25  Before the Bell   0.09
ETR    Entergy                Thu, Apr 25  -----N/A-----     0.75
ENZN   Enzon                  Thu, Apr 25  After the Bell    0.26
EXLT   EXULT                  Thu, Apr 25  After the Bell   -0.07
FMX    FEMSA                  Thu, Apr 25  -----N/A-----     0.66
FNF    Fidelity National Fin  Thu, Apr 25  Before the Bell   0.92
FAF    First American Fin     Thu, Apr 25  Before the Bell   0.55
FLEX   Flextronics            Thu, Apr 25  -----N/A-----     0.12
BEN    Franklin Resources     Thu, Apr 25  After the Bell    0.47
GLK    Great Lakes Chemical   Thu, Apr 25  After the Bell    0.00
HR     Healthcare Realty Trst Thu, Apr 25  After the Bell    0.67
IDA    Idacorp Holding        Thu, Apr 25  Before the Bell   0.65
IKN    Ikon Office Solutions  Thu, Apr 25  Before the Bell   0.20
IGL    IMC Global             Thu, Apr 25  Before the Bell   0.03
IM     Ingram Micro           Thu, Apr 25  -----N/A-----     0.06
IDCO   Interactive Data Corp  Thu, Apr 25  -----N/A-----     0.18
IFF    Intl Flvrs & Frgrnces  Thu, Apr 25  Before the Bell   0.44
IRF    International Rect     Thu, Apr 25  After the Bell    0.19
IVGN   Invitrogen             Thu, Apr 25  After the Bell    0.41
SFI    iStar Financial Inc.   Thu, Apr 25  -----N/A-----      N/A
JDSU   JDS Uniphase           Thu, Apr 25  After the Bell   -0.02
JBLU   Jetblue Airways Corp   Thu, Apr 25  Before the Bell    N/A
K      Kellogg                Thu, Apr 25  Before the Bell   0.35
KEG    Key Energy Services    Thu, Apr 25  Before the Bell   0.01
KSE    KeySpan Corporation    Thu, Apr 25  Before the Bell   1.50
LPX    Louisiana-Pacific      Thu, Apr 25  Before the Bell  -0.03
LYO    Lyondell Chemical      Thu, Apr 25  Before the Bell  -0.35
MLM    Martin Marietta Mat    Thu, Apr 25  -----N/A-----    -0.18
MEDI   MedImmune              Thu, Apr 25  Before the Bell   0.29
MENT   Mentor Graphics        Thu, Apr 25  After the Bell    0.09
MCHP   Microchip Technology   Thu, Apr 25  After the Bell    0.19
NFG    National Fuel Gas      Thu, Apr 25  After the Bell    0.70
NHP    Nationwide Health Prop Thu, Apr 25  Before the Bell   0.49
NIPNY  NEC (ADR)              Thu, Apr 25  -----N/A-----      N/A
NFX    Newfield Exploration   Thu, Apr 25  Before the Bell   0.36
OXY    Occidental Petroleum   Thu, Apr 25  Before the Bell   0.19
OEI    Ocean Energy           Thu, Apr 25  Before the Bell   0.09
ORI    Old Republic Int       Thu, Apr 25  -----N/A-----     0.72
IX     Orix                   Thu, Apr 25  Before the Bell    N/A
OVER   Overture Services, Inc Thu, Apr 25  After the Bell    0.33
POC    P & O Princess Cruises Thu, Apr 25  -----N/A-----     0.06
PTV    Pactiv                 Thu, Apr 25  After the Bell    0.23
PSFT   PeopleSoft             Thu, Apr 25  -----N/A-----     0.14
PKI    PerkinElmer            Thu, Apr 25  Before the Bell   0.00
P      Phillips Petroleum     Thu, Apr 25  During the Market-0.04
POM    Potomac Electric       Thu, Apr 25  After the Bell    0.34
PDE    Pride International    Thu, Apr 25  After the Bell   -0.01
PL     Protective Life        Thu, Apr 25  -----N/A-----     0.60
DSS    Quantum-DLT & Storage  Thu, Apr 25  After the Bell   -0.07
IQW    Quebecor World         Thu, Apr 25  -----N/A-----     0.26
RDA    Reader`s Digest Asoc   Thu, Apr 25  Before the Bell   0.16
O      Realty Income Corp     Thu, Apr 25  -----N/A-----     0.68
RBK    Reebok International   Thu, Apr 25  Before the Bell   0.56
RGA    Reinsurance Grp of Am  Thu, Apr 25  After the Bell    0.64
RESP   Respironics            Thu, Apr 25  -----N/A-----     0.36
RAD    Rite Aid Corporation   Thu, Apr 25  -----N/A-----    -0.11
SCG    SCANA                  Thu, Apr 25  Before the Bell   0.73
SMG    Scotts                 Thu, Apr 25  Before the Bell   1.71
SCRI   SICOR                  Thu, Apr 25  Before the Bell   0.17
SI     Siemens                Thu, Apr 25  Before the Bell    N/A
SNE    Sony                   Thu, Apr 25  Before the Bell    N/A
SPC    St. Paul Companies     Thu, Apr 25  Before the Bell   0.76
SFG    StanCorp Financial Grp Thu, Apr 25  Before the Bell   0.94
SBUX   Starbucks              Thu, Apr 25  After the Bell    0.10
HOT    Starwood Hotels&Resrt  Thu, Apr 25  Before the Bell   0.05
STE    Steris                 Thu, Apr 25  Before the Bell   0.23
SV     Stilwell Financial     Thu, Apr 25  -----N/A-----     0.42
SU     Suncor Energy          Thu, Apr 25  -----N/A-----      N/A
SLVN   Sylvan Learning Syst   Thu, Apr 25  Before the Bell   0.13
TTEC   TeleTech Holdings      Thu, Apr 25  After the Bell    0.09
PZB    The Pittston Company   Thu, Apr 25  -----N/A-----     0.19
TDW    Tidewater              Thu, Apr 25  Before the Bell   0.47
TTN    Titan                  Thu, Apr 25  After the Bell    0.10
TRH    Transatlantic Hldngs   Thu, Apr 25  Before the Bell   1.04
TXU    TXU Corp.              Thu, Apr 25  Before the Bell   1.01
TYC    Tyco International     Thu, Apr 25  Before the Bell   0.63
UL     Unilever PLC           Thu, Apr 25  Before the Bell    N/A
UNP    Union Pacific          Thu, Apr 25  Before the Bell   0.83
UCL    Unocal                 Thu, Apr 25  Before the Bell   0.15
UPM    UPM-Kymmene Group      Thu, Apr 25  Before the Bell    N/A
VCI    Valassis               Thu, Apr 25  Before the Bell   0.61
VAR    Varian Medical         Thu, Apr 25  After the Bell    0.31
VARI   Varian, Inc.           Thu, Apr 25  Before the Bell   0.34
VRSN   VeriSign               Thu, Apr 25  After the Bell    0.20
VIAb   Viacom                 Thu, Apr 25  Before the Bell   0.16
VVI    Viad                   Thu, Apr 25  Before the Bell   0.19
DIS    Walt Disney            Thu, Apr 25  After the Bell    0.10
WLP    WellPoint Health Net   Thu, Apr 25  Before the Bell   0.94
WDC    Western Digital        Thu, Apr 25  After the Bell    0.08
WMB    Williams Companies     Thu, Apr 25  Before the Bell   0.41
WIN    Winn-Dixie Stores      Thu, Apr 25  After the Bell    0.28
WCOM   WrldCm Inc.-WrldCm Grp Thu, Apr 25  -----N/A-----     0.17
XTO    XTO Energy             Thu, Apr 25  Before the Bell   0.41
ZMH    Zimmer Inc.            Thu, Apr 25  Before the Bell   0.25

------------------------- FRIDAY -------------------------------

BNN    Brascan Corporation    Fri, Apr 26  -----N/A-----      N/A
CAJ    Canon                  Fri, Apr 26  Before the Bell    N/A
CFB    Commercial Federal     Fri, Apr 26  Before the Bell   0.59
BVN    Comp Minas Buenavent   Fri, Apr 26  -----N/A-----     0.37
CEG    Cnstelation Enrgy Grp  Fri, Apr 26  Before the Bell   0.46
EAS    Energy East            Fri, Apr 26  After the Bell    0.89
HIT    Hitachi Limited        Fri, Apr 26  -----N/A-----      N/A
HMC    Honda Motor            Fri, Apr 26  Before the Bell    N/A
KIM    Kimco Realty           Fri, Apr 26  Before the Bell   0.75
MC     Matsushita Electric    Fri, Apr 26  Before the Bell    N/A
MIR    Mirant Corporation     Fri, Apr 26  During the Market 0.30
NOI    National-Oilwell       Fri, Apr 26  Before the Bell   0.28
PGL    Peoples Energy         Fri, Apr 26  Before the Bell   1.50
PIO    Pioneer Corporation    Fri, Apr 26  -----N/A-----      N/A
TCP    Tele Celar Particip    Fri, Apr 26  After the Bell   -0.31
TRP    TransCanada Pipelines  Fri, Apr 26  -----N/A-----     0.24
TRN    Trinity Industries     Fri, Apr 26  After the Bell   -0.20
UN     Unilever N.V.          Fri, Apr 26  -----N/A-----      N/A
VAL    Valspar                Fri, Apr 26  -----N/A-----     0.63
VRC    Varco                  Fri, Apr 26  Before the Bell   0.22
WCI    Wci Communities, Inc.  Fri, Apr 26  -----N/A-----     0.41


  -------------------------------
  Upcoming Stock Splits In The Next Two Weeks...
  -------------------------------

Symbol  Company Name              Ratio    Payable     Executable

FSBK    First South Bancorp       3:2      04/19       04/22
PGR     Progressive               3:1      04/19       04/22
ONFC    Oneida Financial          3:2      04/23       04/24
DF      Dean Foods                2:1      04/23       04/24
APOL    Apollo Group              3:2      04/24       04/25
UOPX    University of Phoenix     4:3      04/24       04/25
DCOM    Dime Community Bank       3:2      04/24       04/25
MTH     Meritage Corp             2:1      04/25       04/26
PRHC    Province Healthcare       3:2      04/29       04/30
CUB     Cubic Corp                3:1      04/29       04/30
OPTN    Option Care               5:4      04/30       05/01
PFCB    P.F. Changs               2:1      04/30       05/01
DRI     Darden Restaurants        3:2      05/01       05/02
ABM     ABM Industries            2:1      05/03       05/06


  --------------------------
  Economic Reports This Week
  --------------------------

Wall Street moves full swing into the second big week of earnings
and they will continue to steal the spotlight from the economic
reports.  However, analysts will probably be watching the 
Wednesday home sales #s and the Fed's Beige Book report, plus
the Employment Cost index on Thursday.

==============================================================
                       -For-           
Monday, 04/22/02
----------------
.. None ..


Tuesday, 04/23/02
-----------------
.. None ..


Wednesday, 04/24/02
-------------------
Durable Orders (BB)      Mar  Forecast:   0.5%  Previous:    1.8%
New Home Sales (DM)      Mar  Forecast:   880K  Previous:    875K
Fed’s Beige Book (AB)


Thursday, 04/25/02
------------------
Initial Claims (BB)    04/20  Forecast:   425K  Previous:    445K
Employment Cost Index(BB) Q1  Forecast:   0.9%  Previous:    0.9%
Help Wanted Index (DM)   Mar  Forecast:    N/A  Previous:      51
Existing Home Sales (DM) Mar  Forecast:  5.60M  Previous:   5.88M


Friday, 04/26/02
----------------
GDP-Adv. (BB)             Q1  Forecast:   5.0%  Previous:    1.7%
Chain Deflator-Adv. (BB)  Q1  Forecast:   1.5%  Previous:   -0.1%
Mich Sentiment-Rev. (DM) Apr  Forecast:   95.0  Previous:    94.4


Definitions:
DM=  During the Market
BB=  Before the Bell
AB=  After the Bell



==================
  Trading Ideas 
==================

This section contains stocks that meet criteria which may make 
them of interest to long and short side traders.  These are not 
recommendations, nor have they been reviewed by PremierInvestor 
editors for investment potential.  However, each of them has 
technical and fundamental characteristics that make them worthy 
of further review by traders and investors looking for fresh ideas. 
New stocks will appear daily following the market close.  

--------------------------------- 
Value Plays With Bullish Signals 
--------------------------------- 
Ticker  Company Name               Close     Change 

SO      The Southern Company       28.29     +0.54
RY      Royal Bank of Canada       35.21     +1.01
NCC     National City Corp         31.12     +0.60
CMA     Comerica Inc               63.77     +0.53
BR      Burlington Resources Inc   43.30     +1.03
SIVB    Silicon Valley Bancshares  33.58     +1.98

--------------------------------------- 
Breakout to Upside (Stocks $5 to $20) 
--------------------------------------- 
Ticker  Company Name               Close     Change 

IOM     Iomega Corp                13.49     +2.19
INFA    Infomatica Corp             9.09     +1.49
VSNX    Visionics Corp             12.15     +1.19
GIVN    Given Imaging Ltd          13.95     +1.45
PDII    PDI Inc                    19.86     +2.16

--------------------------------------- 
Breakout to Upside (Stocks over $20) 
--------------------------------------- 
Ticker  Company Name               Close     Change 

UNH     Unitedhealth Group Inc     85.78     +1.52
NAB     National Australia Bank    92.89     +1.48
HCA     HCA Inc                    48.01     +1.81
WLP     Wellpoint Health Network   71.54     +1.46
DGX     Quest Diagnostics Inc      89.35     +2.70
STJ     Saint Jude Medical         81.30     +2.45
AET     Aetna Inc                  44.42     +1.29

------------------------------------------- 
Breakout to Downside (Stocks over $20) 
------------------------------------------- 
Ticker  Company Name               Close     Change 

SBC     SBC Communications         32.72     -1.17
BLS     Bellsouth Corp             31.37     -1.33
NTRS    Northern Trust Corp        53.75     -1.20
ZION    Zions Bancorp              56.08     -3.32
IMPH    Impath Inc                 26.17     -8.38

----------------------------------------- 
Recently Overbought With Bearish Signals (Stocks over $20)
------------------------------------------- 
Ticker  Company Name               Close     Change 

ACMR    A.C.Moore Arts & Crafts    43.07     -2.99
ATR     Aptargroup Inc             35.87     -0.74
TCBK    Trico Bancshares           22.95     -1.05




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