Long Play Updates
Petroleum Dev. - PETD - close: 40.42 chg: +0.54 stop: 38.95
We remain bullish on the oil sector and PETD but this appears to be a case of having our stop loss too tight. Shares dipped under the simple 10-dma and support near $39.00 intraday and tagged our stop loss at $38.95.
Picked on February 6 at $41.33
Short Play Updates
Kohl's - KSS - close: 47.60 change: -0.13 stop: 47.01
We are kicking KSS off the play list. The stock has never traded low enough to break support near $45.00 or its trendline of rising lows. Our trigger to short it was at 44.49, which has not been hit. Yesterday's upgrade to a "buy" from AG Edwards has broken the three-month trendline of lower highs. Longer-term KSS remains in a bearish trend and we will keep the stock in mind as a bearish candidate going forward.
Picked on January xx at $xx.xx <-- see TRIGGER
Closed Long PLays
Closed Short Plays