Long Play Updates
Encore Acquisition - EAC - close: 39.10 change: +0.20 stop: 37.75*new*
Heads up! EAC dipped toward the $38.00 level this morning but traders bought that dip and sent the stock to a new high of $39.93 this afternoon. Unfortunately, that's not quite good enough to hit our target at the $40.00 mark. However, given the market environment readers may want to strongly consider exiting here for a profit. We are going to raise our stop loss to $37.75.
Picked on January 27 at $36.10
FTO is also pulling back as the markets slip lower. Today's breakdown under the simple 10-dma might be a good warning for our readers to do their own profit taking. Technicals have turned bearish!
Picked on January 27 at $27.05
Short Play Updates
Closed Long Plays
Closed Short Plays