Long Play Updates
CB Richard Ellis - CBG - cls: 36.07 chg: -0.83 stop: 35.39
We're suggesting caution here. CBG has pulled back toward the $36.00 level and is nearing technical support at its simple 40-dma. We would suggest waiting for signs of a bounce before considering new positions. If CBG breaks the 40-dma it will be in danger of hitting our stop loss. More aggressive traders may want to consider moving their stop loss under the 50-dma and the $35.00 mark.
Picked on March 07 at $37.15
Cox Radio - CXR - close: 16.98 chg: +0.16 stop: 15.39
CXR is looking stronger today. The stock is breaking out over its exponential 200-dma with today's gain. The move could be fueled by a Forbes article today suggesting that CXR is considering a sale of some of its cable operations to pay off debt.
Picked on March 01 at $16.53
First American - FAF - close: 36.02 chg: -0.23 stop: 35.29
We are suggesting caution for bulls in FAF. The stock continues to sink towards support near $36.00, the 50-dma and the bottom of its rising channel. We would only consider new bullish positions on a bounce (probably over 36.50 or 37.00). If you're long FAF double-check your stop losses in case FAF breaks support.
Picked on February 27 at $36.63
Short Play Updates
Closed Long Plays
Closed Short Plays