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Play Updates

In Play Updates and Reviews

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Long Play Updates

Amer. Egl Outftr - AEOS - cls: 29.55 chg: +0.80 stop: 26.85

AEOS has erased Friday's decline. No other changes from our previous update on 04/03/05.

Picked on March 28 at $28.19
Change since picked: + 1.36
Earnings Date 05/14/05 (unconfirmed)
Average Daily Volume: 1.1 million

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Fresh Del Monte - FDP - close: 30.48 chg: -0.03 stop: 29.89

No change from our previous update dated 04/03/05.

Picked on March 22 at $30.82
Change since picked: - 0.34
Earnings Date 02/15/05 (confirmed)
Average Daily Volume: 201 thousand

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Forest Oil - FST - close: 42.62 chg: +0.62 stop: 38.49

Crude oil tagged another new all-time high today but was unable to maintain its gains. The strength in crude helped push FST to a new three-week high. Volume was above average on today's gain. If FST surprises us with a dip look for support in the $40-41 range. A bounce from support could be used as a new bullish entry point.

Picked on April 03 at $42.00
Change since picked: + 0.62
Earnings Date 05/09/05 (unconfirmed)
Average Daily Volume: 1.0 million

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Innovative Solutions. - ISSC - cls: 33.90 chg: +2.30 stop: 29.49

Positive broker comments and a new "buy" rating helped fuel a 7.2 percent rally in ISSC today. Volume came in above average and the rebound certainly improved the technical picture. Our target remains the $35.00 level.

Picked on March 22 at $31.50
Change since picked: + 2.40
Earnings Date 01/19/05 (confirmed)
Average Daily Volume: 193 thousand

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Technical Olympic - TOA - cls: 24.10 chg: -0.36 stop: 23.45

No change from our previous update dated 04/03/05.

Picked on March 22 at $24.36
Change since picked: - 0.26
Earnings Date 02/16/05 (confirmed)
Average Daily Volume: 135 thousand

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Talbots - TLB - close: 32.25 chg: +0.83 stop: 30.49

No change from our previous update dated 04/03/05.

Picked on March 31 at $31.98
Change since picked: + 0.27
Earnings Date 05/18/05 (unconfirmed)
Average Daily Volume: 408 thousand
 

Short Play Updates

Anheuser Busch - BUD - close: 47.16 chg: +0.03 stop: 48.41

No change from our previous update dated 04/03/05.

Picked on February 7 at $48.32
Gain since picked: - 1.16
Earnings Date 04/27/05 (unconfirmed)
Average Daily Volume: 2.4 million

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Countrywide Fncl - CFC - close: 31.54 chg: -0.26 stop: 34.05

Almost there! CFC came within four cents of hitting our exit range of $30.50-30.35. CFC fell sharply near the opening bell and crawled back toward the 31.80 level by late afternoon only to begin fading lower again. Be cautious. The intraday chart looks like CFC will trade lower but the daily chart shows a "hammer" style candlestick, which can signal a bullish reversal. The stock appears to be ricocheting between the upper and lower boundaries of a descending channel.

Picked on March 09 at $33.36
Change since picked: - 1.72
Earnings Date 04/26/05 (confirmed)
Average Daily Volume: 3.8 million

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Flextronics - FLEX - close: 11.95 chg: +0.05 stop: 12.55

No change from our previous update dated 04/03/05.

Picked on March 16 at $11.95
Change since picked: - 0.00
Earnings Date 04/28/05 (confirmed)
Average Daily Volume: 5.5 million

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Symyx Tech. - SMMX - close: 22.23 chg: +0.14 stop: 24.51

No change from our previous update dated 04/03/05.

Picked on March 21 at $23.79
Change since picked: - 1.56
Earnings Date 02/03/05 (confirmed)
Average Daily Volume: 173 thousand

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West Marine - WMAR - close: 20.49 chg: -0.07 stop: 23.11

No change from our previous update dated 04/03/05.

Picked on March 17 at $21.20
Change since picked: - 0.71
Earnings Date 03/03/05 (confirmed)
Average Daily Volume: 155 thousand
 

Closed Long Plays

Cox Radio - CXR - close: 16.93 chg: -0.42 stop: 16.45

Uh-oh! CXR has almost erased Friday's breakout. Shares lost 2.4 percent on Monday to close back under the $17.00 mark. The two-day candlestick pattern looks like a bearish reversal. We're suggesting traders exit now to avoid any follow through lower.

Picked on March 01 at $16.53
Change since picked: + 0.40
Earnings Date 04/27/05 (unconfirmed)
Average Daily Volume: 334 thousand
 

Closed Short Plays

United Industrial Crp. - UIC - cls: 30.29 chg: +0.68 stop: 31.51

We are going to call it quits on UIC. It is true that the stock does still have plenty of technical resistance overhead with the 21-dma and exponential 200-dma near $31.00 and additional resistance with the 40, 50 and simple 200-dma's near $31.85. Unfortunately, we don't feel comfortable holding short positions with today's rally and close back above the $30.00 level and its MACD producing a new buy signal (actually the MACD turned positive on Friday).

Picked on March 17 at $29.23
Change since picked: + 1.06
Earnings Date 03/16/05 (confirmed)
Average Daily Volume: 181 thousand
 

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