Long Play Updates
CB Rich. Ellis Grp - CBG - cls: 43.86 chg: +0.72 stop: 39.99
No change from our previous update. Our target is the $44.50-45.00 range.
Picked on June 20 at $41.40
Cameco - CCJ - close: 44.75 chg: -0.03 stop: 41.47
No change from Monday's update. CCJ looks poised to breakout over the $45.00 level.
Picked on June 27 at $44.14
Caremark - CMX - close: 44.52 chg: +0.18 stop: 42.45
News that a broker has resumed coverage on CMX with an "out perform" rating probably helped push the stock toward its highs for the session near $45.00. We note that the MACD is nearing a new buy signal. No change from our weekend update.
Picked on May 09 at $43.30
Deckers Outdoor - DECK - cls: 24.60 chg: -0.40 stop: 23.95
We are not suggesting bullish positions with DECK under round-number support/resistance at the $25.00 level. More conservative traders might want to wait for DECK to trade over $25.20 before initiating new bullish positions here.
Picked on June 22 at $25.88
Short Play Updates
Amazon.com - AMZN - close: 33.09 chg: -0.26 stop: 34.81
No change from yesterday's update.
Picked on June 29 at $33.35
Forward Ind. - FORD - close: 15.99 chg: -1.24 stop: 18.35*new*
FORD produced some follow through to the recent bearish action in the stock and lost more than seven percent today although we do note that volume appeared to be light. Our target is the $14.50-14.00 range although more conservative traders may want to exit near $15.00. We are lowering the stop loss to $18.35 tonight.
Picked on June 29 at $17.23
Lear Corp - LEA - close: 36.38 chg: -0.63 stop: 38.51
It does look like the recent bounce has produced a failed rally and we would suggest new bearish entry points here. Our target is the $31.00-30.00 range.
Picked on June 26 at $36.37
Rogers Corp - ROG - close: 40.55 change: -0.12 stop: 43.01
No change from our previous update.
Picked on June 20 at $42.40
Closed Long Plays
Closed Short Plays