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Play Updates

In Play Updates and Reviews

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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
Change since picked: + 2.46
Earnings Date 08/01/05 (unconfirmed)
Average Daily Volume: 466 thousand

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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
Change since picked: + 0.67
Earnings Date 07/28/05 (unconfirmed)
Average Daily Volume: 989 thousand

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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
Change since picked: + 1.22
Earnings Date 05/03/05 (confirmed)
Average Daily Volume: 2.6 million 

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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
Change since picked: - 1.28
Earnings Date 07/21/05 (unconfirmed)
Average Daily Volume: 753 thousand

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
Change since picked: - 0.26
Earnings Date 07/21/05 (unconfirmed)
Average Daily Volume: 6.0 million 

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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
Change since picked: - 1.24
Earnings Date 07/21/05 (unconfirmed)
Average Daily Volume: 1.4 million 

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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
Change since picked: + 0.01
Earnings Date 07/29/05 (unconfirmed)
Average Daily Volume: 1.4 million 

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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
Change since picked: - 1.85
Earnings Date 07/18/05 (unconfirmed)
Average Daily Volume: 94 thousand

Closed Long Plays

None

Closed Short Plays

None

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