Long Play Updates
LM Ericsson - ERICY - close: 35.38 chg: -0.63 stop: 33.75*new*
Well we've been telling readers to watch for a dip into the $35.00-35.50 range and that's what ERICY provided today. A bounce from here could be used as a new bullish entry point. We're going to raise our stop loss to $33.75 near the simple 50-dma.
Picked on August 03 at $35.19
Short Play Updates
Assured Guaranty - AGO - close: 22.15 chg: -0.02 stop: 23.26*new*
AGO continues to consolidate sideways in a narrow range. We remain bearish but need to leave room for AGO to bounce back toward the 10-dma near $22.50. We are lowering the stop loss to $23.26. Our target is $20.50-20.00.
Picked on August 10 at $22.39
A.S.V.Inc - ASVI - close: 46.13 chg: +0.71 stop: 48.01 *new*
We have nothing new to report on for ASVI. We're not suggesting new plays at this time. We are adjusting our target to the simple 200-dma, which is currently near $41.00. We are also lowering the stop loss to $48.01.
Picked on July 28 at $45.87
ATI Tech. - ATYT - close: 11.86 change: +0.06 stop: 12.55*new*
There is no change from our previous updates in ATYT. Our target is still the $11.50 level. We're lowering our stop loss to $12.55.
Picked on July 17 at $12.83
Anheuser Busch - BUD - cls: 44.36 chg: +0.10 stop: 46.25
BUD's long-term pattern continues to point lower. Our target is the $40 region by its October earnings.
Picked on July 28 at $44.77
Hansen Natural - HANS - close: 43.38 chg: -0.21 stop: 47.51
There is no change from our previous update. HANS continues to consolidate sideways under its simple 50-dma, which is acting as overhead resistance. Our target is the $38-37 range.
Picked on August 10 at $43.37
Intl Game Tech. - IGT - cls: 26.79 chg: +0.27 stop: 28.51
IGT hit a new relative low this morning. We see no changes from our previous update. Our target is the $24.50-24.00 range.
Picked on July 21 at $27.21
Juniper Networks - JNPR - cls: 23.48 chg: -0.12 stop: 24.70
JNPR is just oscillating sideways now between $23.00 and $24.00. We would not suggest new positions at this time but continue to target the $21.50-21.00 range.
Picked on July 21 at $23.90
Jos. A. Bank - JOSB - close: 38.57 change: -1.38 stop: 42.21
JOSB is off to a decent start with a 3.45% decline today on volume that's more than double its average. Shares confirmed the breakdown under $40.00 and also broke down under its simple 100-dma. Our target is the $35.50-35.00 range. Don't forget that we plan to exit before JOSB's September earnings report.
Picked on August 16 at $39.95
LifePoint Hosp. - LPNT - cls: 45.59 chg: +0.16 stop: 47.26
LPNT tried to bounce this morning but the rally failed at its 100-dma. We remain bearish but would not consider new positions until LPNT traded back under the $45.00 mark. Our target is the 200-dma near $41.50.
Picked on August 16 at $ 44.95
O M I Corp - OMM - close: 16.24 change: -0.42 stop: 18.01*new*
Oil-related stocks were hit hard today with profit taking and OMM was no exception. Shares lost 2.5% on very strong volume, which normally suggests more weakness ahead. We're lowering the stop loss to $18.01. Our target is the $15.25-15.00 range.
Picked on August 14 at $17.20
Royal Caribbean - RCL - cls: 43.97 chg: -0.06 stop: 47.01
We see no change from our previous update. Readers might watch for a bounce back toward the $45.00 level or more correctly a failed rally near the $45.00 level as a new entry point for shorts. Our target is the $41.25-41.00 range.
Picked on July 27 at $45.50
Xilinx - XLNX - close: 26.70 chg: +0.03 stop: 28.26
XLNX continues to channel lower. We see no changes from our Tuesday update. Our target is the $26.10-26.00 range.
Picked on August 04 at $27.91
Yellow Roadway - YELL - close: 51.46 chg: +1.17 stop: 54.01
YELL's rebound today failed at the $52.00 level near its exponential 200-dma. Readers may want to use this as a new bearish entry point to short the stock. Our target is the $48.50-48.00 range.
Picked on August 08 at $51.77
Closed Long Plays
Closed Short Plays
D.R.Horton - DHI - close: 35.30 change: -0.48 stop: 38.45
Target achieved. Homebuilders continued to see some profit taking today and shares of DHI tested its 100-dma near $34.75. The top of our target range was the $35.00 level.
Picked on August 07 at $38.45
PAR Tech - PTC - close: 24.96 chg: -2.37 stop: 31.01
Target achieved and surpassed. The sell-off did indeed pick up speed in PTC and shares lost another 8.6% today on very strong volume. PTC broke down below its 100-dma and round-number support at the $25.00 level. Our target was the $25.25-25.00 range.
Picked on August 15 at $29.40