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Long Play Updates

LM Ericsson - ERICY - close: 34.21 chg: -0.55 stop: 33.75

ERICY dipped toward support at the $34.00 level, bolstered by its simple 50-dma. This may prove to be a new bullish entry point for the stock but we would wait for signs of a bounce before initiating positions. Look for a move back over the $35.00 mark if you're feeling cautious.

Picked on August 03 at $35.19
Change since picked: - 0.98
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 1.9 million
 

Short Play Updates

Assured Guaranty - AGO - close: 21.87 chg: -0.28 stop: 23.26

AGO has slipped back down toward the bottom of its short-term trading range. The dip under $21.80 looked like a new bearish entry point but bulls bought the dip again near the closing bell. Enter cautiously. Our target is the $20.50-20.00 range.

Picked on August 10 at $22.39
Change since picked: - 0.24
Earnings Date 08/04/05 (confirmed)
Average Daily Volume: 229 thousand

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Anheuser Busch - BUD - cls: 44.20 chg: -0.25 stop: 46.25

There is no change from our weekend update for BUD. Our target is the $40.25-40.00 range before its October earnings report.

Picked on July 28 at $44.77
Change since picked: - 0.57
Earnings Date 07/27/05 (confirmed)
Average Daily Volume: 2.3 million

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Hansen Natural - HANS - close: 43.18 chg: -1.57 stop: 47.51

Shares of HANS lost 3.5% today. The continuation of yesterday's failed rally looks like a new bearish entry point but more conservative traders may want to wait for the stock to trade back under $42 before initiating positions. Our target is the $38.00-37.50 range.

Picked on August 10 at $43.37
Change since picked: - 0.19
Earnings Date 08/09/05 (confirmed)
Average Daily Volume: 1.1 million

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Intl Game Tech. - IGT - cls: 26.74 chg: -0.20 stop: 28.51

There is nothing new to report for IGT. The multi-week trend of lower highs remains intact. Our target is the $24.50-24.00 range.

Picked on July 21 at $27.21
Change since picked: - 0.47
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 2.3 million

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Juniper Networks - JNPR - cls: 23.56 chg: -0.10 stop: 24.70

JNPR is still churning sideways in its three-week trading range. We're not suggesting new plays at this time. More conservative traders may want to adjust their stops toward the $24.00 level. Looking at JNPR's peers today we see that CSCO is breaking down to new relative lows but FFIV is rebounding higher.

Picked on July 21 at $23.90
Change since picked: - 0.34
Earnings Date 07/19/05 (confirmed)
Average Daily Volume: 7.5 million

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Jos. A. Bank - JOSB - close: 37.78 change: +0.66 stop: 40.01

JOSB has produced yet another failed rally in its current down trend but the stock was able to maintain some of its gains. Readers looking for a new entry might want to take a closer look here. Our target is the $35.50-35.00 range.

Picked on August 16 at $39.95
Change since picked: - 2.17
Earnings Date 09/08/05 (unconfirmed)
Average Daily Volume: 297 thousand

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O M I Corp - OMM - close: 17.42 change: +0.77 stop: 18.01

Red alert! OMM surged higher today and hit $17.81 near its exponential 200-dma before paring its gains. OMM added 4.6% but it appears that almost the whole oil tanking industry saw their stocks move higher today. One can only assume it's a reaction to crude oil's new high. Oddly enough the group seemed disconnected to the rise in oil over the past few months so to see a one-day spike like this without any specific news is unexpected. We are not suggesting new plays. Conservative players may want to actually consider exiting right here to preserve their capital. The stock is still trading under resistance at the $18.00 mark so we're going to leave the play open.

Picked on August 14 at $17.20
Change since picked: + 0.22
Earnings Date 07/25/05 (confirmed)
Average Daily Volume: 1.4 million

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Royal Caribbean - RCL - cls: 44.48 chg: -0.55 stop: 47.01

Good news. The bounce in RCL appears to have reversed. This looks like a new bearish entry point. Our target is the $41.25-41.00 range.

Picked on July 27 at $45.50
Change since picked: - 1.02
Earnings Date 07/27/05 (confirmed)
Average Daily Volume: 1.3 million

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Wal-Mart - WMT - close: 45.55 change: -0.79 stop: 48.01

Heads up! Dow-component and retail titan Wal-Mart has broken down through support at the $46.00 level. Our suggested entry point to short the stock was $45.95 so the play is now open. Volume was pretty heavy today at 50% above the norm and that should suggest more weakness ahead. Daily technicals are bearish and its weekly chart's MACD has just produced a new sell signal. The Point & Figure chart is bearish with a $37 target. While the play is open and we would short the stock here some traders may want to be patient and look for an oversold bounce back toward the $46.00-46.50 region before initiating positions. Our target is the $42.25-42.00 range.

Picked on August 24 at $45.95
Change since picked: - 0.40
Earnings Date 08/16/05 (confirmed)
Average Daily Volume: 10.2 million

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Xilinx - XLNX - close: 27.19 chg: -0.23 stop: 28.01

Semiconductor stock XLNX almost stopped us out today with a rally to $27.90 but the rally just couldn't push any farther despite multiple attempts to run higher. XLNX reversed course midday and gave it all back. This looks like a new bearish entry point but we're really not suggesting new positions at this time. Our target is the $26.10-26.00 range.

Picked on August 04 at $27.91
Change since picked: - 0.72
Earnings Date 07/21/05 (confirmed)
Average Daily Volume: 6.1 million
 

Closed Long Plays

None Today.

Closed Short Plays

LifePoint Hosp. - LPNT - cls: 46.04 chg: +0.54 stop: 46.51

We are choosing to exit early in LPNT. Yesterday we lowered the stop loss to $46.51 to reduce our risk. The stock came close to hitting our stop today with today's bounce. We don't like this show of strength on a day that most of the market is turning lower.

Picked on August 16 at $ 44.95
Change since picked: + 1.09
Earnings Date 07/27/05 (confirmed)
Average Daily Volume = 686 thousand
 

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