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Long Play Updates

Burlington Coat - BCF - close: 38.25 chg: -0.31 stop: 36.45

BCF spent most of the session trading sideways north of the $38 mark. We see no changes from our previous updates. We remain bullish on BCF but more conservative traders may want to wait for a move over $39 before going long. Our target is the $43.50-44.00 range.

Picked on October 24 at $38.90
Change since picked: - 0.65
Earnings Date 10/06/05 (confirmed)
Average Daily Volume: 165 thousand

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HR Block - HRB - close: 24.74 change: -0.12 stop: 23.49

Tuesday proved to be a quiet session for HRB. The stock traded sideways under round-number resistance at the $25.00 mark. Our target is the simple 200-dma near $25.80.

Picked on October 23 at $24.09
Change since picked: + 0.65
Earnings Date 11/17/05 (confirmed)
Average Daily Volume: 2.1 million

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Outback Stkhse - OSI - close: 37.47 chg: -0.19 stop: 35.75

OSI appears to be struggling with resistance in the $38.00 region bolstered by its simple 40-dma. A bounce from the simple 10-dma near $37.00 could be used as a new bullish entry point. Our target is the $39.90-40.00 range.

Picked on October 23 at $37.21
Change since picked: + 0.26
Earnings Date 10/20/05 (confirmed)
Average Daily Volume: 819 thousand

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Patterson Companies - PDCO - close: 41.49 chg: +0.11 stop: 38.99

We do not see any changes from our previous update on PDCO. A bounce from the $40.50 region could be used as a new entry point. The stock is testing resistance at the 100-dma. Our target is the $44-45 range. We will plan to exit before the company announces earnings in late November.

Picked on October 30 at $40.85
Change since picked: + 0.63
Earnings Date 11/24/05 (unconfirmed)
Average Daily Volume: 1.2 million
 

Short Play Updates

Elkcorp - ELK - close: 31.72 chg: +0.09 stop: 32.51

The short-term trading in ELK would suggest the stock is poised to breakout over resistance at the $32.00 mark. Yet until that happens the pattern remains bearish. We are not suggesting new positions at this time. Conservative traders can watch for a breakdown under $30.00 as a new entry point.

Picked on October 27 at $30.49
Change since picked: + 1.23
Earnings Date 10/21/05 (confirmed)
Average Daily Volume: 205 thousand

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Mentor Graphics - MENT - close: 8.32 chg: +0.05 stop: 8.36

We remain on the sidelines. MENT has been stuck in a trading range between $7.85 and $9.00 for months. Our trigger to short the stock is at $7.80. If triggered we'll target a decline to the $6.55 mark.

Picked on October xx at $xx.xx <-- see Trigger
Change since picked: + 0.00
Earnings Date 10/20/05 (confirmed)
Average Daily Volume: 713 thousand

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Sanderson Farms - SAFM - close: 34.23 chg: -0.28 stop: 36.11

The oversold bounce in SAFM appears to have stalled at its simple 10-dma. We are not suggesting new plays at this time. Our target is the $32.00-31.00 range.

Picked on October 23 at $35.17
Change since picked: - 0.94
Earnings Date 12/07/05 (unconfirmed)
Average Daily Volume: 257 thousand
 

Closed Long Plays

None
 

Closed Short Plays

None
 

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