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Long Play Updates

Burlington Coat - BCF - close: 39.32 chg: +0.97 stop: 36.45

After a brief dip to the simple 50-dma bulls bought the bounce and pushed BCF over resistance at the $39.00 level. If you haven't picked an entry point yet this looks like a new one to get long the stock. Our target is the $43.50-44.00 range.

Picked on October 24 at $38.90
Change since picked: + 0.42
Earnings Date 10/06/05 (confirmed)
Average Daily Volume: 165 thousand

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Csk Auto - CAO - close: 15.75 change: +0.43 stop: 14.75

CAO produced a big bounce today. Shares dipped toward their 50-dma and then rallied sharply added 2.8% by the closing bell. Our target is the $17.50 mark.

Picked on November 02 at $15.58
Change since picked: + 0.17
Earnings Date 12/02/05 (unconfirmed)
Average Daily Volume: 388 thousand

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Intel Corp. - INTC - close: 25.24 chg: +0.44 stop: 23.45 *new*

Big news today helped push INTC over big resistance. The company announced a 25% increase in its cash dividend and it raised its stock buy back program from $7.8 billion to $25 billion. This news helped fuel a rally through resistance at its simple 200-dma and the $25.00 mark. We are raising the stop loss to $23.45. Our year-end target is the $26.00-26.50 range.

Picked on November 06 at $ 23.99
Change since picked: + 1.25
Earnings Date 10/18/05 (confirmed)
Average Daily Volume = 51.6 million

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IPC Holdings - IPCR - close: 29.01 chg: +0.27 stop: 26.99

IPCR also bounced from its intraday low and closed the session with a 0.9% gain. Shares look poised to continue higher tomorrow. Our short-term target is the $29.95-30.00 range but more aggressive traders may want to aim higher.

Picked on November 02 at $28.15
Change since picked: + 0.86
Earnings Date 10/25/05 (confirmed)
Average Daily Volume: 408 thousand

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Martek Biosciences - MATK - cls: 30.70 chg: -0.03 stop: 29.85

MATK continues to display relative weakness and we're getting close to dropping the play unopened. Our suggested entry point is a trigger at $32.05. Until MATK trades at or above this level we'll sit on the sidelines. If we are triggered our target is the $35.00 mark.

Picked on November xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 12/09/05 (unconfirmed)
Average Daily Volume: 864 thousand

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Patterson Companies - PDCO - close: 42.75 chg: +1.08 stop: 38.99

PDCO took advantage of the market's strength and pressed higher to close with a 2.59% gain and a new three-month high. Our target is the $44-45 range. We plan to exit before the company announces earnings in late November.

Picked on October 30 at $40.85
Change since picked: + 1.90
Earnings Date 11/23/05 (unconfirmed)
Average Daily Volume: 1.2 million

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VCA Antech - WOOF - close: 26.83 chg: +0.09 stop: 25.90

Hmm... considering the market's strength today we're a little surprised that WOOF didn't respond with a bigger gain today. The stock is moving in the right direction but more conservative traders may want to wait for a move over $27 before initiating new longs. We are going to target a rise into the $29.90-30.00 range. Our time frame is eight weeks.

Picked on November 09 at $26.74
Change since picked: + 0.09
Earnings Date 10/26/05 (confirmed)
Average Daily Volume: 436 thousand
 

Short Play Updates

Phazar - ANTP - close: 12.65 change: +0.05 stop: 15.01

The good news here is that ANTP's 5-cent gain today doesn't look like the stock participated much in today's market rally. We're not suggesting new positions at this time. Our seven-week target is the $10.20-10.00 range. Remember, this is an aggressive, high-risk short.

Picked on November 03 at $13.32
Change since picked: - 0.67
Earnings Date 10/10/05 (confirmed)
Average Daily Volume: 182 thousand

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Mentor Graphics - MENT - close: 8.93 chg: +0.24 stop: 8.36

MENT tried to breakout through the top of its trading range again! Resistance at the $9.00 level and its 100-dma held but we're starting to think we need to switch sides and put a trigger above resistance to catch the breakout. We'll watch MENT for another day before making a decision.

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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Packaging Corp. - PKG - close: 20.23 chg: +0.17 stop: 20.55

Uh-oh! Better double-check your stop placement. PKG looks poised to make another attempt at a breakout over resistance at the $20.50 mark and its 100-dma (20.48). Aggressive traders can use a failed rally under $20.50 as a new entry point. We would not suggest new shorts at this time. Our target is the $18.50 mark.

Picked on November 06 at $19.89
Change since picked: + 0.34
Earnings Date 10/17/05 (confirmed)
Average Daily Volume: 470 thousand

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Sanderson Farms - SAFM - close: 33.54 chg: -0.03 stop: 35.55

We don't see any changes from our previous updates on SAFM and we are not suggesting new shorts. Our target is the $32.00-31.00 range.

Picked on October 23 at $35.17
Change since picked: - 1.63
Earnings Date 12/07/05 (unconfirmed)
Average Daily Volume: 257 thousand

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Sysco - SYY - close: 30.70 chg: +0.22 stop: 32.01

The market rally appears to have given SYY a lift today but the rally stalled at the stock's simple 10-dma still overhead. More conservative traders may want to tighten their stops toward the $31 level. Our target is the $28.50-28.00 range.

Picked on November 01 at $30.60
Change since picked: + 0.10
Earnings Date 10/31/05 (confirmed)
Average Daily Volume: 2.4 million

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Tecumseh Prod. - TECUA - close 18.73 chg: -0.23 stop: 20.55

TECUA ignored the market's strength today and sank to another new low. Its MACD appears to have produced a new sell signal. The $19.50 level should act as short-term resistance with the $20.00 mark also acting as round-number resistance. Our target is the $16.00 mark.

Annotated chart:

Picked on November 09 at $18.96
Change since picked: - 0.23
Earnings Date 11/07/05 (confirmed)
Average Daily Volume: 96 thousand
 

Closed Long Plays

None
 

Closed Short Plays

None
 

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