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Long Play Updates

Burlington Coat - BCF - close: 39.90 chg: -0.61 stop: 38.90

Uh-oh! BCF has now broken below short-term support at its simple 10-dma and the $40.00 mark. This could be bad news, especially as the MACD indicator nears a new sell signal. More conservative traders may want to exit early right here. If BCF doesn't rebound tomorrow we'll probably exit early the next session.

Picked on October 24 at $38.90
Change since picked: + 1.04
Earnings Date 10/06/05 (confirmed)
Average Daily Volume: 165 thousand

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Csk Auto - CAO - close: 15.44 change: -0.04 stop: 15.19

We only have a few days left before we plan to exit CAO ahead of its earnings report. We're not suggesting new positions. More conservative traders may want to exit right here to avoid further losses.

Picked on November 02 at $15.58
Change since picked: - 0.14
Earnings Date 12/05/05 (unconfirmed)
Average Daily Volume: 388 thousand

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CE Frankline Ltd - CFK - cls: 11.72 chg: -0.08 stop: 10.49

CFK experienced more profit taking on Tuesday morning but managed to rebound from the $11.50 level. We would not consider new bullish positions until CFK traded back above the $12.00 mark again. More conservative traders may want to put their stops closer to $11.00.

Picked on November 16 at $11.98
Change since picked: - 0.26
Earnings Date 10/27/05 (confirmed)
Average Daily Volume: 150 thousand

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Cree Inc. - CREE - close: 26.83 change: -0.12 stop: 24.89

We don't see any change from our previous update. CREE has pulled back a bit but remains in an up trend. If shares continue to dip the $26 level should offer support. Our target will be the $30.00-31.00 range.

Picked on November 20 at $26.89
Change since picked: - 0.06
Earnings Date 01/19/06 (unconfirmed)
Average Daily Volume: 1.2 million

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D.R.Horton - DHI - close: 35.50 chg: -0.07 stop: 32.45

Housing stocks initially got a boost after a better than expected new home sales report this morning. Unfortunately, the group failed to hold its gains, including shares of DHI. Meanwhile in the news DHI announced a $500 million stock buy back program, which should be bullish for the stock longer-term. DHI is testing short-term support at the 10-dma. A bounce from here could be used as a new entry point but we suspect that the stock will continue lower and test the $35.00 mark. Our target for DHI is the $39.75-40.00 range.

Picked on November 21 at $35.85
Change since picked: - 0.35
Earnings Date 11/16/05 (confirmed)
Average Daily Volume: 3.2 million

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eBay Inc. - EBAY - close: 44.50 change: -0.87 stop: 42.45

Uh-oh! EBAY has continued to sell-off and lost another 1.9% to breakdown under its simple 10-dma and what should have been support at the $45.00 level. This does not bode well and more conservative traders may want to exit right here! We might exit early if EBAY continues lower and closes under the $44.00 level. Under $44 the $42 level is the next level of support.

Picked on November 21 at $45.10
Change since picked: - 0.60
Earnings Date 01/18/06 (unconfirmed)
Average Daily Volume: 17.2 million

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Corning Inc. - GLW - close: 20.30 chg: -0.07 stop: 19.89

Early strength in GLW this morning did not hold and the stock looks poised to test round-number support at the $20.00 mark. We are not suggesting new bullish positions but we'll certainly watch for a potential entry point in a bounce from the $20 level. Our target is the $21.90-22.00 range.

Picked on November 13 at $20.11
Change since picked: + 0.19
Earnings Date 01/25/06 (unconfirmed)
Average Daily Volume: 11.8 million

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Kraft Foods - KFT - close: 29.77 chg: -0.00 stop: 28.89

It was a mild day for KFT, which spent most of the session in a tight trading range. The lack of weakness is a positive sign for the stock but we still expect KFT to test the $29.50 level. Wait for the bounce before considering new long positions. We plan on riding KFT into January up to its mid-month earnings report. The P&F chart for KFT points to a $48 target. Our target is the $32.50 mark.

Picked on November 23 at $30.06
Change since picked: - 0.29
Earnings Date 01/17/06 (unconfirmed)
Average Daily Volume: 1.6 million

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VCA Antech - WOOF - close: 28.17 chg: +0.11 stop: 25.90

We don't see any change from our previous update on WOOF. The stock is doing a relatively good job of holding on to its November gains. The stock does look a bit overbought here so we're not suggesting new bullish positions. A bounce from the $27.00 or $27.50 level would look like a more attractive entry point. Our target is the $29.90-30.00 range.

Picked on November 09 at $26.74
Change since picked: + 1.43
Earnings Date 10/26/05 (confirmed)
Average Daily Volume: 436 thousand
 

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