Long Play Updates
ANSYS Inc. - ANSS - close: 41.76 change: -0.12 stop: 40.89
There is no change from our previous update on ANSS. We remain on the sidelines. We are suggesting a trigger at $44.05 to open the play. If triggered we'll target a move into the $49-50 range by the end of January.
Picked on December xx at $xx.xx <-- see TRIGGER
Anglogold - AU - close: 46.90 change: -0.03 stop: 41.95
Gold stocks pulled back a bit on Tuesday but AU closed well off its worse levels of the session. We don't believe the pull back in gold stocks is over just yet. Watch for a dip toward the 10-dma near 45.00. A bounce from the 10-dma could be used as a new entry point. Our target is the $49.50-50.00 range.
Picked on December 06 at $44.81
Burlington Coat - BCF - close: 41.07 chg: -0.14 stop: 38.90
Tuesday was a mixed session for retailers. BCF seems to be losing altitude and could dip back toward round-number support at $40.00. We are not suggesting new plays at this time. We are going to raise our stop loss to $39.90. More conservative traders may want to exit right here! Our year-end target is the $43.50 level.
Picked on October 24 at $38.90
CE Frankline Ltd - CFK - cls: 14.60 chg: +0.48 stop: 11.98
CFK surged to a new closing high and on big volume that came in more than twice its average. Our target is the $14.75-15.00 range and CFK could hit our target tomorrow. We are not suggesting new positions. More conservative traders may want to exit right here.
Picked on November 16 at $11.98
CenturyTel Inc. - CTL - close: 33.86 change: +0.25 stop: 32.39
It was a volatile day for CTL. The stock immediately sold off this morning but managed to rebound near its 50-dma. The rebound was strong enough to push CTL to a new eight-week high. If you missed yesterday's entry point today's move looks like a new entry point. Our target is the $36.00 level. The P&F chart for CTL points to a $49 target.
Picked on December 12 at $33.55
D.R.Horton - DHI - close: 36.81 chg: +0.72 stop: 33.75
DHI is looking pretty bullish. The stock turned in a 1.99% gain to breakout over what appears to be the top edge of a bull flag pattern. Readers can use this move as a new entry point to go long the stock. Our target for DHI is the $39.75-40.00 range.
Picked on November 21 at $35.85
Forest Oil - FST - close: 48.56 change: +0.06 stop: 44.49
FST didn't make much headway today. We suspect shares are due for a pull back toward the 10-dma near 47.20. Our target is the $52.50-53.00 range. We do not want to hold over FST's February earnings report.
Picked on December 02 at $47.01
Corning Inc. - GLW - close: 21.23 chg: -0.16 stop: 19.99
During the normal session GLW traded sideways. Yet after hours the stock got a positive mention on television and shares spiked to over $22.00 in after hours markets. Hopefully this strength will carry over into tomorrow's normal session. Our target is the $21.90-22.00 range.
Picked on November 13 at $20.11
K-Swiss - KSWS - close: 33.05 chg: +0.49 stop: 31.45
We see no change from our previous updates on KSWS. The stock appears to be consistently inching higher in a narrow channel. As long as you monitor your stops the play should work out well. Our target is the $34.85-35.00 range.
Picked on November 29 at $32.09
Levitt - LEV - close: 22.95 chg: -0.01 stop: 20.95
The closing numbers certainly don't tell the whole story today. LEV hit some profit taking and dipped to $22.30 before rebounding back to almost unchanged. More conservative traders may want to tighten their stops. Our target is the $24.90-25.00 range. We do not want to hold over the February earnings report.
Picked on December 01 at $22.27
Nautilus - NLS - close: 18.85 change: +0.40 stop: 17.89
Good news. NLS has erased yesterday's losses and today's 2.16% gain has pushed the stock above its simple 50-dma. This looks like another bullish entry point. We've tried to limit our risk with a tight stop under Thursday's low. We are going to target a rally to $21.50, which is just under a 38.2% Fibonacci retracement of its five-month decline. We will not hold over the February earnings report.
Picked on December 11 at $18.81
VCA Antech - WOOF - close: 28.03 chg: +0.13 stop: 25.90
We don't see any change from our weekend update on WOOF. We would not suggest new positions here. Our target is the $29.90-30.00 range.
Picked on November 09 at $26.74
Short Play Updates
NeuroMetrix - NURO - close: 30.87 chg: +0.71 stop: 34.01
Lack of follow through lower and today's move over the 10-dma doesn't look good for the bears. There is still a good chance that NURO is just producing an oversold bounce and that shares will reverse lower again after testing the 50-dma near $33.30. However, more conservative traders may want to protect their capital and exit early. You can always re-enter on a failed rally or a new relative low. We are not suggesting new positions here. Our target is a decline into the $22.75-22.00 range above its simple 200-dma. We do not want to hold over the late January earnings report.
Picked on December 06 at $29.59
Closed Long Plays
Closed Short Plays