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Long Play Updates

ANSYS Inc. - ANSS - close: 41.78 change: +0.07 stop: 40.89

ANSS bounced again from the bottom of its trading range near $40.50. We remain on the sidelines but more aggressive traders may want to think about jumping in here scalping a couple of points and exiting in the 43.40-43.90 region. Our strategy involves a trigger to go long the stock at $44.05. 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
Change since picked: + 0.00
Earnings Date 02/02/06 (unconfirmed)
Average Daily Volume: 153 thousand

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Anglogold - AU - close: 46.67 change: +0.80 stop: 41.95

Shares of gold producer AU produced a nice 1.7% bounce from its simple 10-dma today in spite of another decline in gold prices. Gold hasn't shown any signs of bouncing yet (down four days in a row so far) so we'd hesitate to launch new longs in AU at this time. Our target is the $49.50-50.00 range.

Picked on December 06 at $44.81
Change since picked: + 1.86
Earnings Date 01/27/06 (unconfirmed)
Average Daily Volume: 904 thousand

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Burlington Coat - BCF - close: 40.53 chg: -0.74 stop: 39.90

Uh-oh! BCF couldn't escape the market's profit taking today. The stock lost 1.79% but managed a minor bounce from the $40 level. We are not suggesting new plays at this time. 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
Change since picked: + 1.63
Earnings Date 01/04/06 (unconfirmed)
Average Daily Volume: 165 thousand

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CenturyTel Inc. - CTL - close: 33.89 change: -0.36 stop: 32.39

CTL also experienced some profit taking after a strong week so far. The intraday bounce this afternoon looks like a new bullish 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
Change since picked: + 0.34
Earnings Date 01/26/06 (unconfirmed)
Average Daily Volume: 855 thousand

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D.R.Horton - DHI - close: 37.54 chg: -0.40 stop: 33.75

DHI is yet another stock hit by profit taking after a strong week. A bounce from the $36.50-37.00 level could be used as a new bullish entry point although if you're just entering now we'd probably use a tighter stop loss. Our target for DHI is the $39.75-40.00 range.

Picked on November 21 at $35.85
Change since picked: + 1.69
Earnings Date 11/16/05 (confirmed)
Average Daily Volume: 3.2 million

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Duke Energy - DUK - close: 27.40 change: -0.02 stop: 25.99

DUK spent the day in a 50-cent range and bounced twice from the $27.20 level. We don't see any change from yesterday's update. Our target is the top of the channel, which should intersect with the 200-dma near $28.00. We'll use a target of $27.95-28.00.

Picked on December 13 at $26.89
Change since picked: + 0.51
Earnings Date 02/01/06 (unconfirmed)
Average Daily Volume: 3.9 million

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Forest Oil - FST - close: 48.00 change: -0.82 stop: 44.49

The profit taking in the oil sector dragged shares of FST back down to their rising 10-dma. A bounce from here could be used as a new bullish entry point but we would be very careful about initiating new positions. 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
Change since picked: + 0.99
Earnings Date 02/09/06 (unconfirmed)
Average Daily Volume: 1.1 million

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Corning Inc. - GLW - close: 21.11 chg: -0.16 stop: 20.45

We don't see any change from our previous update. Our target is the $21.90-22.00 range.

Picked on November 13 at $20.11
Change since picked: + 1.00
Earnings Date 01/25/06 (unconfirmed)
Average Daily Volume: 11.8 million

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K-Swiss - KSWS - close: 33.35 chg: +0.29 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
Change since picked: + 1.26
Earnings Date 01/26/06 (unconfirmed)
Average Daily Volume: 256 thousand

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Levitt - LEV - close: 23.00 chg: -0.10 stop: 20.95

LEV spent the day consolidating sideways on either side of the $23.00 level. We are not suggesting new positions at this time. 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
Change since picked: + 0.73
Earnings Date 02/02/06 (unconfirmed)
Average Daily Volume: 161 thousand

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Nautilus - NLS - close: 19.83 change: -0.45 stop: 17.89

NLS lost 2.2% as traders did some profit taking after this week's rally. Our target is the $21.50 level. We will not hold over the February earnings report.

Picked on December 11 at $18.81
Change since picked: + 1.02
Earnings Date 02/01/06 (unconfirmed)
Average Daily Volume: 598 thousand

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VCA Antech - WOOF - close: 27.67 chg: -0.19 stop: 26.74

WOOF continues to churn sideways between $27 and $28.50. We would not suggest new positions here. Our target is the $29.90-30.00 range.

Picked on November 09 at $26.74
Change since picked: + 0.93
Earnings Date 01/24/06 (unconfirmed)
Average Daily Volume: 436 thousand
 

Short Play Updates

New River Pharma. - NRPH - close: 48.98 chg: -0.68 stop: 50.01

We remain on the sidelines. Our trigger to short the stock is at $45.45. If triggered we'll target a drop to the $40.00 level. Currently the P&F chart points to a $39 target, which more closely coincides with the H&S pattern target.

Picked on December xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 11/14/05 (confirmed)
Average Daily Volume: 86 thousand

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NeuroMetrix - NURO - close: 31.11 chg: +0.01 stop: 34.01

We don't see any change from yesterday's update. We're not giving up yet but we're not suggesting new positions here either. There is still a chance that NURO will produce an oversold bounce back toward the 50-dma near $33.30. A failed rally there could be used as a new bearish entry point for more aggressive traders. However, more conservative traders may want to protect their capital and exit early right here. You can always re-enter on a failed rally or a new relative low. 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
Change since picked: + 1.52
Earnings Date 01/27/06 (unconfirmed)
Average Daily Volume: 210 thousand
 

Closed Long Plays

None
 

Closed Short Plays

None
 

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