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Long Play Updates

ANSYS Inc. - ANSS - close: 41.86 change: +0.05 stop: 40.89

We do not see any change from our weekend update on ANSS and we remain on the sidelines. Our strategy is based on catching a breakout over resistance at $44.00 with 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: 45.79 change: -0.83 stop: 43.95

Gold stocks continued yesterday's weakness. The XAU gold & silver index lost 1.38% after gold futures fell over $9.00 to close under $500/ounce for the first time in days. Shares of AU lost 1.78% and closed under its 10-dma but we noticed that volume came in pretty low. A bounce from the $44.00 or $45.00 levels could be used as a new bullish entry point but we would be very cautious about initiating new longs in this market right now. Our target is the $49.50-50.00 range.

Picked on December 06 at $44.81
Change since picked: + 0.98
Earnings Date 01/27/06 (unconfirmed)
Average Daily Volume: 904 thousand

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CenturyTel Inc. - CTL - close: 33.20 change: -0.36 stop: 32.39

Uh-oh! This could be bad news. Broken resistance at $33.50 and the 200-dma should have been support. That level did not hold today. Shares of CTL lost over 1% and closed under its 200-dma. More conservative traders may want to think about exiting early right here. We are not suggesting new positions.

Picked on December 12 at $33.55
Change since picked: - 0.37
Earnings Date 01/26/06 (unconfirmed)
Average Daily Volume: 855 thousand

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D.R.Horton - DHI - close: 36.40 chg: -0.17 stop: 34.75

Many of the homebuilders managed to rebound today after this morning's stronger than expected housing starts and building permits data. Unfortunately, DHI displayed some relative weakness today and dipped toward the $36 level. There was a bounce from the $36 region but it wasn't very convincing. Look for signs of strength tomorrow before considering new long positions. Our target for DHI is the $39.75-40.00 range.

Picked on November 21 at $35.85
Change since picked: + 0.55
Earnings Date 11/16/05 (confirmed)
Average Daily Volume: 3.2 million

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Duke Energy - DUK - close: 27.40 change: +0.36 stop: 25.99

We do not see any changes from our previous updates on DUK. Our end of January target is the $27.95-28.00 range.

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: 46.36 change: +0.76 stop: 44.89

Crude oil managed a bounce today and it fueled a rebound in the oil sector. Shares of FST added 1.66% but volume was pretty weak. We hesitate to suggest new long positions here. Wait for a move back over $47.00 before considering new bullish positions.

Picked on December 02 at $47.01
Change since picked: - 0.65
Earnings Date 02/09/06 (unconfirmed)
Average Daily Volume: 1.1 million

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Levitt - LEV - close: 22.35 chg: -0.15 stop: 20.95

We don't see any change from our previous update. LEV looks headed toward the $22.00 level. We are not suggesting new positions. More conservative traders may want to raise their stops.

Picked on December 01 at $22.27
Change since picked: + 0.08
Earnings Date 02/02/06 (unconfirmed)
Average Daily Volume: 161 thousand

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Nautilus - NLS - close: 19.30 change: +0.03 stop: 17.89

NLS may have closed in the green today but the action was bearish. The stock looks poised to test the $19.00 level soon (and maybe down to $18.75). We are not suggesting new positions at this time.

Picked on December 11 at $18.81
Change since picked: + 0.49
Earnings Date 02/01/06 (unconfirmed)
Average Daily Volume: 598 thousand

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VCA Antech - WOOF - close: 27.60 chg: +0.16 stop: 26.74

We see no change from our weekend update. We are not suggesting new long positions here. We will plan to exit ahead of the late January earnings report. Our target is the $29.90-30.00 range.

Picked on November 09 at $26.74
Change since picked: + 0.86
Earnings Date 01/24/06 (unconfirmed)
Average Daily Volume: 436 thousand
 

Short Play Updates

Danaher - DHR - close: 55.30 change: -0.42 stop: 57.35

DHR is still sinking and lost another 0.75% today but volume was below average. We don't see any changes from our previous updates on DHR. Traders should weigh their need to be in the market (and short) against the possibility of a Santa Claus rally showing up. Our target for DHR is the $51.25-51.00 range.

Picked on December 18 at $55.79
Change since picked: - 0.49
Earnings Date 02/16/05 (unconfirmed)
Average Daily Volume: 1.5 million

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NeuroMetrix - NURO - close: 29.17 chg: -2.63 stop: 34.01

Good news! NURO finally showed some relative weakness. The stock lost 8.2% on above average volume and hit a new relative low before bouncing late this afternoon. More conservative traders may want to lower their stops toward $32.00.

Picked on December 06 at $29.59
Change since picked: - 0.42
Earnings Date 01/27/06 (unconfirmed)
Average Daily Volume: 210 thousand

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Waters Corp. - WAT - close: 37.91 chg: +0.04 stop: 40.01

We don't see any changes from our previous update on WAT. The P&F chart for WAT points to a $25.00 target. We think the stock could sink to the $35.00 level by its earnings report in January. We'll use a $35.25-35.00 target range.

Picked on December 18 at $38.60
Change since picked: - 0.69
Earnings Date 01/24/06 (unconfirmed)
Average Daily Volume: 901 thousand
 

Closed Long Plays

K-Swiss - KSWS - close: 32.73 chg: +0.02 stop: 32.45

KSWS dipped below the bottom of its narrow rising channel today. The intraday weakness took KSWS to $32.21, which was below our stop loss at $32.45. The play is now closed.

Picked on November 29 at $32.09
Change since picked: + 0.64
Earnings Date 01/26/06 (unconfirmed)
Average Daily Volume: 256 thousand
 

Closed Short Plays

New River Pharma. - NRPH - close: 50.63 chg: +1.21 stop: 50.01

NRPH is moving the wrong direction. The stock never really consummated the bearish head-and-shoulders pattern and now shares are itching to breakout skyward. We were never triggered on the play so we're dropping it unopened.

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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