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Long Play Updates

ANSYS Inc. - ANSS - close: 43.27 change: +1.41 stop: 40.89

ANSS is showing some strength and added 3.3% on above average volume but we still don't see 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: 47.44 change: +1.65 stop: 43.95

Gold stocks rallied strongly on Wednesday despite another drop in the commodity prices. AU added 3.6% but volume was below average. Our target is the $49.50-50.00 range.

Picked on December 06 at $44.81
Change since picked: + 2.63
Earnings Date 01/27/06 (unconfirmed)
Average Daily Volume: 904 thousand

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CenturyTel Inc. - CTL - close: 33.30 change: +0.10 stop: 32.39

CTL spent the session trading sideways. We don't see any change from yesterday's update. 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: - 0.27
Earnings Date 01/26/06 (unconfirmed)
Average Daily Volume: 855 thousand

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D.R.Horton - DHI - close: 36.64 chg: +0.24 stop: 34.75

DHI is bouncing from the $36.00 level but it's not very convincing. The homebuilding stocks remain sluggish despite positive economic news for the sector this week. So far DHI has not violated its multi-week trendline of rising lows. Our target for DHI is the $39.75-40.00 range.

Picked on November 21 at $35.85
Change since picked: + 0.79
Earnings Date 11/16/05 (confirmed)
Average Daily Volume: 3.2 million

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Duke Energy - DUK - close: 27.23 change: -0.17 stop: 25.99

Some broker comments this morning helped DUK gap higher above resistance near $27.50 but the stock could not hold its gains. The utility sector was the worst performing group in the market today. We are not suggesting new positions and more conservative traders may want to tighten their stops. Today's action might be considered a short-term top! Our end of January target is the $27.95-28.00 range.

Picked on December 13 at $26.89
Change since picked: + 0.34
Earnings Date 02/01/06 (unconfirmed)
Average Daily Volume: 3.9 million

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Forest Oil - FST - close: 46.67 change: +0.31 stop: 44.89

Oil stocks managed another meager bounce on Wednesday. FST followed suit and we're not feeling very confident about initiating new bullish positions.

Picked on December 02 at $47.01
Change since picked: - 0.34
Earnings Date 02/09/06 (unconfirmed)
Average Daily Volume: 1.1 million

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Levitt - LEV - close: 22.25 chg: -0.10 stop: 20.95

We have been expecting LEV to dip toward the $22.00 level over the last few days and it finally happened today. A bounce from here, especially over the 100-dma (22.86), could be used as a new bullish entry point.

Picked on December 01 at $22.27
Change since picked: - 0.02
Earnings Date 02/02/06 (unconfirmed)
Average Daily Volume: 161 thousand

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Nautilus - NLS - close: 19.02 change: -0.28 stop: 17.89

Our last update suggested that NLS was headed toward the $19.00 level and that's where shares closed today. A bounce from here could be used as a new bullish entry point. Our target is the $21.50 level.

Picked on December 11 at $18.81
Change since picked: + 0.21
Earnings Date 02/01/06 (unconfirmed)
Average Daily Volume: 598 thousand

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VCA Antech - WOOF - close: 27.89 chg: +0.29 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: + 1.15
Earnings Date 01/24/06 (unconfirmed)
Average Daily Volume: 436 thousand
 

Short Play Updates

Danaher - DHR - close: 55.54 change: +0.24 stop: 57.35

We don't see any changes from our previous update. If the markets do decide to rally into 2006 then don't be surprised to see DHR attempt to rally toward the $57 level. 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: - 0.25
Earnings Date 02/16/05 (unconfirmed)
Average Daily Volume: 1.5 million

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NeuroMetrix - NURO - close: 27.99 chg: -1.18 stop: 34.01

NURO dropped another 4% today and on very big volume. Volume came in at more than three times the daily average. The company issued a press release this afternoon but it failed to help the stock price. Here's an excerpt: "NeuroMetrix, Inc. announced today that it has resolved questions expressed by the Louisiana State Board of Medical Examiners regarding the Company's NC-stat System. The specific question related to whether out of state unlicensed practitioners were involved in interpretation of nerve conduction studies performed with the NC-stat device. The State Board unambiguously concluded, "...that the interpretation of nerve conduction testing performed using this machine was not being done by out of state unlicensed practitioners" and that "Neuro Metrix and the NCStat device are not in violation of the state Medical Practice Act ..."

Picked on December 06 at $29.59
Change since picked: - 1.60
Earnings Date 01/27/06 (unconfirmed)
Average Daily Volume: 210 thousand

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Waters Corp. - WAT - close: 37.92 chg: +0.01 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: - 0.68
Earnings Date 01/24/06 (unconfirmed)
Average Daily Volume: 901 thousand
 

Closed Long Plays

None
 

Closed Short Plays

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