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Long Play Updates

ANSYS Inc. - ANSS - close: 44.33 change: +1.06 stop: 40.89

The GSO software sector index broke out over its two-week trendline of lower highs (a.k.a. resistance) and leading the way was ANSS. The stock added 2.44% on very big volume. Volume actually came in at more than twice the daily average. Today's move has produced a new MACD buy signal on the daily chart. Shares of ANSS broke out over resistance at the $44.00 level and hit our trigger to go long at $44.05 opening the play. Our target is the $49.00-50.00 range by the end of January. We do not want to hold over the early February earnings report.

Picked on December 22 at $44.05
Change since picked: + 0.28
Earnings Date 02/02/06 (unconfirmed)
Average Daily Volume: 153 thousand

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Anglogold - AU - close: 48.45 change: +1.01 stop: 44.95 *new*

Gold stocks turned in another big day today. The XAU index added 2.14% after the gold commodity futures rose more than $9 to close above the $500/ounce level again. Shares of AU added more than 2% but failed to breakout over the $48.50 level. If you look at a quote it says the high today was $49.39 but that looks like a bad tick. More conservative traders may want to exit right here for a gain. Our target is the $49.50-50.00 range. We are raising our stop loss to $44.95.

Picked on December 06 at $44.81
Change since picked: + 3.64
Earnings Date 01/27/06 (unconfirmed)
Average Daily Volume: 904 thousand

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CenturyTel Inc. - CTL - close: 33.38 change: +0.08 stop: 32.39

There was little change in CTL today. The stock continues to oscillate on either side of its simple 200-dma. More conservative traders may want to think about exiting early right here and cut their losses early. We are not suggesting new positions.

Picked on December 12 at $33.55
Change since picked: - 0.19
Earnings Date 01/26/06 (unconfirmed)
Average Daily Volume: 855 thousand

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D.R.Horton - DHI - close: 36.85 chg: +0.21 stop: 34.75

Homebuilders tried to rally today but they struggled to maintain their gains. 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: + 1.00
Earnings Date 11/16/05 (confirmed)
Average Daily Volume: 3.2 million

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Duke Energy - DUK - close: 27.69 change: +0.46 stop: 25.99

DUK turned in a strong session following yesterday's failed rally. Today's 1.68% gain puts it within striking distance of our $27.95-28.00 target.

Picked on December 13 at $26.89
Change since picked: + 0.80
Earnings Date 02/01/06 (unconfirmed)
Average Daily Volume: 3.9 million

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Forest Oil - FST - close: 46.29 change: -0.38 stop: 44.89

FST is still looking a little weak. The stock may need to test support near $45.00 and its 50-dma before bouncing higher again. We are not suggesting new positions at this time.

Picked on December 02 at $47.01
Change since picked: - 0.72
Earnings Date 02/09/06 (unconfirmed)
Average Daily Volume: 1.1 million

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Levitt - LEV - close: 22.59 chg: +0.34 stop: 20.95

LEV is starting to bounce from the $22 level like we thought it might. This could be used as a new bullish entry point but more conservative traders might want to wait for a move over the 100-dma (22.76) before initiating new longs. Our target is the $24.90-25.00 range.

Picked on December 01 at $22.27
Change since picked: + 0.32
Earnings Date 02/02/06 (unconfirmed)
Average Daily Volume: 161 thousand

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Nautilus - NLS - close: 19.17 change: +0.15 stop: 17.89

Thursday's bounce from $18.88 looks like a new bullish entry point. Today's gain put NLS back above resistance at its five-day trend of lower highs. We are raising our stop loss to $18.49. Our target is the $21.50 level.

Picked on December 11 at $18.81
Change since picked: + 0.36
Earnings Date 02/01/06 (unconfirmed)
Average Daily Volume: 598 thousand

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VCA Antech - WOOF - close: 27.66 chg: -0.23 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: + 0.92
Earnings Date 01/24/06 (unconfirmed)
Average Daily Volume: 436 thousand
 

Short Play Updates

Danaher - DHR - close: 55.42 change: -0.12 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: - 0.37
Earnings Date 02/16/05 (unconfirmed)
Average Daily Volume: 1.5 million

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NeuroMetrix - NURO - close: 27.83 chg: -0.16 stop: 32.01 *new*

NURO set a new relative low today but the stock was somewhat volatile on an intraday basis. There were two intraday rebounds and the stock was bouncing higher into the closing bell. Volume was very strong at almost four times the norm. Readers should be prepared for an oversold bounce back toward the $29.00 or $30.00 levels. We're lowering our stop loss to $32.01. We are not suggesting new positions here.

Picked on December 06 at $29.59
Change since picked: - 1.76
Earnings Date 01/27/06 (unconfirmed)
Average Daily Volume: 210 thousand

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Waters Corp. - WAT - close: 38.03 chg: +0.11 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: - 0.57
Earnings Date 01/24/06 (unconfirmed)
Average Daily Volume: 901 thousand
 

Closed Long Plays

None
 

Closed Short Plays

None
 

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