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Long Play Updates

Amer.Phys.Cap. - ACAP - close: 48.79 change: -0.07 stop: 46.75

We are still in a wait-and-see mode with ACAP. Our plan is to catch a breakout over the $50.00 level. We're suggesting a trigger at $50.61 to go long. If triggered we'll target a rally into the $54.85-55.00 range.

Picked on February xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 02/16/06 (unconfirmed)
Average Daily Volume: 53 thousand

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Claires Store - CLE - close: 32.15 change: +0.47 stop: 29.99

CLE was out performing many of its peers in the retail sector today with a 1.48% gain. We were expecting a dip but shares are showing relative strength. Our target is the $33.90-34.00 range. The P&F chart points to a $42 target.

Picked on February 14 at $32.00
Change since picked: + 0.15
Earnings Date 03/09/06 (unconfirmed)
Average Daily Volume: 697 thousand

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Curtiss Wright - CW - close: 63.26 chg: +1.43 stop: 59.90

A bullish day for the markets helped propel CW to a 2.3% gain. The stock is nearing our target in the $63.95-64.00 range. Prepare to exit.

Picked on February 16 at $ 60.35
Change since picked: + 3.91
Earnings Date 02/09/06 (confirmed)
Average Daily Volume = 76 thousand

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LM Ericsson - ERICY - close: 34.99 chg: +0.36 stop: 33.93

Today's rebound from the $34.50 level looks like a new bullish entry point. Our target is the $36.75-37.00 range.

Picked on February 14 at $34.61
Change since picked: + 0.38
Earnings Date 01/31/06 (confirmed)
Average Daily Volume: 2.2 million

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Foster Wheeler - FWLT - close: 47.75 chg: -1.10 stop: 45.95

We remain on red alert with FWLT. The stock under performed the markets today and today's drop merely confirms yesterday's reversal. We are not suggesting new plays and conservative traders may want to consider exiting early or raising their stops significantly.

Picked on February 17 at $48.65
Change since picked: - 0.90
Earnings Date 03/13/06 (unconfirmed)
Average Daily Volume: 900 thousand

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Novell Inc. - NOVL - close: 9.40 change: +0.19 stop: 8.99

Semiconductor stocks rebounded today after testing support at their rising, simple 50-dma in spite of another downgrade-induced decline for shares of Intel (INTC). NOVL produced a nice bounce from its lows and this looks like a new bullish entry point to go long the stock. Our target is $10.25.

Picked on February 14 at $ 9.30
Change since picked: + 0.10
Earnings Date 03/02/06 (unconfirmed)
Average Daily Volume: 5.6 million

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Unisys - UIS - close: 6.84 change: -0.07 stop: 6.25

UIS is consolidating a bit after challenging resistance at the $7.00 level yesterday. Last night we suggested that readers look for a dip into the $6.70-6.80 region as a new entry point and shares of UIS delivered with a low of 6.72 today. Our short-term target is a move into the $7.40-7.50 range.

Picked on February 16 at $ 6.81
Change since picked: + 0.03
Earnings Date 01/26/06 (confirmed)
Average Daily Volume: 2.1 million
 

Short Play Updates

Bed Bath & Beyond - BBBY - cls: 35.53 chg: +0.03 stop: 37.01

As far as we are concerned today's 3-cent bounce in BBBY is still relative weakness. We want to catch the next leg lower so we're suggesting a trigger to short thes tock at $34.80. If triggered we'll target a decline into the $30.50-30.00 range. More aggressive traders may want to consider new shorts right here under $36.00.

Picked on February xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 03/29/06 (unconfirmed)
Average Daily Volume: 3.5 million

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Hilton Hotels - HLT - close: 24.43 change: +0.22 stop: 25.01

We remain on the sidelines with HLT. The stock dipped toward support near $24.00 and bounced. We suspected that the $24.00 level could be a problem and that's why we put our trigger to short the stock at $23.98. Looking more closely at HLT's chart we see that today's session has produced a bullish engulfing candlestick pattern. That would suggest that shares are prepared to bounce even higher and we may not be triggered any time soon.

Picked on February xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 05/02/06 (unconfirmed)
Average Daily Volume: 2.9 million

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Juniper Networks - JNPR - close: 17.74 chg: +0.29 stop: 19.25

JNPR did produce an oversold bounce today, which isn't really a surprise considering that most of the technology sectors were trading higher. What looks noteworthy on the intraday chart is that JNPR struggled to trade over the $18.00 level and never made it today. Contributing to the stock's relative weakness was one analyst firm's move to lower their price target from $25 to $22. Our target is the $15.25-15.00 range.

Picked on February 19 at $17.97
Change since picked: - 0.23
Earnings Date 01/25/06 (confirmed)
Average Daily Volume: 11.8 million
 

Closed Long Plays

Helen of Troy - HELE - close: 19.68 chg: +0.02 stop: 19.45

HELE was weak early this morning and shares hit our stop loss at $19.45 closing the play.

Picked on January 25 at $19.04
Change since picked: + 0.64
Earnings Date 01/09/06 (confirmed)
Average Daily Volume: 285 thousand
 

Closed Short Plays

Adobe Sys. - ADBE - close: 38.76 change: +0.66 stop: 39.01

We have been stopped out at $39.01. Yesterday's relative strength was a clue that the stock may not see any follow through to the downside. Shares of ADBE continued to out perform the software sector index today and traded above $39.00 on an intraday basis.

Picked on February 19 at $37.80
Change since picked: + 0.96
Earnings Date 03/16/06 (unconfirmed)
Average Daily Volume: 6.5 million

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Ebay Inc. - EBAY - close: 41.35 change: +0.55 stop: 42.01

We are throwing in the towel on EBAY. The stock bounced from its simple 200-dma today and looks poised to move higher. There is still resistance at the $42.00 level and then higher at the 50-dma (43.50) but we're going to choose an early exit here and cut our losses.

Picked on February 09 at $39.53
Change since picked: + 1.82
Earnings Date 01/18/06 (confirmed)
Average Daily Volume: 13.9 million
 

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