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Long Play Updates

Amer.Phys.Cap. - ACAP - close: 49.35 change: +0.49 stop: 46.75

There is no change from our weekend update on ACAP. We are still on the sidelines waiting for a breakout. We're suggesting a trigger to go long the stock at $50.61. If we are triggered our target will be the $54.85-55.00 range. If ACAP trades under $48.00 we'll probably drop the stock as a bullish candidate.

Picked on March 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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Arrow Elect. - ARW - close: 34.37 change: -0.22 stop: 33.90

ARW continued to slide toward support near $34.00 and its rising 50-dma. Fortunately, it looks like traders bought the dip near $34.00 twice today. Aggressive traders might want to buy a bounce from here. We'd wait for a new move over $35.00 first. Our target is the $39.00-40.00 range.

Picked on February 26 at $35.89
Change since picked: - 1.52
Earnings Date 02/22/06 (confirmed)
Average Daily Volume: 587 thousand

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Cameco - CCJ - close: 37.91 change: -0.10 stop: 35.29

CCJ showed some strength this morning and gapped higher to open at $38.50. The stock ran to $39.25 before giving in to the market-wide selling pressure. Our trigger to go long the stock was at $38.51 so the play is now open. However, given the pull back today we would not suggest new bullish positions at this time. Aggressive traders can watch for a bounce from $36.00. We would suggest readers wait for a new move over $38.50. Our target is the $42.00-42.50 range.

Picked on March 06 at $ 38.51
Change since picked: - 0.60
Earnings Date 02/01/06 (confirmed)
Average Daily Volume = 2.7 million

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LM Ericsson - ERICY - close: 34.87 chg: -0.05 stop: 33.93

We do not see any changes from our weekend update on ERICY. Our target is the $36.75-37.00 range.

Picked on February 14 at $34.61
Change since picked: + 0.26
Earnings Date 01/31/06 (confirmed)
Average Daily Volume: 2.2 million

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Hewlett Packard - HPQ - cls: 32.86 chg: -0.40 stop: 31.75

HPQ could not escape the market-wide selling pressure today. We'd like to see a bounce from $32.50 but odds are probably better that shares will retest the $32.00 level again. We would not suggest new bullish positions at this time.

Picked on February 22 at $32.94
Change since picked: - 0.08
Earnings Date 02/15/06 (confirmed)
Average Daily Volume: 13.5 million

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IAC/InterActive - IACI - close: 30.19 chg: +0.20 stop: 28.75

Good news. IACI displayed relative strength today and actually closed higher against a backdrop of weakness in the tech sector. The close over $30.00 looks like a new bullish entry point but we hesitate to suggest new positions with the market's weakness. Our target is the $32.90-33.00 range.

Picked on March 03 at $30.31
Change since picked: - 0.12
Earnings Date 02/08/06 (confirmed)
Average Daily Volume: 2.1 million

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Microchip - MCHP - close: 36.08 chg: -0.54 stop: 34.99

We don't see any change from our weekend update. Readers can watch for a bounce from $36.00 as a new bullish entry point. However, we would keep an eye on the semiconductor index (SOX). If the SOX breaks down under its simple 50-dma then we would not suggest opening new positions in MCHP. Our target for MCHP is the $39.50-40.00 range.

Picked on March 02 at $36.52
Change since picked: - 0.44
Earnings Date 04/27/06 (unconfirmed)
Average Daily Volume: 1.6 million

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Network Appl. - NTAP - close: 33.67 chg: -0.19 stop: 31.90

There are no changes from our weekend update on NTAP. We're watching the $33.00 level to act as short-term support. A bounce from $33.00 could be used as a new bullish entry point. If the markets really start to weaken then NTAP will likely dip toward support at the $32.00 level again. Our nine-week target is the $39.00-40.00 range. The Point & Figure chart points to a $49.00 target.

Picked on February 27 at $33.50
Change since picked: + 0.17
Earnings Date 02/15/06 (confirmed)
Average Daily Volume: 4.5 million

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OptionsXpress - OXPS - close: 31.74 change: +0.14 stop: 29.95

OXPS was showing some relative strength today but the stock did pare its gains this afternoon. We don't see any changes from our weekend update. Our target is the $34.75-35.00 range.

Picked on February 26 at $31.95
Change since picked: - 0.21
Earnings Date 04/27/06 (unconfirmed)
Average Daily Volume: 1.0 million

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SCS Transportation - SCST - cls: 27.49 chg: +0.07 stop: 25.99

SCST is still looking okay despite the broad-based pull back today. Watch for a move over $27.80 as another potential entry point to go long. Our target is the $29.90-30.00 range. SCST's P&F chart points to a $36.50 target.

Picked on March 01 at $27.55
Change since picked: - 0.06
Earnings Date 04/25/06 (unconfirmed)
Average Daily Volume: 139 thousand

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Synopsys - SNPS - close: 22.18 change: +0.08 stop: 21.48

The intraday bounce late this afternoon might be a new bullish entry point but use caution. If the NASDAQ continues lower then we'd expect SNPS to test the 50-dma. Our target is the $24.40-24.50 range. The P&F chart is much more bullish with a $38.50 price target.

Picked on March 02 at $22.49
Change since picked: - 0.31
Earnings Date 02/15/06 (confirmed)
Average Daily Volume: 1.4 million

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Unisys - UIS - close: 6.79 change: -0.09 stop: 6.34

UIS produced another failed rally under the $7.00 level today. We are not suggesting new bullish positions at this time.

Picked on February 16 at $ 6.81
Change since picked: - 0.02
Earnings Date 01/26/06 (confirmed)
Average Daily Volume: 2.1 million

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UST Inc. - UST - close: 40.80 change: +0.25 stop: 39.74

UST's rally from last week has continued into this week with another gain to confirm Friday's breakout over $40.00 and its 50-dma. Should one occur a dip to $40.00 can be used as a new entry point. Our target is the $41.75-42.00 range (200-dma).

Picked on March 05 at $40.55
Change since picked: + 0.25
Earnings Date 04/27/06 (unconfirmed)
Average Daily Volume: 1.5 million
 

Short Play Updates

Bed Bath & Beyond - BBBY - cls: 35.80 chg: -0.21 stop: 37.01

BBBY continues to struggle under its falling 50-dma. Today is another failed rally at that moving average. Aggressive traders might want to consider new bearish positions here. We are waiting for a breakdown to a new relative low. We're suggesting that readers use a trigger at $34.80 to open bearish positions. If triggered our target is the $30.50-30.00 range.

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: 23.59 change: +0.08 stop: 24.51

HLT bounced from its simple 200-dma but the rebound failed under the $24.00 level. We don't see any changes from our weekend update for HLT. We're aiming for a decline into the $22.25-22.00 range.

Picked on March 02 at $23.98
Change since picked: - 0.47
Earnings Date 05/02/06 (unconfirmed)
Average Daily Volume: 2.9 million

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Hovnanian - HOV - close: 44.28 change: -0.57 stop: 48.01

Homebuilders continued to sink on Monday. The DJUSHB index lost one percent. Shares of HOV fell 1.27% and its daily chart shows a new sell signal in its MACD indicator. More conservative traders may want to wait for a decline under the February lows before initiating new positions. We are going to aim for a decline into the $40.50-40.00 range.

Picked on March 05 at $44.85
Change since picked: - 0.57
Earnings Date 03/01/06 (confirmed)
Average Daily Volume: 972 thousand
 

Closed Long Plays

Claires Store - CLE - close: 31.79 change: -0.60 stop: 31.49

CLE is flashing us an exit signal. The stock produced a bearish engulfing candlestick pattern today. We were planning to exit on Wednesday anyway but we're choosing to exit early right now.

Picked on February 14 at $32.00
Change since picked: - 0.21
Earnings Date 03/09/06 (confirmed)
Average Daily Volume: 697 thousand
 

Closed Short Plays

None
 

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