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Long Play Updates

Aeropostale - ARO - close: 29.80 change: -0.50 stop: 29.99

We don't see any change from our weekend play description on ARO. Volume was pretty light on today's pull back, which suggests a real lack of conviction by the sellers. We want to catch a breakout through the top of the trading range. We're suggesting a trigger at $31.21 to open long positions. If triggered then we'll target a rally into the $33.95-34.50 range.

Picked on March xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 03/09/06 (confirmed)
Average Daily Volume: 1.1 million

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BE Aerospace - BEAV - close: 24.31 change: +0.06 stop: 22.95

Our new bullish play in BEAV is not off to a riveting start but shares did continue higher on Monday. Should the market consolidate lower this week watch for a dip in BEAV toward the $23.00 level, which should match up with support near its rising 50-dma (22.72). Our target is the $26.00-26.50 range.

Picked on March 12 at $24.25
Change since picked: + 0.06
Earnings Date 05/05/06 (unconfirmed)
Average Daily Volume: 800 thousand

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Hewlett Packard - HPQ - cls: 33.22 chg: +0.31 stop: 31.99

HPQ is flirting with the $33.25 level and its short-term technical oscillators are turning higher. Traders might want to consider bullish positions here. We are targeting a move into the $35.00-35.50 range.

Picked on February 22 at $32.94
Change since picked: + 0.05
Earnings Date 02/15/06 (confirmed)
Average Daily Volume: 13.5 million

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IAC/InterActive - IACI - close: 30.38 chg: +0.17 stop: 28.99

IACI is slowly creeping higher so we're not complaining but volume has been rather low the last few days, which doesn't express a lot of conviction from the buyers. We'd feel more comfortable if IACI could push past the $30.60 level soon. Readers can use the bounce as a new bullish entry point or wait for a move over the March high ($30.60) before initiating new positions. A move over $31.00 would produce a new P&F chart buy signal. Our target for IACI is the $32.90-33.00 range. We are adjusting our stop loss to $28.99.

Picked on March 03 at $30.31
Change since picked: + 0.07
Earnings Date 02/08/06 (confirmed)
Average Daily Volume: 2.1 million

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Synopsys - SNPS - close: 21.98 change: +0.08 stop: 21.58

We don't see any change from our weekend update. We are not suggesting new bullish positions at this time. We would wait for a move over $22.25 or over $22.50 before initiating new positions. Our target is unchanged at the $24.40-24.50 range.

Picked on March 02 at $22.49
Change since picked: - 0.51
Earnings Date 02/15/06 (confirmed)
Average Daily Volume: 1.4 million
 

Short Play Updates

Amkor Tech. - AMKR - close: 8.53 change: +0.04 stop: 9.01

Semiconductor stocks, as a group, continued to be weak on Monday. The SOX was the only major tech index to close in the red. This must have weighed on AMKR, which produced another small failed rally. We would look for a move under $8.45 as a new bearish entry point. Our target is the $7.55-7.45 range.

Picked on March 09 at $ 8.50
Change since picked: + 0.03
Earnings Date 05/10/06 (unconfirmed)
Average Daily Volume: 3.2 million

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Baidu.com - BIDU - close: 49.66 change: +0.56 stop: 52.11

BIDU tried to rally today but failed near its gap down from last week. The move looks like a new bearish entry point, especially now as the MACD nears a new sell signal. Remember that this is an aggressive, higher-risk play. We are going to target the $41.00-40.00 range. More conservative traders might want to exit near the February lows (around $44).

Picked on March 09 at $ 48.32
Change since picked: + 1.34
Earnings Date 05/23/06 (unconfirmed)
Average Daily Volume = 788 thousand

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Hilton Hotels - HLT - close: 23.03 chg: -0.32 stop: 24.06

HLT has broken down under technical support at the simple 200-dma. Volume on today's breakdown was above average, which is a good sign for the bears. We're aiming for a decline into the $22.25-22.00 range.

Picked on March 02 at $23.98
Change since picked: - 0.96
Earnings Date 05/02/06 (unconfirmed)
Average Daily Volume: 2.9 million

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Hovnanian - HOV - close: 42.94 change: +0.14 stop: 46.11

Heads up. This might be a new bearish entry point. HOV appears to have produced a failed rally under the $44.00 level, which was support in February and should now act as resistance. Our target is the $40.50-40.00

Picked on March 05 at $44.85
Change since picked: - 1.91
Earnings Date 03/01/06 (confirmed)
Average Daily Volume: 972 thousand

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Officemax - OMX - close: 28.79 chg: -0.20 stop: 29.41

Be ready! It looks like OMX is creeping closer toward our trigger to short the stock at $28.69. More aggressive traders might want to consider shorts right here with today's failed rally. If triggered we'll target a move into the $27.10-27.00 range, which should line up with a 50% retracement of its two-month rally.

Picked on March xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 05/04/06 (unconfirmed)
Average Daily Volume: 1.0 million
 

Closed Long Plays

Aetna - AET - close: 50.55 change: -0.39 stop: 49.74

We did not get much of a chance with shares of AET. The stock continued Friday's rally into Monday morning by trading higher only to quickly reverse course. The healthcare sector was undermined by bearish analyst comments on UNH. Both UNH and AET managed to rebound off their lows of the session. Unfortunately, AET hit our stop loss at $49.74. This might be a case of having our stop too tight. Traders might want to keep a close eye on AET for any further rebound higher as a new bullish entry point!

Picked on March 12 at $50.94
Change since picked: - 0.39
Earnings Date 05/11/06 (unconfirmed)
Average Daily Volume: 3.3 million

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SCS Transportation - SCST - cls: 30.48 chg: +1.26 stop: 26.95

Target achieved. SCST continued to rally on Monday and shares broke out over round-number resistance at $30.00 on big volume. Our target was the $29.90-30.00 range.

Picked on March 01 at $27.55
Change since picked: + 2.93
Earnings Date 04/25/06 (unconfirmed)
Average Daily Volume: 139 thousand

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UST Inc. - UST - close: 40.15 change: +0.20 stop: 39.95

We have been stopped out in UST. The stock continued lower this morning and traded under support at the $40.00 level and its simple 50-dma on an intraday basis. Our stop loss was $39.95.

Picked on March 05 at $40.55
Change since picked: - 0.40
Earnings Date 04/27/06 (unconfirmed)
Average Daily Volume: 1.5 million
 

Closed Short Plays

None
 

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