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Long Play Updates

Aeropostale - ARO - close: 30.23 change: +0.22 stop: 29.99

ARO is still inching higher but remains under resistance at the $31.00 level. 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: 24.60 change: +0.19 stop: 22.95

BEAV is still creeping higher along with the defense sector indices. We do notice that BEAV's MACD indicator is nearing a new buy signal. The next challenge for BEAV is resistance at the $25.00 mark. Our target is the $26.00-26.50 range but more aggressive traders may want to aim higher.

Picked on March 12 at $24.25
Change since picked: + 0.35
Earnings Date 05/05/06 (unconfirmed)
Average Daily Volume: 800 thousand

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Hewlett Packard - HPQ - cls: 33.89 chg: +0.49 stop: 32.45*new*

Technology stocks were broadly higher today and HPQ is finally getting in on the act. The stock added 1.4% on average volume, which is an improvement on the volume picture. Technical indicators are turning bullish but the stock is nearing potential resistance in the $34.25-34.50 region. We are targeting a move into the $35.00-35.50 range. Please note that we're adjusting our stop loss to $32.45.

Picked on February 22 at $32.94
Change since picked: + 0.72
Earnings Date 02/15/06 (confirmed)
Average Daily Volume: 13.5 million

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IAC/InterActive - IACI - close: 31.15 chg: +0.07 stop: 28.99

IACI spent the session consolidating sideways but the intraday pattern looks somewhat bullish with a trend of higher lows. The move over $31.00 has produced a new triple-top breakout buy signal on the P&F chart that points to a $40 target. Our target for IACI is the $32.90-33.00 range.

Picked on March 03 at $30.31
Change since picked: + 0.84
Earnings Date 02/08/06 (confirmed)
Average Daily Volume: 2.1 million

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Synopsys - SNPS - close: 22.72 change: +0.43 stop: 21.58

Our play on SNPS has bounced back into the green today. The stock added almost 2% on above average volume and that's a good sign for the bulls. The MACD indicator is nearing a new buy signal. We would still consider new bullish positions here. Our target is the $24.40-24.50 range.

Picked on March 02 at $22.49
Change since picked: + 0.23
Earnings Date 02/15/06 (confirmed)
Average Daily Volume: 1.4 million
 

Short Play Updates

Amkor Tech. - AMKR - close: 8.95 change: +0.31 stop: 9.01

The SOX was definitely under performing some of the other technology-related sector indices but that didn't stop AMKR from bouncing. AMKR rebounded right back toward resistance near the $9.00 level. We are not suggesting new bearish positions and more conservative traders may want to exit early given today's breakout over its simple 10-dma. If the markets are positive tomorrow (or the SOX) then we expect to be stopped out at $9.01.

Picked on March 09 at $ 8.50
Change since picked: + 0.34
Earnings Date 05/10/06 (unconfirmed)
Average Daily Volume: 3.2 million

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Baidu.com - BIDU - close: 48.50 change: -0.20 stop: 52.11

We don't see any change from our previous updates. BIDU continues to show relative weakness. This remains a risky play and given the market environment we're not suggesting new positions. 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: + 0.18
Earnings Date 05/23/06 (unconfirmed)
Average Daily Volume = 788 thousand

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Hilton Hotels - HLT - close: 23.22 chg: +0.22 stop: 24.06

We warned readers to watch for a bounce in HLT today. However, we expected a rebound toward $23.50. It looks like the bounce stalled at $23.30 near its simple 200-dma. We're not suggesting new bearish positions. Our target is the $22.25-22.00 range.

Picked on March 02 at $23.98
Change since picked: - 0.77
Earnings Date 05/02/06 (unconfirmed)
Average Daily Volume: 2.9 million

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Hovnanian - HOV - close: 44.54 change: -0.51 stop: 46.11

There was no follow through on yesterday's big bounce in the homebuilders. That's good news for the bears but we're not out of danger yet. HOV dipped toward the $44.00 level today and failed to breakdown below it. We are not suggesting new bearish positions.

Picked on March 05 at $44.85
Change since picked: - 0.31
Earnings Date 03/01/06 (confirmed)
Average Daily Volume: 972 thousand

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Officemax - OMX - close: 29.02 chg: +0.07 stop: 29.41

We are fortunate that OMX did not participate more in today's market rally. However, just because it didn't doesn't mean we're out of the woods yet. We are not suggesting new positions at this time. Our target is the $27.10-27.00 range.

Picked on March 14 at $28.69
Change since picked: + 0.33
Earnings Date 05/04/06 (unconfirmed)
Average Daily Volume: 1.0 million
 

Closed Long Plays

None
 

Closed Short Plays

None
 

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