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Long Play Updates

Phillips Van-Heusen - PVH - cls: 39.80 chg: +0.50 stop: 37.49

We are still urging caution here. PVH displayed some strength today with a sharp rally to $40.85 but it failed to hold on to these gains and was diving lower into the closing bell today. This failed rally does not inspire any confidence and more conservative traders may want to tighten their stop loss. Our target is the $42.00-42.50 range. The Point & Figure chart currently points to a $56 target.

Picked on April 19 at $38.59
Change since picked: + 1.21
Earnings Date 06/19/06 (unconfirmed)
Average Daily Volume: 332 thousand

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Stone Energy - SGY - close: 47.49 chg: -0.09 stop: 45.95

Volume in SGY came in very low today as the stock churned sideways in an 80-cent range under technical resistance near its simple 200-dma (around $47.90-48.00). Overall we see no changes from our weekend update. More conservative traders may want to wait for a new rise past the simple 200-dma at 48.01 before initiating plays. Our short-term target will be resistance in the $51.25-51.50 range. More aggressive traders may want to aim higher.

Picked on May 07 at $47.41
Change since picked: + 0.08
Earnings Date 05/03/06 (confirmed)
Average Daily Volume: 560 thousand

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Universal Health - UHS - close: 51.91 chg: +0.05 stop: 49.95

UHS tried to breakout higher again today but struggled at the $52.00 level. Our strategy still stands. If triggered we will target the $56.00-57.00 range, which has been significant resistance in the past. We do anticipate some resistance near $54.

Picked on May xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 04/27/06 (confirmed)
Average Daily Volume: 571 thousand
 

Short Play Updates

Blyth Inc. - BTH - close: 20.78 chg: -0.06 stop: 20.55

We are still sitting on the sidelines with BTH. We're still suggesting a trigger to short the stock at $19.79 under the March low. If triggered we will target a decline into the $18.25-18.00 range since the $18.00 level has been support in the past.

Picked on April xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 05/24/06 (unconfirmed)
Average Daily Volume: 185 thousand

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Coach Inc. - COH - close: 31.92 chg +0.00 stop: 33.51

Shares of COH rose early this morning after the company announced a $500 million stock buy back program but the bullish momentum quickly faded. We do not see any changes from our weekend play description. We are suggesting a trigger at $31.45 to short the stock. If triggered our target will be the $28.25-27.50 range although more aggressive traders may want to aim lower.

Picked on May xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 04/25/06 (confirmed)
Average Daily Volume: 2.3 million

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Healthcare Rlty Trust - HR - cls: 34.63 chg: -0.57 stop: 37.01

The good news here is that HR's oversold bounce appears to be already failing. Our target is the $32.50-32.00 range. The Point & Figure chart points to a $22 target.

Picked on May 04 at $35.32
Change since picked: - 0.69
Earnings Date 05/03/06 (confirmed)
Average Daily Volume: 212 thousand

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Red Robin - RRGB - close: 45.02 chg: +0.02 stop: 46.51

RRGB continues to consolidate in a very narrow range at the $45.00 level under a trend of lower highs and above technical support at its rising 50-dma. We still believe a breakout is imminent. We are suggesting that readers look for a decline under $44.75 or $44.50 as the next entry point to short the stock. Our target is the $40.25-40.00 range. More aggressive traders may want to aim lower. We'll plan to exit ahead of the mid-May earnings report.

Picked on April 26 at $43.99
Change since picked: + 1.03
Earnings Date 05/17/06 (unconfirmed)
Average Daily Volume: 355 thousand

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Tiffany & Co. - TIF - close: 33.97 chg: -0.40 stop: 36.01

TIF continues to show relative weakness under short-term resistance at the descending 10-dma. We do not see any changes from our weekend play update. Our target is the $32.25-31.75 range.

Picked on April 25 at $35.11
Change since picked: - 1.14
Earnings Date 03/28/06 (confirmed)
Average Daily Volume: 1.3 million
 

Closed Long Plays

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Closed Short Plays

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