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Long Play Updates

Asta Funding - ASFI - close: 35.71 change: +0.28 stop: 33.95

This might just be a new bullish entry point for ASFI. The stock traded lower this morning but then consolidated sideways between $35.00 and $35.20 for most of the day. The late day buying spree in the markets helped fuel a mini-breakout for ASFI. Volume was rising with the stock's strength. We're still suggesting that readers wait for a move over $36.00 or its 50-dma before going long but more aggressive traders might want to consider today's bounce as a new entry. Our target is the $39.95-40.00 range.

Picked on June 23 at $36.01
Change since picked: - 0.29
Earnings Date 08/08/06 (unconfirmed)
Average Daily Volume: 165 thousand

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A.S.V.Inc. - ASVI - close: 21.75 change: -0.04 stop: 19.99

We do not see any changes from our weekend update on ASVI. More conservative traders may want to exit early near the 50-dma (currently near $23.04). We are not suggesting new plays at this time. Our target is the $23.50-24.00 range (for now).

Picked on June 18 at $21.20
Change since picked: + 0.55
Earnings Date 07/27/06 (unconfirmed)
Average Daily Volume: 463 thousand

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Syneron Med. - ELOS - close: 21.00 change: -0.42 stop: 19.99

As expected the markets were mostly flat today as investors wait for the FOMC's next interest rate decision. This left ELOS to churn sideways in a narrow 30-cent range. We're starting to worry that the MACD may be rolling over soon suggesting that ELOS still has farther to fall. We would not suggest new bullish positions at this time. Our target is the $23.85-24.00 range but we are concerned that the simple 50-dma near $23 might be the next level of overhead resistance.

Picked on June 21 at $21.51
Change since picked: - 0.51
Earnings Date 08/03/06 (unconfirmed)
Average Daily Volume: 615 thousand

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Energy Transfer - ETP - close: 45.40 chg: +0.43 stop: 42.49

ETP is still marching higher. The stock added 0.95% and its MACD has produced a new buy signal. The stock is nearing potential resistance in the $45.80-46.00 region and we do expect a pull back once this area is hit. A dip to $44.50 could be used as a new entry point for longs. Our target is the $47.50-48.00 range.

Picked on June 18 at $44.25
Change since picked: + 1.15
Earnings Date 07/10/06 (unconfirmed)
Average Daily Volume: 149 thousand

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Ryder Systems - R - close: 56.32 chg: -0.03 stop: 53.49

We do not see any changes from our new play description on R this past weekend. Shares spiked over $57 this morning and traders bought the dip near $56 this afternoon. We are going to suggest longs with R above $56.00. Our short-term target is the $59.85-60.00 range. More aggressive traders might want to keep their eyes open for a potential entry point on a dip near $55.00. We do not want to hold over the late July earnings report. Please note that R is due to present at a transportation conference on Tuesday, June 27. This event is an unknown variable that could produce stock-moving headlines.

Picked on June 25 at $56.35
Change since picked: - 0.03
Earnings Date 07/27/06 (unconfirmed)
Average Daily Volume: 644 thousand

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Ryland Group - RYL - close: 45.37 chg: +0.59 stop: 43.99

Homebuilding stocks were strong today after an unexpected rise in the new home sales numbers released this morning. Shares of RYL quickly rose to $46.55 before losing steam. Our trigger to buy the stock was at $45.31 so the play is now open. Looking at how today's strength failed did not inspire a lot of confidence. We're going to remain bullish with RYL above $45.00 but more conservative traders may want to tighten their stops! Our target is the $49.50-50.00 range. We do not want to hold over the company's earnings report on July 19th.

Picked on June 26 at $45.31
Change since picked: + 0.06
Earnings Date 07/19/06 (confirmed)
Average Daily Volume: 1.5 million

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Starbucks - SBUX - close: 36.49 chg: -0.01 stop: 34.98

We see no changes from our weekend update on SBUX. Our trigger to go long the stock is at $37.05 so we remain on the sidelines for now. More conservative traders may want to raise their trigger to $37.15 or $37.25 just to make sure that we're catching a real breakout past resistance. If triggered we'll target a rally into the $39.95-40.00 range.

Picked on June xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 08/02/06 (unconfirmed)
Average Daily Volume: 6.0 million

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Verizon Comm. - VZ - close: 32.78 change: -0.05 stop: 31.90

There are no changes from our weekend update on VZ. We're still expecting a dip toward the 10-dma, maybe toward the 200-dma. We would still wait for a dip and bounce before considering new long positions. Our target is the $34.75-35.00 range.

Picked on June 18 at $32.54
Change since picked: + 0.24
Earnings Date 07/25/06 (unconfirmed)
Average Daily Volume: 9.8 million
 

Short Play Updates

The Geo Group Inc. - GGI - cls: 33.40 chg: -0.20 stop: 35.05

We do not see any changes from our weekend update on GGI. The market's sideways consolidation led GGI to trade in a 63-cent range. We're not suggesting new bearish plays at this time and want to remind readers that this is an aggressive play due to the stock's volatility. Our conservative target at $32.25 has already been hit. We're going to adjust our aggressive target from $30.25 to $31.00 due to the rising 100-dma, currently at $30.78.

Picked on June 11 at $34.14
Change since picked: - 0.74
Earnings Date 05/04/06 (confirmed)
Average Daily Volume: 135 thousand

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Juniper Networks - JNPR - close: 15.83 chg: +0.01 stop: 17.05

Some negative analyst comments on JNPR failed to spark any new selling pressure. Investors are waiting for the FOMC meeting and shares of JNPR churned sideways just like everything else. We're suggesting shorts with JNPR under $16.00. More conservative traders may want to see a new relative low under $15.65 first. Our target is the $14.10-14.00 range. We do not want to hold over the mid July earnings report. The P&F chart looks very bearish with an $8.50 target.

Picked on June 19 at $15.89
Change since picked: - 0.06
Earnings Date 07/19/06 (unconfirmed)
Average Daily Volume: 13.8 million

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4 Kids Enter. - KDE - close: 15.40 change: +0.02 stop: 16.05

There is no change from our weekend update on KDE. We are going to remain bearish as long as KDE remains under broken support at $15.50. Our target is the $12.60-12.50 range. The P&F chart sports a triple-bottom breakdown sell signal with an $11.50 target.

Picked on June 19 at $15.45
Change since picked: - 0.05
Earnings Date 08/09/06 (unconfirmed)
Average Daily Volume: 113 thousand

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Medtronic - MDT - close: 48.28 change: -0.20 stop: 51.01

MDT is still slipping toward the next level of support around $48.00. We are expecting a bounce near the $48.00 level. Therefore we're not suggesting new shorts at this time. Wait for the bounce to fail, probably under the $50 level as a new entry point for shorts. Our target is the $45.50-45.00 range. We do not want to hold over the August earnings report.

Picked on June 21 at $49.49
Change since picked: - 1.21
Earnings Date 08/22/06 (unconfirmed)
Average Daily Volume: 10.8 million

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Middlesex Water - MSEX - close: 17.14 change: -0.07 stop: 17.75

We see no changes from our weekend update on MSEX. We are not suggesting new short positions until MSEX trades back under $17.00 or $16.90 again. Our target is the $15.15-15.00 range. The P&F chart points to a $12.00 target.

Picked on June 20 at $16.90
Change since picked: + 0.36
Earnings Date 05/08/06 (confirmed)
Average Daily Volume: 28 thousand

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NitroMed - NTMD - close: 4.68 change: -0.31 stop: 5.51

Monday was another rough day for NTMD investors. The stock churned sideways for the first half and then suddenly began to slide lower. Shares closed with a 6.2% loss although it's worth noting that volume came in very low. Our target is the $3.70-3.60 range.

Picked on June 18 at $ 5.07
Change since picked: - 0.39
Earnings Date 07/31/06 (unconfirmed)
Average Daily Volume: 710 thousand

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Sun Hydraulics - SNHY - cls: 18.48 chg: +0.36 stop: 18.51

We have bad news. SNHY displayed some relative strength today and added close to 2%. Shares look poised to hit our stop loss at $18.51 tomorrow. We expected to be stopped out.

Picked on June 21 at $17.45
Change since picked: + 1.03
Earnings Date 08/08/06 (unconfirmed)
Average Daily Volume: 89 thousand

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Tellabs - TLAB - close: 13.50 change: -0.21 stop: 14.81

TLAB continues to show relative weakness. The stock lost 1.5% on above average volume. This seems especially noteworthy since volume was so low across the market today. Our target is the $13.00-12.75 range. We do not want to hold over the company's July earnings report.

Picked on June 18 at $14.32
Change since picked: - 0.82
Earnings Date 07/25/06 (unconfirmed)
Average Daily Volume: 5.9 million
 

Closed Long Plays

None
 

Closed Short Plays

Avid Tech. - AVID - close: 33.96 change: +0.15 stop: 37.35

Lately we've been suggesting that readers consider an early exit to lock in any potential gains in AVID. After today's bounce we're going to do just that. More aggressive traders may want to leave the short open since AVID is still under potential resistance at its 10-dma and the $35.00 level. We had been aiming for a decline to the $32.50 mark.

Picked on June 11 at $37.35
Change since picked: - 3.39
Earnings Date 08/03/06 (unconfirmed)
Average Daily Volume: 763 thousand
 

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