Long Play Updates
Apria Healthcare - AHG - cls: 34.20 chg: +0.43 stop: 31.85 *new*
The market's widespread rally on Monday helped push AHG past potential resistance at the $34.00 level. Shares closed up 1.2% on below average volume. The lack of volume is a warning sign for the bulls but we're not going to complain about it for now. We will tighten our stop loss to $31.85. Our target is the $35.75-36.00 range. We do not want to hold over the May 1st earnings report.
Picked on March 27 at $32.37
Arrow Elctr. - ARW - cls: 41.21 chg: +0.13 stop: 37.74
Caution! ARW posted another gain on Monday but the action almost looks bearish. The stock closed off its intraday highs (41.69) and we wouldn't be surprised by a dip towards the $40.00 level. If you're looking for a new entry point another dip or bounce near $40 looks like a good spot to consider buying the stock. Our target is the $43.75-45.00 range. We don't have much time and plan to exit ahead of the April 24th earnings report. FYI: More aggressive traders may want to use a wider stop loss under the 50-dma.
Picked on April 09 at $40.15
Brookfield Asset Mgmt - BAM - cls: 56.52 chg: +1.23 stop: 52.95*new*
News of another buyout, this time with SLM, powered the broker-dealer stocks to gains. Shares of BAM enjoyed a 2.2% gain and a bullish breakout over short-term resistance at the $56.00 level. Our target is the $58.75-59.00 range. We do not want to hold over the early May earnings. Please note that we're raising the stop loss to $52.95, just under the 50-dma.
Picked on April 08 at $54.76
Basic Energy - BAS - cls: 25.53 chg: +0.34 stop: 23.19
Oil stocks tended to lag the market gains today but BAS did well with a 1.3% rally. Looks like traders were buying the dip near its simple 200-dma. This looks like another entry point to buy the stock. Our target is the $29.00-30.00 range. We do not want to hold over the early May earnings report.
Picked on April 12 at $25.39
Bristow Group - BRS - close: 38.00 chg: +0.29 stop: 35.74
BRS continued to march higher on Monday. Shares actually gapped open higher and then traded sideways near the $38.00 level all day. We could not find any specific news to account for the gap open. Overall the trend remains bullish but this close to our $38.40-38.50 target range we are not suggesting new positions. FYI: The P&F chart is bullish and points to a $47 target.
Picked on March 11 at $35.88
C.H.Robinson Worldwide - CHRW - cls: 51.50 chg: +1.67 stop: 47.45
Our new bullish play in CHRW is now open. Transportation stocks surged to another new six-week high. This helped CHRW breakout past resistance near $50.00 and its 50-dma. Our suggested trigger to buy the stock was at $50.25. Our target is the $54.00-54.50. Our target might be a little too optimistic given our time frame. We do not want to hold over the April 25th earnings report.
Picked on April 16 at $50.25
Cabot Oil - COG - close: 35.41 change: -0.18 stop: 33.45
Oil stocks lost the limelight with crude oil barely moving on Monday and the rest of the market in rally mode. Traders bought the dip in COG near $35.00 this morning. Aggressive traders might want to buy the bounce. We're waiting for a breakout over $36.00. Our suggested trigger to buy the stock is at $36.15. If triggered our target is the $39.75-40.00 range. We do not want to hold over the April 30th earnings report.
Picked on April xx at $xx.xx <-- see TRIGGER
Citrix Sys. - CTXS - cls: 34.30 chg: +0.64 stop: 32.49
Our new bullish play in software stock CTXS is now open. The GSO software index surged to a new multi-year high and the sector strength helped CTXS breakout past resistance at the $34.00 level. We were suggesting a trigger to buy the stock at $34.10. Now that the play is open our target is the $36.50-37.00 range. We do not want to hold over the April 25th earnings report.
Picked on April 16 at $34.10
eBay Inc. - EBAY - close: 35.10 chg: +0.32 stop: 33.49 *new*
EBAY is breaking out to new eleven-month highs as the company's earnings report quickly approaches. Our plan is to exit at the closing bell on Wednesday, April 18th to avoid the company's earnings announcement later that day. Please note that we're adjusting the stop loss to $33.49. EBAY has already hit our conservative target in the $33.85-34.00 area. More conservative traders may want to strongly consider an early exit now to lock in a gain.
Picked on March 05 at $30.49
Helmerich Payne - HP - cls: 32.19 chg: +0.27 stop: 30.95 *new*
HP is quickly nearing our target in the $32.35-32.50 range. The intraday high today was $32.27. We're not suggesting new positions at this time. More conservative traders may want to exit now. We are raising our stop loss to $30.95.
Picked on March 19 at $28.77 *gap higher*
James River Coal - JRCC - cls: 9.52 chg: +0.51 stop: 8.39*new*
Shares of coal producer JRCC were on fire again. Two weeks ago we added the stock on some M&A speculation and it looks like JRCC has caught the fever again. The stock rose 5.66% and is poised to hit our target in the $9.90-10.00 range. The intraday high was $9.60. We're not suggesting new positions at this time. More aggressive traders may want to aim for the December 2006 highs near $10.85 or the simple 200-dma near $11.80 (for now). We are raising our stop to $8.39. More conservative traders may want to put theirs closer to $8.75. We do not want to hold over the early May earnings report.
Picked on April 08 at $ 8.15
KLA-Tencor - KLAC - cls: 54.70 chg: -0.02 stop: 52.75
We think KLAC is showing some relative strength. Monday brought the second downgrade in two days for KLAC. Yet shares only lost two cents. Traders bought the dip near the $54.00-54.90 region two days in a row. More conservative traders may want to tighten their stops. We would use any bounce from here as a new entry point. Consider waiting for a rise past $55.00 as a new entry. Bear in mind that we do not want to hold over the April 26th earnings report. Our target is the $59.50-60.00 range.
Picked on April 04 at $55.15
Microsoft - MSFT - cls: 28.73 chg: +0.12 stop: 27.99
MSFT rallies again, which lent support to the software sector. The GSO software index broke out to new multi-year highs. Shares of MSFT came very close to hitting our trigger to buy it at $28.85. The high today was $28.75. More aggressive traders may want to jump in early. If we are triggered at $28.85 our target is the $30.50-31.50 range. We don't want to hold over the April 26th earnings report.
Picked on April xx at $xx.xx <-- see TRIGGER
NVIDIA Corp. - NVDA - cls: 30.42 chg: -0.16 stop: 27.99
We don't see any changes from our weekend comments on NVDA. However, the stock did struggle with its 50-dma today. More conservative traders may want to wait for a rally past $30.80-30.85 before initiating positions. Or consider waiting for a new relative high over $31.25. Our target is the $34.50-35.00 range. Beware the simple 100-dma looming overhead as potential resistance.
Picked on April 15 at $30.58
Titan Intl - TWI - cls: 27.76 chg: +0.59 stop: 26.25 *new*
More conservative traders may want to exit now in TWI. The stock hit an intraday high of $27.84. Our suggested target is the $27.90-28.00 range. TWI closed up 2.17% and does look poised to move higher but there are no guarantees. We're not suggesting new positions at this time. We are adjusting the stop loss to $26.25.
Picked on April 04 at $26.25
UNIT Crp. - UNT - cls: 56.13 chg: +0.19 stop: 51.75 *new*
UNT continued to inch higher on Monday but oil stocks lagged the markets with crude oil barely moving on the session. The trend in UNT is bullish but the stock does look short-term overbought at this point. We're not suggesting new positions at current levels. More conservative traders may want to strongly consider an early exit right here to lock in a gain! We are raising our stop loss to $51.75. We do not want to hold over the late April earnings report.
Picked on April 08 at $51.95
Short Play Updates
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