Long Play Updates
Apria Healthcare - AHG - cls: 34.22 chg: +0.02 stop: 31.85
The DJIA managed a decent gain while the rest of the major market averages consolidated sideways on Tuesday. This left AHG churning sideways as well. 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: 41.02 chg: -0.19 stop: 37.74
We don't see any changes from our previous update on ARW. We're still suggesting caution following Monday's failed rally pattern. 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: 57.16 chg: +0.64 stop: 52.95
BAM displayed relative strength with today's 1.1% gain. Volume was light, which should make the bulls somewhat cautious. Our target is the $58.75-59.00 range. We do not want to hold over the early May earnings.
Picked on April 08 at $54.76
Basic Energy - BAS - cls: 25.30 chg: -0.23 stop: 23.19
We would watch for a bounce from current levels as a new bullish entry point to buy the stock. More conservative traders may want to tighten their stops toward $24.00 or maybe the 10-dma near $24.50. 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: 37.75 chg: -0.25 stop: 35.74
BRS closed down 0.6% but it looks like traders were buying the dip late this afternoon. We're not suggesting new positions. Our target is the $38.40-38.50 range. 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: 50.82 chg: -0.68 stop: 47.45
It's not a surprise to see some profit taking today after CHRW's big Monday rally. A dip or bounce in the $50.00-50.50 range could be used as a new entry point. 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: 34.71 change: -0.70 stop: 33.45
COG is retreating from its recent highs and resistance near $36.00. Nimble traders may want to buy a dip or a bounce near $34.00 and its rising 50-dma. 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: +0.00 stop: 32.49
Shares of CTXS closed unchanged on the session. Our outlook on the stock is also unchanged. 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: 35.20 chg: +0.10 stop: 33.49
Bulls managed to squeeze out another 10-cent in EBAY today. We strongly suggest that readers consider an early exit tomorrow morning. Internet titan Yahoo (YHOO) reported earnings after the closing bell tonight and missed. YHOO may have a different business model but the news could still spark some profit taking in EBAY. We were already planning to exit tomorrow at the closing bell, Wednesday, April 18th to avoid the company's earnings announcement later that day. EBAY has already hit our conservative target in the $33.85-34.00 area.
Picked on March 05 at $30.49
James River Coal - JRCC - cls: 9.67 chg: +0.15 stop: 8.49*new*
We are strongly suggesting that readers consider an early exit in JRCC right here. The stock hit an intraday high of $9.80. Our target is the $9.90-10.00 range. Volume continues to rise, which is bullish, but it wouldn't take much to spark some profit taking. 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 $8.49. 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: 54.56 chg: -0.14 stop: 52.75
We don't see any changes from our previous updates on KLAC. 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: 28.85 chg: +0.12 stop: 27.99
MSFT produced a bullish breakout over resistance near $28.75 today. The stock hit our trigger to buy it at $28.85 so the play is now open. Our target is the $30.50-31.50 range. We don't want to hold over the April 26th earnings report.
Picked on April 17 at $28.85
NVIDIA Corp. - NVDA - cls: 30.71 chg: +0.29 stop: 27.99
NVDA popped higher this morning on some positive analysts comments and a raised price target. Unfortunately, NVDA failed to hold a good portion of those gains. A dip into the $30.00-30.25 region could be used as a new entry point. 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
UNIT Crp. - UNT - cls: 55.13 chg: -1.00 stop: 51.75
Warning! Bearish reversal alert. UNT has produced a bearish engulfing candlestick pattern, which at the top of a run up, is usually a very clear indication of a bearish reversal. More conservative traders may want to exit immediately to lock in a gain. We're not suggesting new positions at this time and expect a dip toward $54.00 or its 10-dma. We do not want to hold over the late April earnings report. Our target is the $58-60 range.
Picked on April 08 at $51.95
Short Play Updates
Closed Long Plays
Helmerich Payne - HP - cls: 31.87 chg: -0.32 stop: 30.95
We are giving up on HP and suggesting an early exit immediately. The stock has been marching higher and was starting to look a little overbought again. Today's session produced a bearish reversal pattern with its bearish engulfing candlestick. We're suggesting an early exit to lock in a gain immediately. Our target was the $32.35-32.50 range. Today's high was $32.33.
Picked on March 19 at $28.77 *gap higher*
Titan Intl - TWI - cls: 27.83 chg: +0.07 stop: 26.25
Target achieved. TWI rallied to a new high this morning at $28.00. Our target was the $27.90-28.00 range. While shares were bouncing higher this afternoon we'd be very careful if you didn't exit with us. At the very least consider tightening your stop.
Picked on April 04 at $26.25
Closed Short Plays