Long Play Updates
Apria Healthcare - AHG - cls: 34.21 chg: -0.01 stop: 31.85
We do not see any changes from our previous comments on AHG. The trend is still bullish but we'd look for a dip if you want a new entry point. 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: 40.90 chg: -0.12 stop: 37.99 *new*
The action in ARW looks more and more like a short-term top. Monday's failed rally and now today's failed rally both suggest that ARW is headed lower, probably toward $40. The above average volume behind today's session doesn't help the bulls. More conservative traders may want to exit early or tighten their stops. We're not suggesting new plays until we see where ARW bounces. 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: We are raising our stop loss to $37.99.
Picked on April 09 at $40.15
Brookfield Asset Mgmt - BAM - cls: 57.29 chg: +0.13 stop: 52.95
BAM posted another gain but the session was spent churning sideways. Financials were a strong spot in the market today and we're a little surprised that BAM didn't show more strength. 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: 25.20 chg: -0.10 stop: 23.19
This might be a new entry point in BAS. Traders bought the dip this morning near its 10-dma and 200-dma. We are feeling a little cautious here so we would watch for a new move over $25.60 before initiating new positions. 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: 37.32 chg: -0.43 stop: 35.74
Volume came in low but that didn't stop BRS from suffering another 1.1% loss in profit taking. 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: 51.11 chg: +0.29 stop: 47.45
We were expecting more of a pull back but CHRW surprised us with a 0.5% gain. We're still looking for a dip before the stock posts any new relative highs. 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: 35.10 change: +0.39 stop: 33.45
COG suffered some weakness early this morning but traders bought the dip near $34.00 and its rising 50-dma. This bounce looks like a new entry point for more aggressive traders. 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: 34.33 chg: +0.03 stop: 32.49
We don't see any changes from our previous comments on CTXS. The stock has traded sideways for most of the last three days. A bounce near $34.00 could be used as a new entry point. 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
James River Coal - JRCC - cls: 9.42 chg: -0.25 stop: 8.49
The rally in JRCC took a breather on Wednesday. Shares slipped 2.5% on light volume. Our target is the $9.90-10.00 range. 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 do not want to hold over the early May earnings report.
Picked on April 08 at $ 8.15
KLA-Tencor - KLAC - cls: 54.66 chg: +0.10 stop: 52.75
We are somewhat surprised that KLAC didn't show more strength today. The SOX semiconductor index rose 2.5% after Intel reported lackluster earnings but raised their gross margin guidance. Meanwhile LRCX announced a huge stock buyback. We repeat our early comments about waiting for a rise past $55.00 before initiating new long positions. Keep 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: 28.60 chg: -0.25 stop: 27.99
There was no follow through on MSFT's bullish breakout on Tuesday. The stock's relative weakness with today's 0.8% decline is a concern. We'd wait for a new move over $28.85 before initiating new positions. 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: 31.09 chg: +0.38 stop: 27.99
The big rally in semiconductor may have helped NVDA with its 1.2% gain but we expected more. The stock is still looking bullish with its bounce near the rising 200-dma. 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: 54.87 chg: -0.26 stop: 51.75
UNT's profit taking might be over with today's bounce from its intraday low. It's hard to tell and readers will have to take a wait and see approach. 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
eBay Inc. - EBAY - close: 34.45 chg: -0.75 stop: 33.49
Our time is up. EBAY lost 2.1% as investors reacted to YHOO's earnings news yesterday. It was our plan to close the play today before the company reported earnings after the bell. Shares hit our conservative target in the $33.85-34.00 range days ago. We normally avoid holding over earnings because there are so many variables that can spoil the news and send shares lower. EBAY might be an exception. The company beat estimates and raised their full year guidance. The stock was trading near $35.70 in after hours trading.
Picked on March 05 at $30.49
Closed Short Plays