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Long Play Updates

Dell Inc. - DELL - cls: 25.66 change: -0.09 stop: 24.69

The NASDAQ and the hardware sector posted gains on Friday but DELL is still struggling with resistance near $26.00. Looking at the intraday charts for DELL we might get another entry point on a dip toward $25.25-25.00 soon. Watch for signs of a bounce before jumping in. Our target is the $27.25-27.50 range. We do not want to hold over the late May earnings report.

Picked on April 29 at $25.23
Change since picked: + 0.43
Earnings Date 05/31/07 (confirmed)
Average Daily Volume: 21.9 million

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ENSCO - ESV - close: 58.35 change: +0.20 stop: 54.75 *new*

Oil and energy stocks held up relatively well this past week in spite of a significant decline in crude oil futures. ESV did better than most with a 2.6% gain for the week. The stock hit new all-time highs on Friday and is nearing our conservative target in the $59.85-60.00 range. Our aggressive target is the $62.50-65.00 zone. We would wait for a dip near its 10-dma before considering new positions at this time. Please note that we're raising the stop loss to $54.75. The $56.00 level should now act as support.

Picked on April 29 at $56.84
Change since picked: + 1.51
Earnings Date 04/24/07 (confirmed)
Average Daily Volume: 2.9 million

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NVIDIA Corp. - NVDA - cls: 33.71 chg: +0.24 stop: 32.45*new*

Shares of graphics chipmaker NVDA continue to creep higher. The stock recently bounced from technical support at its 10 and 100-dma. Now shares are trading near the top of its current trading range and look poised to breakout over resistance near $34.00. The stock is up about 10% from our picked price so more conservative traders may want to lock in a gain now. We're not suggesting new positions. Our target is the $34.50-35.00 range. Please note that we're raising the stop loss to $32.45.

Picked on April 15 at $30.58
Change since picked: + 3.13
Earnings Date 05/10/07 (confirmed)
Average Daily Volume: 11.9 million

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World Acceptance Corp. - WRLD - cls: 43.82 chg: +0.40 stop: 41.99*new*

WLRD has been inching higher with a bullish pattern of higher lows but it hasn't been very convincing. Shares are fluctuating around the 100 and 200-dma. This might be a new entry point since the banking indices are breaking out or poised to breakout higher. We are going to tighten the stop loss to $41.99. Our target is the $49.50-50.00 range. The P&F chart points to a $56 target.

Picked on April 29 at $44.58
Change since picked: - 0.76
Earnings Date 04/26/07 (confirmed)
Average Daily Volume: 180 thousand
 

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