Long Play Updates
Short Play Updates
Dell Inc. - DELL - cls: 26.43 change: -1.35 stop: 28.26
The oversold rally has indeed failed and shares of DELL lost 4.8% and closed at a new relative low. Shares paused near its rising 100-dma this afternoon. Our target is the $25.75-25.50 range.
Picked on August 06 at $26.95
Mattel - MAT - cls: 22.48 change: -0.49 stop: 24.05 *new*
MAT continues to move lower. The stock ignored an analyst upgrade this morning and lost 2.1% to close on its lows for the session with strong volume behind the move. MAT looks poised to hit a new relative low and our target in the $22.05-22.00 range. We are adjusting the stop loss to $24.05.
Picked on July 22 at $24.68
Motorola - MOT - cls: 16.81 change: -0.29 stop: 17.55
The trading in MOT today looks like a bearish failed rally pattern that readers could use as a new entry point for shorts. If you're feeling conservative you could tighten your stop loss toward today's high (17.23). Our target is the $15.10-14.50 range.
Picked on July 29 at $16.95
NTELOS - NTLS - cls: 23.84 change: -1.10 stop: 26.75 *new*
Shares of NTLS continued to sink. The stock broke down under potential support at $24.00 and its 100-dma with a 4.4% decline. We are adjusting our stop loss to $26.75. Our target is the $22.25-22.00 range.
Picked on August 05 at $25.76
Riverbed Tech. - RVBD - cls: 42.62 change: -2.00 stop: 45.75
RVBD erased yesterday's big gain with today's 4.4% sell-off. Volume came in about average, which is a surprise given that market volume was high. The trend continues to look bearish although the $40 level might be support. Our target is the $36.00-35.00 range.
Picked on August 05 at $41.79
UnitedHealth - UNH - cls: 46.33 change: -1.24 stop: 50.26
UNH shrugged off an upgrade from Goldman Sachs and continued to sink. The stock lost 2.6% on strong volume. Shares look poised to breakdown under support near $46.00. We're not suggesting new bearish positions at this time. Our target is the $45.25-45.00 range.
Picked on July 26 at $49.95
Energy Sector SPDR - XLE - cls: 67.36 chg: -1.99 stop: 70.10*new*
On a technical basis, the action in XLE over the last two days, looks like a clear failed rally under resistance and thus a new entry point to short the energy SPDR. However, the market has been so volatile lately traders may want to hesitate about opening new positions anywhere. We are adjusting our stop loss to $70.10. The XLE has already hit our first target in the $65.25-65.00 range. Our secondary, aggressive target is the $62.50 level.
Picked on July 26 at $69.75
Closed Long Plays
Closed Short Plays
Agilent Tech - A - cls: 35.89 change: -2.59 stop: 39.05
Shares of A almost hit our target this afternoon. The stock plunged to an intraday low of $35.58. Our target has been the $35.50-35.00 zone. The stock closed with a 6.7% loss on huge volume. Unfortunately, before the stock turned south shares spiked above resistance at the $39.00 level and hit our stop loss at $39.05.
Picked on July 29 at $37.64
Saul Centers - BFS - cls: 45.08 change: +1.00 stop: 45.05
We warned readers yesterday that BFS looked poised to breakout higher. Yet we were surprised by the stock's relative strength given the market's broad-based weakness. Shares of BFS were strong early on this morning in what looks like a short squeeze. The stock hit our stop loss at $45.05. You can see on the chart how BFS broke through its trendline of resistance.
Picked on July 25 at $43.76
Kroger - KR - close: 24.83 change: -0.62 stop: 27.26
Target achieved (and exceeded). Shares of KR may have been influenced by the relative weakness in the retailers today. Several high-profile retailers reported their monthly same-store sales, which came in under estimates. KR fell to an intraday low of $23.95 before a sharp bounce back this afternoon. Our target was the $24.10-24.00 range. Volume was very high on today's volatile session.
Picked on August 05 at $25.83
Lear Corp. - LEA - cls: 27.83 chg: -3.53 stop: 36.05
Target exceeded. Shares of LEA collapsed lower with an 11.25% decline on very big volume. The stock hit our conservative target in the $30.25-30.00 range and our more aggressive secondary target in the $27.75-27.50 zone. The intraday low was $27.40. If shares see an intraday bounce watch for potential resistance near $30 and again near $31.
Picked on August 05 at $32.96