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Long Play Updates

Cepheid - CPHD - close: 31.02 change: +0.48 stop: 27.95*new*

An entry point in CPHD continues to elude us. We are going to adjust our suggested entry point to buy shares of CPHD to $30.15-29.00. We're also adjusting our stop loss to $27.95 while more conservative traders may want to put their stop near $28.50 or closer to $29.00. We're also adjusting our target to just the $34.00-35.00 range.

Picked on January xx at $xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 02/21/08 (unconfirmed)
Average Daily Volume: 1.2 million


Schering-Plough - SGP - cls: 20.57 change: +1.04 stop: 18.49

Friday turned out to be a strong day for SGP. The stock rose 5% and broke through short-term resistance at its 10-dma and the $20.00 mark. We suggested readers buy a breakout over $20.00. If you missed it you could jump in now or better yet wait for a dip back towards $20.00, which should now be short-term support. Our target is the $22.00-22.50 range. Don't forget that we want to exit ahead of the February 12th earnings report.

Picked on January 27 at $19.02
Change since picked: + 1.55
Earnings Date 02/12/08 (confirmed)
Average Daily Volume: 19.2 million

Short Play Updates


Closed Long Plays


Closed Short Plays

Fastenal Co. - FAST - close: 41.91 chg: +1.50 stop: 41.31

FAST continued to rally on Friday and broke through resistance near $41.00 and its exponential 200-dma and 100-dma. The stock hit our stop loss at $41.31 closing the play. Technically Friday's move is very bullish as it also broke through resistance at the top of its bearish channel. Nimble traders may want to buy this breakout with a stop loss near $38.50-38.75.

Picked on January 27 at $39.07 stopped at $41.31
Change since picked: + 2.84
Earnings Date 01/22/08 (confirmed)
Average Daily Volume: 1.7 million

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