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BULLISH Play Updates

Fluor Corp. - FLR - close: 51.37 change: +3.29 stop: 46.45 *new*

Target achieved! FLR gapped open higher and surged to a 6.8% gain. The intraday high was $51.62. Our first target to take profits was $49.95. The next level of overhead resistance is the 100-dma near $54.00. Our secondary target to take profits and exit is $53.85 but we'll continue to adjust it to keep it under the 100-dma. Please note that we are raising the stop loss to 46.45.

chart:
FLR

Picked on December 12 at $46.00 
Change since picked:     + 5.37   			
Earnings Date          02/26/09 (unconfirmed)    
Average Daily Volume:       6.1 million     


Hasbro Inc. - HAS - close: 28.87 change: +1.56 stop: 26.75 *new*

HAS rallied sharply and managed a 5.7% gain and another breakout over its simple 50-dma. We are raising the stop loss to $26.75. Volume was actually healthy on today's gain, which is a good sign. Traders could choose to buy this bounce or look for a dip back toward $28.00. We have two targets. Our short-term target is $29.90. Our multi-week target is $32.25.

Picked on December 06 at $28.31 /gap higher entry
Change since picked:     + 0.56 /originally listed at $27.84
Earnings Date          02/09/09 (unconfirmed)    
Average Daily Volume:       2.6 million     


Hansen Natural - HANS - close: 30.41 change: +1.59 stop: 27.85 *new*

The widespread rally in stocks this afternoon was enough to push HANS through resistance at $30.00, its simple 200-dma and the exponential 200-dma. Our trigger to buy the stock was at $30.25 so the play is now open. We are raising the stop loss to $27.85. We have two targets. Our first target is $34.90. We are going to list a secondary target at $37.50 but strongly suggest readers take most of their money off the table at $34.90. The Point & Figure chart looks very bullish (see below) with a $45 target.

chart:
HANS

Picked on December 16 at $30.25 *triggered       
Change since picked:     + 0.16   			
Earnings Date          02/26/09 (unconfirmed)    
Average Daily Volume:       1.8 million     


Juniper Networks - JNPR - close: 17.80 change: +0.84 stop: 16.49

JNPR rallied 5% today and after its recent consolidation the stock looks poised to run higher. I would use this bounce as another entry point to buy the stock. Our target is $19.85. FYI: The P&F chart is bullish with a $26 target.

Picked on December 13 at $17.46 
Change since picked:     + 0.34   			
Earnings Date          01/22/09 (unconfirmed)    
Average Daily Volume:      10.1 million     


Lam Research - LRCX - close: 22.47 change: +1.04 stop: 20.49

So far so good. LRCX bounced to the tune of +4.8% and closed at its highs for the day. Volume was good. I would be a buyer here. Our target is $24.90. More aggressive traders may want to aim higher. The P&F chart is bullish with a $33 target.

Picked on December 15 at $22.25 *triggered       
Change since picked:     + 0.22   			
Earnings Date          01/21/09 (unconfirmed)    
Average Daily Volume:       3.1 million     


N.Amer.Palladium - PAL - close: 1.90 change: +0.13 stop: 1.25

Commodity-related stocks continued to rally thanks to the sharp decline in the U.S. dollar. Shares of PAL packed on another 7.3%. It might be time for a little correction. If you're looking for a new entry point wait for a dip. We don't see any changes from our previous comments. This is a high-risk, speculative play. Our target is $3.00.

Picked on December 13 at $ 1.67 /gap open entry
Change since picked:     + 0.23 /originally listed at $1.54
Earnings Date          11/08/08 (confirmed)    
Average Daily Volume:       593 thousand    


RadioShack - RSH - close: 11.81 change: +0.89 stop: 10.69 *new*

The market's broad-based rally helped RSH produce an 8.1% gain. The stock also broke out from its recent trading range and today's move is also a technical breakout above its 50-dma. We are adjusting our stop loss to $10.69. More conservative traders may want to tighten their stops further. We have two targets. Our first target is $12.45. Our second target is $13.75.

Picked on December 13 at $11.15 
Change since picked:     + 0.66   			
Earnings Date          02/12/09 (unconfirmed)    
Average Daily Volume:       4.3 million     


Raytheon - RTN - close: 50.67 change: +0.73 stop: 48.85 *new*

RTN under performed the market on Tuesday. While the recent trend is bullish with the pattern of higher lows I am growing more cautious. We're raising our stop loss to $48.85. Our target is unchanged at $54.50. The P&F chart is bullish with a $61 target.

Picked on December 06 at $50.48 /gap higher entry
Change since picked:     + 0.19 /originally listed at $49.55
Earnings Date          01/29/09 (unconfirmed)    
Average Daily Volume:       4.4 million     


BEARISH Play Updates

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