Hansen Natural - HANS - close: 33.90 change: +0.22 stop: 30.49 *new*
Target achieved. HANS finally hit the $34.00 mark with Friday's intraday high of $34.06. The stock continues to look bullish with a trend of higher lows. Our first target to take profits was at $33.90. Our secondary target is $36.00. We are going to inch up our stop loss to $30.49. More conservative traders may want to use a stop closer to the 10-dma near $31.90 instead. We are not suggesting new positions at this time.
Hasbro Inc. - HAS - close: 29.04 change: -0.09 stop: 28.31 *new*
I am still concerned that the upward momentum in HAS is quickly fading. The stock has been trading sideways for almost two weeks now. We are raising the stop loss to breakeven at $28.31. If you want to take a swing at HAS then wait for another dip back toward the rising 10-dma near $28.60 as your entry point. Otherwise I'm not suggesting new bullish positions. We have two targets but I'm adjusting the second target. Our first target is $29.90. Our secondary target is $31.50. We will try to keep the secondary target under the falling 100-dma, which is currently around $31.75.
Henry Schein - HSIC - close: 35.38 change: -0.15 stop: 34.75 *new*
HSIC dipped again but the stock is testing the bottom edge of its narrow, rising channel. Thus this pull back should be a new entry point to buy the stock. More aggressive traders may want to leave their stop loss under $34.00 while conservative traders could inch theirs up toward $35.00. We are adjusting the stop to $34.75. We are also adjusting the target to $37.95. FYI: A move over $37.00 would produce a new P&F chart buy signal.
RadioShack - RSH - close: 11.75 change: -0.20 stop: 11.15
Upward momentum in RSH is also fading. We are not suggesting new bullish positions. Currently our stop loss is at breakeven but more conservative traders may want to up their stop toward $11.40 or just exit completely right here. If we do get stopped out keep RSH on your watch list as another bounce from $10.00 could be a new bullish entry point. RSH has already hit our first target. Our second target is $13.75.
Total System Services - TSS - close: 14.11 change: +0.11 stop: 13.49
The consolidation in TSS is coiling tighter and tighter. An upside breakout looks imminent. We're suggesting a trigger to buy the stock at $14.40. More conservative traders may want to use a trigger above $14.50 instead.
We're listing two targets. Our first target is $15.95. Our second target is $17.45.
Applied Materials - AMAT - close: 9.69 change: -0.14 stop: 10.26 *new*
AMAT continues to march lower with an orderly trend of lower highs and lower lows. The stock lost 1.4% on Friday and the MACD indicator on its daily chart has produced a new sell signal. We are adjusting the stop loss to $10.26.
We have two targets. Our first target is $9.05. Our second target is $8.25.
Walt Disney Co. - DIS - close: 22.18 change: +0.19 stop: 23.05
Shares of DIS are still trying to bounce but they're not getting very far. We don't see any changes from our previous comments. This is still an opportunity to open bearish positions on DIS. Technical indicators have turned bearish and DISH has broken its bullish trend of higher lows.
We have two targets. Our first target is $20.10. Our secondary target is $19.05.
DreamWorks Animation - DWA - close: 23.61 change: +0.46 stop: 24.35
Hmmm... DWA showed some relative strength on Friday. I wouldn't worry about it until shares traded above the $23.75-23.85 zone. That's when I would turn defensive and consider lowering my stop. Right now we're leaving the stop at $24.35. Look for a failed rally near $23.80 as a new entry point for bearish positions. We have two targets. Our first target is $21.00. Our second target is $19.25.
Shaw Group Inc. - SGR - close: 18.93 change: -0.47 stop: 17.95
We are suggesting an early exit on SGR. The company is a leader in the construction business and could benefit from Obama's infrastructure plan but short-term the stock's momentum is fading too fast. We are cutting our losses now. The $18.00 level still looks like short-term support so more aggressive traders may want to let it ride. We will be watching this stock for another entry point.