Traders were taking profits heading toward the weekend. We're updating two of our stop losses.


BULLISH Play Updates

Best Buy Inc. - BBY - close: 42.95 change: +0.47 stop: 39.85

Positive broker comments helped BBY out perform with a 1.1% gain and a rise toward recent resistance near $43.00. I remain bullish but if the S&P 500 rolls over it's going to cause trouble for the bulls. Our first target is $46.00. Our second target is $49.80. Our time frame is several weeks.

Entry on  November 10 at $42.20
Change since picked:     + 0.75   			
Earnings Date          12/15/09 (unconfirmed)    
Average Daily Volume:       5.1 million 
Listed on  November 09, 2009    


Baker Hughes Inc. - BHI - close: 41.18 change: -1.03 stop: 40.49

A rise in the U.S. dollar sent crude oil lower and that weighed on the energy sector. BHI lost 2.4% and fell toward recent support at its exponential 200-dma. If the decline in oil continues odds are good that BHI will stop us out at $40.49 soon. Hopefully shares will bounce from support and I'd use it as a new entry point but consider scaling back your position size to 1/2 or 1/4 your normal trade. Our first target is $47.00. Our second target is $49.85.

Entry on  November 09 at $43.06 
Change since picked:     - 1.88   			
Earnings Date          01/28/10 (unconfirmed)    
Average Daily Volume:       5.6 million 
Listed on  November 09, 2009    


Bank of Hawaii - BOH - close: 45.21 change: -0.89 stop: 43.90

Ouch! After yesterday's bullish breakout over resistance at $46.00 shares of BOH were slammed back down on Thursday. More conservative traders might want to consider upping their stops toward $44.50. Today's low was $44.80. I'm not suggesting new positions at this time.

Our first target to take profits is at $49.85. FYI: The Point & Figure chart is bullish with a $59 target.

Entry on  November 18 at $46.20 
Change since picked:     - 0.99   			
Earnings Date          01/25/10 (unconfirmed)    
Average Daily Volume:       424 thousand
Listed on  November 17, 2009    


ENERSYS - ENS - close: 23.23 change: -1.01 stop: 22.40

It was an ugly day for ENS. Shares reversed back under key support/resistance near $24.00. The stock lost 4.1% and dipped to $22.96 intraday. I'm not suggesting new positions with ENS under $24.00.

Our first target is $27.00. Our second target is $29.75. Our time frame is several weeks.

Entry on  November 16 at $24.20
Change since picked:     - 0.97   			
Earnings Date          02/10/10 (unconfirmed)    
Average Daily Volume:       530 thousand
Listed on  November 14, 2009    


Halliburton - HAL - close: 30.44 change: -1.25 stop: 29.80

The weakness in crude oil and the energy sector pushed HAL to a 3.9% decline. We're still on the sidelines waiting for a breakout over resistance at $32.00. I'm suggesting a trigger to buy HAL at $32.20. If triggered our first target is $34.90.

Entry on  November xx at $xx.xx <-- TRIGGER @ 32.20
Change since picked:     + 0.00   			
Earnings Date          01/26/10 (unconfirmed)    
Average Daily Volume:      15.7 million 
Listed on  November 17, 2009    


PACCAR Inc. - PCAR - close: 38.87 change: -0.59 stop: 38.25

There is no change from my prior comments on PCAR. The plan is to buy PCAR on a breakout over resistance. The October high was $40.26. I'm suggesting a trigger to buy PCAR at $40.35. If triggered our first target is $44.75. FYI: The Point & Figure chart is bullish with a $48.00 target.

Entry on  November xx at $xx.xx <-- TRIGGER @ 40.35
Change since picked:     + 0.00   			
Earnings Date          01/28/10 (unconfirmed)    
Average Daily Volume:       3.3 million 
Listed on  November 16, 2009    


Potlatch Corp. - PCH - close: 28.91 change: -0.66 stop: 27.95

PCH gave up 2.2% but shares are nearing what should be decent support around the $28.50 level. That's where PCH will find a small cloud of moving averages all converging together. While I would consider buying a bounce from the $28.50 level the better bet is to probably wait for a new close over $30.00.

Our first target to take profits is at $33.60. We will cautiously set a secondary target at $35.75. FYI: The Point & Figure chart is bullish with a $56 target.

Entry on  November 16 at $30.30
Change since picked:     - 1.39   			
Earnings Date          02/11/10 (unconfirmed)    
Average Daily Volume:       503 thousand
Listed on  November 11, 2009    


Southern Copper Corp. - PCU - close: 34.96 change: -0.32 stop: 33.40 *new*

Mining stocks were some of the worst performers today due to weakness in the metals. We can blame a rise in the U.S. dollar for the commodity weakness. Fortunately PCU managed to bounce back from its intraday lows near $34.00. Yesterday's session still looks like a bearish reversal pattern. I'm not suggesting new bullish positions at this time. More conservative traders may want to exit early now. I'm upping our stop loss to $33.40.

Our target is $39.50. Our plan called for small positions (25% to 50% your normal size).

Entry on  November 04 at $33.80
Change since picked:     + 1.48   			
Earnings Date          10/22/09 (confirmed)    
Average Daily Volume:       3.5 million 
Listed on  November 03, 2009    


Polaris Industries - PII - close: 44.32 change: -1.03 stop: 42.75 *new*

PII gave up 2.2% but it should be nearing technical support at its rising 50-dma (around $43.30). I'm upping our stop loss to $42.75. If PII breaks down we want to get out. I'm not suggesting new positions at this time.

Our target to exit is $49.65. I consider this an aggressive play and suggest smaller position sizes.

Entry on  November 09 at $45.15
Change since picked:     - 0.83   			
Earnings Date          01/28/10 (unconfirmed)    
Average Daily Volume:       516 thousand
Listed on  November 07, 2009    


Renolds American - RAI - close: 50.80 change: -0.37 stop: 47.90

RAI is holding up reasonably well. The stock has been able to just drift sideways in a narrow range while the broader market corrects. I don't see any changes from my prior comments. I'd prefer to open new positions on a dip near $50.00, which should be new support. Our target is $54.50. Our time frame is several weeks!

Entry on  November 14 at $50.32 
Change since picked:     + 0.48   			
Earnings Date          02/11/10 (unconfirmed)    
Average Daily Volume:       1.6 million 
Listed on  November 14, 2009    


Symantec - SYMC - close: 17.87 change: -0.10 stop: 17.24

SYMC is still stuck under resistance at $18.00. I'm suggesting readers use a trigger to buy SYMC at $18.20. If triggered our first target to take profits is at $19.90. The $20.00 level will probably act as round-number resistance. Our second target, with a much longer time frame, is $21.75. Currently the Point & Figure chart is bullish with a $23 target.

Entry on  November xx at $xx.xx <-- TRIGGER @ 18.20
Change since picked:     + 0.00   			
Earnings Date          01/27/10 (unconfirmed)    
Average Daily Volume:      11.8 million 
Listed on  November 16, 2009    


Travelers Companies - TRV - close: 52.68 change: -0.47 stop: 49.75

The low today was $52.22. Our trigger to buy TRV is $52.15. If we get another pull back tomorrow we'll probably get triggered. More cautious traders may want to adjust their trigger closer to $50.00 instead of $52.00. I'm removing the alternative trigger at $53.85. If triggered our target is $57.40.

Entry on  November xx at $xx.xx <-- TRIGGER @ 52.15
Change since picked:     + 0.00   			
Earnings Date          01/27/10 (unconfirmed)    
Average Daily Volume:       5.3 million 
Listed on  November 07, 2009    


Wyndham Worldwide - WYN - close: 19.09 change: -0.47 stop: 16.90

We shouldn't be surprised to see a little profit taking in WYN. I've been suggesting readers look for a dip near $18.50 as a new entry point.

Our first target is $21.00. FYI: The point & figure chart is bullish with a $27 target. Our time frame is several weeks. The plan was to use small positions (1/2 a position).

Entry on  November 10 at $18.88 (1/2 position) /gap open higher
Change since picked:     + 0.21   			
Earnings Date          02/11/10 (unconfirmed)    
Average Daily Volume:       3.5 million 
Listed on  November 10, 2009    


BEARISH Play Updates

*We currently do not have any bearish play updates*


CLOSED BULLISH PLAYS

Dreamworks Animation - DWA - close: 32.94 change: -0.62 stop: 32.95

DWA continues to roll over. Shares lost 1.8% and hit our stop loss at $32.95 closing our play. The stock might have support near its 100-dma but I'd wait for a new close over $34.25 before considering new bullish positions.

chart:

Entry on  November 16 at $34.25
Change since picked:     - 1.30 <-- stopped out @ 32.95 (-3.7%)
Earnings Date          02/24/10 (unconfirmed)    
Average Daily Volume:       763 thousand
Listed on  November 14, 2009