BULLISH Play Updates

Bank of Hawaii - BOH - close: 47.63 change: -0.19 stop: 45.40

After a three-day bounce shares of BOH are seeing a little profit taking. Shares gave up 0.39%. Look for broken resistance near $46.00 to offer new support. Our first target is $49.85. Our second target is $53.50.

Entry on  November 18 at $46.20 
Change since picked:     + 1.43   			
Earnings Date          01/25/10 (unconfirmed)    
Average Daily Volume:       424 thousand
Listed on  November 17, 2009    


Broadcom - BRCM - close: 31.54 change: -0.46 stop: 28.75

It was a disappointing session for BRCM. The SOX semiconductor index edged to new highs but BRCM gave up 1.4% instead. Cautious traders might want to raise their stops closer to $30.00. Our first BRCM target is $34.75. Our second target is $37.00. Our time frame is several weeks.

Entry on  December 07 at $31.25
Change since picked:     + 0.29   			
Earnings Date          01/28/10 (unconfirmed)    
Average Daily Volume:       7.4 million 
Listed on  December 05, 2009    


CSX Corp. - CSX - close: 49.95 change: +0.47 stop: 47.40

CSX continues to rally and is now testing resistance near $50.00. I am suggesting a trigger to buy CSX at $50.30. If triggered our first target is $54.90. We will plan to exit ahead of the mid January earnings report.

Entry on  December xx at $xx.xx <-- TRIGGER @ 50.30
Change since picked:     + 0.00   			
Earnings Date          01/19/10 (unconfirmed)    
Average Daily Volume:       3.0 million 
Listed on  December 22, 2009    


Disney - DIS - close: 32.43 change: +0.12 stop: 29.99

DIS bounced from the $32.00 level this morning and is now testing short-term resistance at $32.50. The stock looks poised to breakout higher again. Our target is a little optimistic at $34.75 but we will plan to exit ahead of the February earnings report. FYI: The Point & Figure chart currently points to a $45 target.

Entry on  December 12 at $31.70 
Change since picked:     + 0.73   			
Earnings Date          02/09/10 (unconfirmed)    
Average Daily Volume:      11.0 million 
Listed on  December 12, 2009    


EMCOR Group - EME - close: 27.41 change: +0.08 stop: 24.99

Traders bought the dip near $27.00 this morning and EME bounced to another new high. I would still consider new positions now but if you're patient we might get a better entry point on a dip near $26.00. The Point & Figure chart is bullish with a $42 target. I'm listing our first target at $29.85. Our time frame is several weeks.

Entry on  December 21 at $27.18 
Change since picked:     + 0.23   			
Earnings Date          02/25/10 (unconfirmed)    
Average Daily Volume:       514 thousand
Listed on  December 21, 2009    


Home Depot - HD - close: 29.00 change: -0.29 stop: 27.40

I was surprised to see the weakness in HD. The stock under performed the broader indices, under performed the retailers, and under performed the homebuilders. Overall the trend is still up. Our first target is $30.60. Our second target is $32.45. We'll plan to exit ahead of the February earnings report. FYI: The P&F chart is very bullish with a $44 target.

Entry on  December 14 at $28.82 *gap higher entry  
Change since picked:     + 0.18   			
Earnings Date          02/23/10 (unconfirmed)    
Average Daily Volume:      15.7 million 
Listed on  December 12, 2009    


HMS Holdings - HMSY - close: 49.23 change: +0.56 stop: 44.90

HMSY is almost there. The intraday high was $49.52. Our target to exit is $49.75.

Entry on  December 05 at $45.72 
Change since picked:     + 3.51   			
Earnings Date          02/18/10 (unconfirmed)    
Average Daily Volume:       192 thousand
Listed on  December 05, 2009    


Johnson & Johnson - JNJ - close: 64.57 change: +0.04 stop: 59.90

JNJ just refuses to move. The stock's consolidation is narrowing. I would expect a break one way or the other pretty soon (probably next week).

I've been expecting a dip back toward $62.00. More conservative traders may want to adjust their stop loss higher. I'm not suggesting new positions at this time. Our target first target is $67.50.

Entry on  November 23 at $63.05
Change since picked:     + 1.52   			
Earnings Date          01/26/10 (unconfirmed)    
Average Daily Volume:      12.6 million 
Listed on  November 21, 2009    


Kansas City Southern - KSU - close: 34.13 chg: +0.95 stop: 29.95 *new*

KSU is just on fire right now. Shares have rallied four days in a row following its intraday rebound from $30.50. The intraday high today was $34.31. I am raising our stop loss to $29.95. Our first target is $34.90. I would sell the majority of our positions at $34.90 and only keep a very small position (if any) open for our second target. Our second target is $37.50. We'll plan to exit ahead of the late January earnings report.

Entry on  December 14 at $30.90 
Change since picked:     + 3.23   			
Earnings Date          01/28/10 (unconfirmed)    
Average Daily Volume:       677 thousand
Listed on  December 14, 2009    


Potlatch Corp. - PCH - close: 31.94 change: +0.39 stop: 29.49

PCH is still creeping higher and broke above its 10-dma this afternoon. I am not suggesting new positions at this time. Our first target to take profits is at $33.60. Our second target is $35.75. FYI: The Point & Figure chart is bullish with a $56 target.

Entry on  November 16 at $30.30
Change since picked:     + 1.64   			
Earnings Date          02/11/10 (unconfirmed)    
Average Daily Volume:       503 thousand
Listed on  November 11, 2009    


Renolds American - RAI - close: 53.32 change: -0.11 stop: 50.90

It was another forgettable session for RAI with the stock trading sideways in a narrow range. I'm not suggesting new bullish positions. Our target to exit is $54.90.

Entry on  November 14 at $50.32 
Change since picked:     + 3.00   			
Earnings Date          02/11/10 (unconfirmed)    
Average Daily Volume:       1.6 million 
Listed on  November 14, 2009    


Starbucks Corp. - SBUX - close: 23.74 change: +0.02 stop: 21.75

Traders bought the dip in SBUX this morning but couldn't push it to new highs. Our target to exit is $24.90.

Entry on  December 10 at $22.25
Change since picked:     + 1.49   			
Earnings Date          01/28/10 (unconfirmed)    
Average Daily Volume:      10.9 million 
Listed on  November 30, 2009    


Seagate Technology - STX - close: 17.95 change: +0.12 stop: 15.99

STX spiked to $18.00 this morning but that was the extent of the excitement. Shares hovered around $18.00 the rest of the day in a very narrow range. I'm suggesting we keep our initial position small. Our target is $19.75 as the $20.00 level will probably act as round-number, psychological resistance. We will plan to exit ahead of the mid January earnings report.

Entry on  December 19 at $17.83 /gap open higher
Change since picked:     + 0.12  			
Earnings Date          01/19/10 (unconfirmed)    
Average Daily Volume:       8.2 million 
Listed on  December 19, 2009    


Texas Instruments - TXN - close: 25.32 change: -0.32 stop: 24.85

I am seeing some bearish technical indicators in TXN. If we don't see some strength tomorrow we'll drop it from the play list. Our first target is $29.75.

Entry on  December 02 at $26.15
Change since picked:     - 0.83   			
Earnings Date          01/26/10 (unconfirmed)    
Average Daily Volume:      12.6 million 
Listed on  December 01, 2009    


United Parcel Service - UPS - close: 58.00 change: -0.58 stop: 56.95

Sadly UPS is unable to breakout from its trading range. I am suggesting traders wait for a move over $60.00 before initiating new positions. Our target is $64.50.

Entry on  December 14 at $58.99 
Change since picked:     - 0.99   			
Earnings Date          02/02/10 (unconfirmed)    
Average Daily Volume:       4.2 million 
Listed on  December 14, 2009    


Warner Chilcott - WCRX - close: 28.22 change: +0.14 stop: 25.45

WCRX hit a new intraday high this morning at $28.35. I am not suggesting new positions at this time. Our first target has been hit at $27.40. Our second target is $29.45.

Entry on  December 01 at $24.77 gap open entry point (small positions)
Change since picked:     + 3.45   	
                         /1st target hit @ 27.40 (+10.6%)
Earnings Date          02/25/10 (unconfirmed)    
Average Daily Volume:       1.8 million 
Listed on  November 28, 2009    


Williams Sonoma Inc. - WSM - close: 22.09 change: -0.32 stop: 20.95

There is no change from my prior comments. WSM failed to breakout over resistance at $22.50 today. I'm suggesting a trigger to buy WSM at $22.60. If triggered our first target is $24.90. Our time frame is several weeks.

Entry on  December xx at $xx.xx <-- TRIGGER @ 22.60
Change since picked:     + 0.00   			
Earnings Date          03/24/10 (unconfirmed)    
Average Daily Volume:       2.2 million 
Listed on  December 21, 2009    


Wright Express Corp. - WXS - close: 32.28 change: +0.45 stop: 29.99

Traders are buying the dip in WXS and today's move looks like another entry point to open bullish positions. However, shares are still trading under the $32.50 level and readers may be better off to wait for the stock to break this level! Our target is $35.90. Our time frame is several weeks probably the first of February. FYI: The Point & Figure chart is bullish with a $41 target.

Entry on  December 21 at $32.30
Change since picked:     - 0.02   			
Earnings Date          02/10/10 (unconfirmed)    
Average Daily Volume:       209 thousand
Listed on  December 19, 2009    


Wyndham Worldwide - WYN - close: 20.96 change: -0.02 stop: 18.88

It was another quiet day for WYN with shares drifting sideways in a narrow range. I am not suggesting new bullish positions. Our first target has already been hit at $21.00. We're currently aiming for $22.40. 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:     + 2.08
                          /1st target hit @ 21.00 (+11.2%)
Earnings Date          02/11/10 (unconfirmed)    
Average Daily Volume:       3.5 million 
Listed on  November 10, 2009    


BEARISH Play Updates

Activision-Blizzard - ATVI - close: 11.36 change: +0.49 stop: 11.45

It looks like we're about to get stopped out of ATVI. After showing relative weakness the last couple of days the stock soared 4.5% and broke out higher from its recent trading range. There was no news to explain the sudden rally but most of the video game makers were up strong. The move was probably exacerbated by the low holiday volume. If there is any follow through tomorrow we'll be stopped out at $11.45.

Our first target is $10.05. Our second target is $9.25. Our time frame is several weeks. FYI: The Point & Figure chart is currently forecasting a $7.50 target.

Entry on  December 04 at $11.15
Change since picked:     + 0.21   			
Earnings Date          02/04/10 (unconfirmed)    
Average Daily Volume:        20 million 
Listed on  November 28, 2009    


Wells Fargo - WFC - close: 26.85 change: -0.31 stop: 27.55

The oversold bounce in WFC seems to be fading. Shares under performed the market with a 1.1% decline on Wednesday.

I am not suggesting new bearish positions at this time. We knew this was going to be an aggressive, higher-risk trade so the plan was to use smaller positions. Our first bearish target for WFC is $23.10. Our second and final target is $21.00.

Entry on  December 10 at $25.75 (small positions)
Change since picked:     + 1.10   			
Earnings Date          01/27/10 (unconfirmed)    
Average Daily Volume:        37 million 
Listed on  December 08, 2009    


CLOSED BULLISH PLAYS

Cal-Maine Foods Inc. - CALM - close: 31.17 change: +1.70 stop: 27.49

Target achieved. I couldn't find any news to explain the big rally in CALM but I'm not complaining. Shares soared 5.7% on Wednesday to hit new five-month highs. The intraday high was $31.27. Our target to exit was $30.95.

chart:

Entry on  December 09 at $28.66 -small positions-
Change since picked:     + 2.51 <-- target hit @ 30.95 (+8.7%)
Earnings Date          12/28/09 (unconfirmed)    
Average Daily Volume:       125 thousand
Listed on  December 09, 2009