BULLISH Play Updates

CVR Energy - CVI - close: 8.54 change: +0.02 stop: 7.50

CVI is still holding up but shares remain under technical resistance at the 200-dma. I think odds are growing that CVI could dip back toward $8.00 before continuing much higher. More conservative traders may want to up their stop loss closer to $8.00. Our target long-term target is $12.50. CVI has to push past resistance at the 200-dma (near $8.74) and the $10.00 level first.

Entry on   January 19 at $ 8.20 
Change since picked:     + 0.34 
Earnings Date          03/10/10 (confirmed)         
Average Daily Volume:       411 thousand     
Listed on   January 17, 2009    


Hologic Inc. - HOLX - close: 15.83 change: +0.04 stop: 14.95

Gains in HOLX were very mild today but that might be due to the fact shares didn't see much of a sell-off. There is no change to my weekend comments. The stock should have some support near $15.50 (near its 100-dma) and the $15.00 level. I'm inching up our stop loss to $14.95. More conservative traders may want to use a higher stop loss. I am not suggesting new positions at this time. Our first target to take profits is at $16.45. Our second target is $17.25.

Entry on   January 13 at $15.15   (small positions)
Change since picked:     + 0.68   			  
Earnings Date          02/01/10 (unconfirmed)      
Average Daily Volume:       2.7 million      
Listed on   January 04, 2009    


North American Palladium - PAL - close: 4.13 change: +0.04 stop: 3.85

PAL is bouncing between its moving averages. On Friday it bounced from its 21-dma. Today the rally reversed at the 10-dma. Overall the lack of any real rebound on Monday is worrisome. More conservative traders may want to exit early and cut your losses now. I'm not suggesting new positions at this time. Consider keeping your position size small to limit your risk. Our first target is $7.00.

Entry on   January 19 at $4.50 
Change since picked:    - 0.37   			
Earnings Date         02/22/10 (unconfirmed)   
Average Daily Volume:      1.4 million 
Listed on   January 17, 2009    


BEARISH Play Updates

Atlas Air Worldwide - AAWW - close: 36.91 change: -0.15 stop: 40.05

Shares of AAWW gapped open higher at $37.66, which changes our entry point. The bounce quickly failed and AAWW closed with a 0.4% loss. That's not a good sign when the rest of the market is trying to bounce. I would still open new positions now. Our first target is $32.60. We might consider a second target near $30. My time frame is two or three weeks.

Entry on   January 23 at $37.66 /gap open entry
Change since picked:     - 0.75   			
Earnings Date          02/24/10 (unconfirmed)    
Average Daily Volume:       291 thousand
Listed on   January 23, 2009    


Best Buy - BBY - close: 37.53 change: +0.38 stop: 40.26

BBY saw an oversold bounce but it stalled under the $38.00 level. There is no change from my prior comments. Our target to exit is $35.25.

Entry on   January 12 at $38.95 (small positions)
Change since picked:     - 1.42   			
Earnings Date          03/25/10 (unconfirmed)    
Average Daily Volume:       8.0 million      
Listed on   January 02, 2009    


Companhia Brasileira de Distribuicao - CBD - cls: 71.32 chg: +0.82 stop: 74.05

CBD also gapped open higher this morning. Shares didn't make it very far with the bounce running out of steam around $71.50. The plan here is to wait for a breakdown under support near $70.00 although if we get the chance a failed rally in the $74-75 zone would be a better entry point. Overall there is no change from my weekend comments here:

I am labeling this a very aggressive trade. I could not find any good figures on CBD's outstanding shares or float. There could be huge short interest in this stock. We want to use very small positions. I'm suggesting a trigger at $69.40 to open bearish positions. The stock can be volatile so we have a wide stop at $74.05. Our first target is $61.00. Our second target is $56.00. Time frame is several weeks.

Entry on   January xx at $xx.xx <-- TRIGGER @ 69.40
Change since picked:     + 0.00  (very small positions)
Earnings Date          03/03/10 (unconfirmed)    
Average Daily Volume:       261 thousand
Listed on   January 23, 2009    


Oshkosh Corp. - OSK - close: 35.53 change: +0.72 stop: 37.51

OSK provided a decent oversold bounce with a 2% gain. Readers may want to wait for shares to trade near short-term resistance at its 10-dma (near $37.00) or wait for a new low (under $34.50) before initiating positions. Our first target is $30.25. Our time frame is only a few days. OSK reports earnings on Jan. 28th and we do not want to hold over the announcement.

Entry on   January 22 at $35.25
Change since picked:     + 0.28   			
Earnings Date          01/28/10 (confirmed)    
Average Daily Volume:       977 thousand
Listed on   January 20, 2009    


Children's Place - PLCE - close: 32.42 change: +0.01 stop: 35.05

Almost no bounce in shares of PLCE is not a good sign for the bulls. There is no change from my weekend comments. I'm suggesting bearish positions now with a stop at $35.05. Our target is $28.05. My time frame is about three weeks.

Entry on   January 23 at $32.41 
Change since picked:     + 0.01   			
Earnings Date          03/18/10 (unconfirmed)    
Average Daily Volume:       598 thousand
Listed on   January 23, 2009    


CLOSED BULLISH PLAYS

ParkerVision Inc. - PRKR - close: 1.76 change: -0.09 stop: 1.79

PRKR was hit with another round of profit taking. Shares closed with a 4.8% loss and hit our stop loss at $1.79 on the way down. Readers may want to keep PRKR on their watch list for a breakout past the $2.10 level as a new entry point.

chart:

Entry on   January 19 at $ 2.01 (small positions)
Change since picked:     - 0.22 <-- stopped @ 1.79 (-10.9%)
Earnings Date          03/15/10 (unconfirmed)    
Average Daily Volume:       183 thousand
Listed on   January 19, 2009