Amerada Hess - AHC - close: 91.17 change: +1.30 stop: 84.99 *new*
Integrated oil player AHC continues to push higher. The stock added another 1.44 percent to breakout and close over round-number, psychological resistance at the $90.00 level. The stock also closed near its high for the day, which is bullish especially considering the market weakness on Thursday. Our target is the $94.00 level and readers can prepare to exit. Actually short-term traders may want to consider exiting now considering AHC's rise. We are raising our stop loss to $84.99.
Picked on January 31 at $ 86.65
Texas Industries - TXI - close: 64.28 change: +0.11 stop: 59.95
Once again TXI is testing resistance at the $64.50-65.00 range. When we first initiated this play our short-term target was the same range. TXI hit this old target again today. Short-term traders may want to strongly consider exiting for a profit here. While we expect a bullish breakout over $65.00 it could take another couple of weeks to occur. Our current target is the $69-70 range.
Picked on January 09 at $ 60.18