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Call Updates

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
Change since picked: + 4.52
Earnings Date 01/26/05 (confirmed)
Average Daily Volume = 1.2 million

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
Change since picked: + 4.10
Earnings Date 12/16/04 (confirmed)
Average Daily Volume = 238 thousand

Put Update

None today.

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