Cooper Industries - CBE - close: 69.33 chg: -1.56 stop: 67.49
Shares of CBE hit some profit taking on Wednesday, as the major averages turned lower. The drop under the $70 level is discouraging but readers can watch for a bounce from support at the $68.00 level.
Picked on February 03 at $ 70.01
CIBC started coverage on GS with an "out perform" and this probably helped propel shares of GS to an intraday high of $113.35. Unfortunately, the weakness in the major averages pulled GS right back down to give up all its early morning gains. We would expect some follow through on today's failed rally. A dip back to $110 or the 10-dma could be ahead of us.
Picked on January 30 at $106.12
Apollo Group - APOL - close: 76.44 chg: -2.32 stop: 80.11
Good news for the bears. APOL has broken down through the bottom of its one-week trading range following yesterday's failed rally at the $80 level. This looks like a new bearish entry point although APOL has yet to break its simple 100-dma.
Picked on January 23 at $ 77.61