Cooper Industries - CBE - close: 69.25 chg: +0.03 stop: 67.49
Currently all the indicators and price action is suggesting that CBE is going to continue the current pull back. We are still looking for a dip toward the $68 level, which should be support. We would not suggest new bullish positions until we see signs of a bounce.
Picked on February 03 at $ 70.01
RD Donnelley - RHD - close: 59.85 change: -0.32 stop: 57.95
Shares of RHD broke down under the $60.00 level today but traders stepped in this afternoon to buy the dip as RHD neared support at the bottom of its rising channel. The late afternoon rally is a positive sign but we would wait for confirmation (probably a move over $60.50-61.00) before considering new bullish positions.
Picked on February 03 at $ 60.76
Nike Inc - NKE - close: 85.29 chg: +0.08 stop: 87.01
The fundamental crowd will be interested to hear that Warren Buffett's Berkshire Hathaway has lowered its stake in NKE from six million to 2.5 million shares. The news hit the wires Tuesday afternoon.
Picked on February 08 at $ 84.55