Option Investor
Play Updates

In Play Updates and Reviews

HAVING TROUBLE PRINTING?
Printer friendly version

Call Updates

Amerada Hess - AHC - close: 93.13 chg: +1.33 stop: 89.95*new*

The Energy Dept. reported a surprising decline in oil inventory numbers this morning and this sent crude oil prices spiking higher adding more than 2.3 percent to more than $50 a barrel. As is usually the case the API inventory numbers showed a discrepancy with the Energy Dept's report but the market ignored the API figures. Oil stocks out performed the market today with oil service-related issues leading the way. Shares of AHC added 1.44 percent and its MACD indicator produced a new buy signal. We are suggesting that traders prepare to exit as AHC is nearing our target in the $93.50-94.00 range, which is near technical resistance at the top of its descending channel. We're also going to raise our stop loss to $89.95.

Picked on May 17 at $ 89.41
Change since picked: + 3.72
Earnings Date 07/27/05 (unconfirmed)
Average Daily Volume = 1.6 million 

---

Amer. Intl Group - AIG - close: 54.08 chg: +0.28 stop: 52.49

NY Attorney General Spitzer's office released news about its complaint against AIG but this was digested as old news. The report did not impact shares of AIG and we suspect that the worse is behind it for the stock price. Today's small gain actually put AIG above its simple 50-dma. We are still waiting for the stock to breakout over the $55 level and hit our entry point at $55.05.

Picked on May xx at $ xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 02/09/05 (confirmed)
Average Daily Volume = 15.5 million 

---

Caterpillar - CAT - close: 92.47 chg: -1.36 stop: 89.00

No surprises here. We've been warning readers that we expect CAT to dip with the market and shares pulled back toward support at the $92.00 level today. We'd like to see the $92 level hold but in reality we're expecting CAT to dip closer toward the $90 level. 

Picked on May 18 at $ 92.35
Change since picked: + 0.12
Earnings Date 04/20/05 (confirmed)
Average Daily Volume = 2.8 million 

---

Career Education - CECO - close: 34.39 chg: -0.60 stop: 32.45

As expected we're seeing CECO dip with the market. We're expecting a pull back toward the $33 level or at least its 50-dma near $33.35. Wait for the pull back before considering new bullish positions. 

Picked on May 23 at $ 35.24
Change since picked: - 0.85
Earnings Date 05/02/05 (confirmed)
Average Daily Volume = 2.5 million 

---

Rockwell Collins - COL - close: 48.74 chg: -0.36 stop: 44.95

No change from our previous update on 05/24/05. We're looking for a pull back toward the simple 100-dma in the $46.25-45.50 range as our entry point.

Picked on May xx at $ xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 04/27/05 (confirmed)
Average Daily Volume = 800 thousand 

---

Federated Dept Stores - FD - cls: 67.33 chg: -1.69 stop: 64.45 

As we suggested earlier shares of FD are pulling back with the market and its first stop was minor support near the 10-dma. The question now is will the 10-dma hold or will FD pull back further toward the $66.00 or even the $65.00 level, which should act as stronger support.

Picked on May 17 at $ 66.60
Change since picked: + 0.73
Earnings Date 05/11/05 (confirmed)
Average Daily Volume = 2.9 million 

---

Reynolds American - RAI - cls: 81.92 chg: -0.77 stop: 77.95

No surprises here either. We've been expecting RAI to pull back. We're watching for a dip into the $80-81 range. Wait for a bounce before considering new positions. 

Picked on May 16 at $ 81.31
Change since picked: + 0.61
Earnings Date 04/27/05 (confirmed)
Average Daily Volume = 866 thousand 

---

United Technologies - UTX - cls: 106.83 chg: -0.17 stop: 102.45

We're encouraged to see the $106 level holding as support but if the Dow keeps drifting lower we'd watch for a dip toward the $105 level. 

Picked on May 23 at $106.25
Change since picked: + 0.58
Earnings Date 04/20/05 (confirmed)
Average Daily Volume = 2.0 million 

Put Updates

Precision Castparts - PCP - cls: 76.30 chg: +0.46 stop: 75.05

No change from our previous update. We are still waiting for PCP to breakdown under support and hit our entry point at $71.95. However, if the stock keeps climbing and breaks out above its three-month trend of lower highs we might consider switching directions.

Picked on May xx at $ xx.xx <-- see TRIGGER
Change since picked: - 0.00
Earnings Date 05/03/05 (confirmed)
Average Daily Volume = 492 thousand 

---

United Thera. - UTHR - close: 51.63 chg: -1.75 stop: 56.05

UTHR lost another 3.2 percent on even stronger volume than yesterday's decline. This produces a nice confirmation of the new sell signal although we do see that some traders bought the dip at the $50.00 mark suspect that level would act as round-number support. We would not be surprised to see an oversold bounce back toward the $53 region and traders can actively watch for the bounce to fail and use it as a new bearish entry point. Our target is the $48.25-47.50 level. 

Picked on May 24 at $ 53.38
Change since picked: - 1.75
Earnings Date 05/03/05 (confirmed)
Average Daily Volume = 452 thousand 

Dropped Calls

None

Dropped Puts

None

Play Update Archives