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Call Updates

AmerisourceBergen - ABC - close: 67.18 change: +1.61 stop: 63.85

Our bullish play in ABC is off to a strong start. Shares added another 2.4 percent on Tuesday, which confirms Monday's bounce from support near the $64.00 level. We're also encouraged to see that ABC has now cleared the mid-May highs. Our short-term target is the $69.50-70.00 range but more patient traders might consider aiming higher in the $72.50 region. 

Picked on June 13 at $ 65.57
Change since picked: + 1.61
Earnings Date 07/21/05 (unconfirmed)
Average Daily Volume = 1.3 million 


Amer. Intl Group - AIG - close: 55.57 chg: +0.07 stop: 53.95 

We're not seeing much action in AIG lately. The stock only added 7 cents after an analyst reiterated their "out perform" rating on the stock today. We haven't given up yet. The recent consolidation has AIG coiling for what looks like a breakout over the $56 level. We are adjusting our target to the $58.75-59.50 range to account for potential technical resistance at AIG's descending, simple 100-dma. 

Picked on May 26 at $ 55.05
Change since picked: + 0.52
Earnings Date 02/09/05 (confirmed)
Average Daily Volume = 15.5 million 


Caterpillar - CAT - close: 98.57 chg: +0.99 stop: 92.49 

No change here. CAT continues to show strength and is very close to our target in the $99.25-100.00 range. We are preparing to exit and suggest readers do the same. We strongly suggest that more conservative players exit now to avoid any surprises should the DJIA suddenly reverse course under resistance at the 10,600 level. 

Picked on May 18 at $ 92.35
Change since picked: + 6.22
Earnings Date 04/20/05 (confirmed)
Average Daily Volume = 2.8 million 


Chubb Corp - CB - close: 84.55 change: +0.18 stop: 82.49

CB bounced where we expected it to keeping the stock inline with its supporting trendline of higher lows. No change to our strategy. Our target remains the $89.50-90.00 range. Readers can buy the bounce today or wait for a move over $85.00 again (or even wait for a new high over $86.00). 

Picked on June 10 at $ 85.05 
Change since picked: - 0.50
Earnings Date 07/25/05 (unconfirmed)
Average Daily Volume = 1.2 million 


Rockwell Collins - COL - close: 47.90 chg: -0.35 stop: 44.95

So far so good. We remain on the sidelines but COL is drifting lower in an orderly manner. We're suggesting that readers consider bullish positions on a dip toward the simple 100-dma. We are going to adjust the entry range to $46.75-to-46.00. 

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 


Eagle Materials - EXP - close: 92.69 chg: +1.74 stop: 86.95

Tuesday turned in another strong session for EXP with the stock up 1.9 percent to $92.69 - a new all-time high. Readers looking for a new entry point can hope for a pull back into the $90-91 region but we're not expecting one. Our target is the $97-99 range.

Picked on June 09 at $ 90.45
Change since picked: + 2.24
Earnings Date 08/03/05 (unconfirmed)
Average Daily Volume = 134 thousand 


Netease.com - NTES - close: 56.00 chg: -1.29 stop: 53.95

NTES is pulling back and readers can use a bounce from the $55.00 level as a new bullish entry point. More conservative traders may want to wait for a new relative high over the $58.00 level. 

Picked on June 13 at $ 57.29
Change since picked: - 1.29
Earnings Date 07/26/05 (unconfirmed)
Average Daily Volume = 752 thousand 


Occidental Petrol. - OXY - close: 76.73 chg: +0.91 stop: 71.95

OXY has broken through minor resistance at the $76.00 level and closed at a new all-time high today. This looks like another bullish entry point. Our target is the $79.75-80.50 range. 

Picked on June 09 at $ 75.51
Change since picked: + 1.22
Earnings Date 07/26/05 (unconfirmed)
Average Daily Volume = 2.7 million 


Teekay Shipping - TK - close: 43.90 chg: -0.20 stop: 42.45

No change from our previous update. We continue to wait for TK to breakout over resistance at the $45.00 level and its 100-dma. Our trigger to go long is at $45.05. 

Picked on June xx at $ xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 07/20/05 (unconfirmed)
Average Daily Volume = 681 thousand 


Total S.A. - TOT - close: 115.31 chg: +0.39 stop: 110.95

No change from our previous update. Our target is the $119.50-120.00 range. 

Picked on June 09 at $114.00
Change since picked: + 1.41
Earnings Date 08/04/05 (unconfirmed)
Average Daily Volume = 857 thousand 


United Technologies - UTX - cls: 52.94 chg: +0.22 stop: 102.45

Today's bounce helps confirm yesterday's rebound from the $52.00 level. The short-term momentum oscillators are looking healthier.

Picked on May 23 at $ 53.12
Change since picked: - 0.18
Earnings Date 04/20/05 (confirmed)
Average Daily Volume = 2.0 million 


Wellpoint Inc - WLP - close: 69.78 chg: +1.28 stop: 64.90

Banc of America raised its price target on WLP from $70 to $80 today and the positive press helped push WLP's stock price up 1.8 percent to a new high. Our target is the $74.00-75.00 range. 

Picked on June 05 at $ 68.40
Change since picked: + 1.38
Earnings Date 07/27/05 (unconfirmed)
Average Daily Volume = 3.5 million 

Put Updates

ITT Industries - ITT - close: 94.50 chg: -0.32 stop: 96.01

The good news here with ITT is that the stock failed to participate in today's minor market rally and continues to consolidate under resistance at the $96.00 level. We would look for a drop under $93.65 or $93.50 as a new bearish entry point. 

Picked on June 08 at $ 93.85
Change since picked: + 0.65
Earnings Date 07/22/05 (unconfirmed)
Average Daily Volume = 581 thousand 


MedcoHealth Sol. - MHS - close: 51.16 change: +0.81 stop: 52.21

No change from our previous weekend update. We continue to suggest caution and wait for MHS to trade under $49.50 before considering bearish positions. In the news the company did put our a press release stating that that State of S. Carolina plans to award a three-year contract to MHS with the option for two one-year extensions. 

Picked on June 01 at $ 49.90
Change since picked: + 1.26
Earnings Date 07/26/05 (unconfirmed)
Average Daily Volume = 2.0 million 

Dropped Calls


Dropped Puts

Whole Foods - WFMI - close: 118.62 chg: +4.32 stop: 118.51 

We have been stopped out. WFMI out performed the market today with a big surge higher filling its gap down from Friday and pushing back above minor resistance at its 10 and 21-dma's. We are not entirely sure what the catalyst was for today's rally. It's possible that market reaction to the PPI news today could have sparked a small short squeeze. We are closing the play at $118.51. 

Picked on June 08 at $117.40
Change since picked: + 1.22
Earnings Date 08/03/05 (unconfirmed)
Average Daily Volume = 859 thousand 

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