Option Investor
Play Updates

In Play Updates and Reviews

HAVING TROUBLE PRINTING?
Printer friendly version

Call Updates

AmerisourceBergen - ABC - close: 68.62 change: +0.45 stop: 63.85

ABC continues to show lots of relative strength with another gain during Monday's session. More conservative players may want to think about taking some profits here. The stock is nearing our target in the $69.50-70.00 range. 

Picked on June 13 at $ 65.57
Change since picked: + 3.05
Earnings Date 07/21/05 (unconfirmed)
Average Daily Volume = 1.3 million 

---

Ashland Inc - ASH - close: 70.14 chg: +0.12 stop: 66.99

No change from our previous update. We would be long calls with ASH above the $70.00 level but keep in mind that the DJIA is short-term overbought and may continue to consolidate for the next couple of days.

Picked on June 16 at $ 70.05
Change since picked: + 0.09
Earnings Date 07/25/05 (unconfirmed)
Average Daily Volume = 1.1 million 

---

Chubb Corp - CB - close: 84.85 change: +0.05 stop: 82.49

No change from our weekend update.

Picked on June 10 at $ 85.05 
Change since picked: - 0.20
Earnings Date 07/25/05 (unconfirmed)
Average Daily Volume = 1.2 million 

---

Rockwell Collins - COL - close: 48.00 chg: -0.23 stop: 44.95

No change from our weekend update. Our suggested entry point is a dip into the $46.75-46.00 range near the simple 100-dma. 

Picked on May xx at $ xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 07/26/05 (unconfirmed)
Average Daily Volume = 800 thousand 

---

Cummins Inc - CMI - close: 74.23 change: +0.20 stop: 70.95

No change from our weekend update. CMI continues to climb following Friday's breakout over the 200-dma.

Picked on June 19 at $ 74.03
Change since picked: + 0.20
Earnings Date 07/21/05 (unconfirmed)
Average Daily Volume = 970 thousand 

---

Eagle Materials - EXP - close: 93.71 chg: -1.29 stop: 89.49 

EXP hit some profit taking today. Watch for support in the $90-92 region near its 10-dma. Our target is the $97-99 range.

Picked on June 09 at $ 90.45
Change since picked: + 3.26
Earnings Date 08/03/05 (unconfirmed)
Average Daily Volume = 134 thousand 

---

Fording Candn Coal - FDG - cls: 89.45 chg: -0.85 stop: 84.99

Monday's session did not produce the kind of bullish follow through we expected to see in FDG. More aggressive traders might want to watch for a bounce from the $88-89 region as a new entry point. More conservative traders can wait for a move over $91.25. Our target is the $97-100 range.

Picked on June 19 at $ 90.30
Change since picked: - 0.85
Earnings Date 07/25/05 (unconfirmed)
Average Daily Volume = 384 thousand 

---

Netease.com - NTES - close: 57.74 chg: -0.30 stop: 53.95

No change from our weekend update.

Picked on June 13 at $ 57.29
Change since picked: + 0.45
Earnings Date 07/26/05 (unconfirmed)
Average Daily Volume = 752 thousand 

---

Teekay Shipping - TK - close: 43.78 chg: -0.95 stop: 42.45

Lack of follow through on last week's Thursday-Friday rebound is bad news for TK. If we don't see a bounce tomorrow we're dropping it as a bullish candidate. Currently our strategy calls for a trigger to buy calls 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 

---

United Technologies - UTX - cls: 53.30 chg: +0.16 stop: 51.80 

No change from our weekend update. The good news here is that today's opening dip helped fill the gap from Friday morning.

Picked on May 23 at $ 53.12
Change since picked: + 0.18
Earnings Date 07/20/05 (unconfirmed)
Average Daily Volume = 4.0 million 

---

Wellpoint Inc - WLP - close: 69.65 chg: +0.01 stop: 65.90 

No change from our weekend update. WLP appears to be coiling for a breakout over the $70.00 level. 

Picked on June 05 at $ 68.40
Change since picked: + 1.25 
Earnings Date 07/27/05 (unconfirmed)
Average Daily Volume = 3.5 million 

Put Updates

Quality Systems - QSII - cls: 46.75 chg: -1.27 stop: 50.26*new*

QSII continues to show relative weakness. The stock dipped to $45.25 early this morning before bouncing. The bounce appeared to be failing late this afternoon. We are going to lower our stop loss to $50.26. Our target is the $41.00-40.00 range. 

Picked on June 15 at $ 47.75
Change since picked: - 1.00
Earnings Date 06/13/05 (confirmed)
Average Daily Volume = 330 thousand 

---

Semiconductor Holders - SMH - cls: 34.29 chg: -0.15 stop: 35.05

No change from our weekend update. We are not suggesting bearish positions until the SMH trades back under the $34.00 level. Our target is the $32.25-31.75 range. 

Picked on June 15 at $ 33.95
Change since picked: + 0.34
Earnings Date 00/00/00 (unconfirmed)
Average Daily Volume = 26.3 million 

Dropped Calls

None

Dropped Puts

None

Play Update Archives