Option Investor
Play Updates

In Play Updates and Reviews

HAVING TROUBLE PRINTING?
Printer friendly version

Call Updates

Chubb Corp - CB - close: 86.95 change: +0.23 stop: 83.99

No change from our previous update. Our target is the $89.50-90.00 range.

Picked on June 10 at $ 85.05
Change since picked: + 1.90
Earnings Date 07/26/05 (confirmed)
Average Daily Volume = 1.2 million

---

Cummins Inc - CMI - close: 76.24 change: -0.79 stop: 73.49

No change from our previous update. CMI hit a little bit of profit taking today. Watch for the $75.00 level to act as short-term support. In the news CMI declared a 30-cent cash dividend payable on September 1st for stockholders on record by August 18th. Our target is the $77.50-80.00 range.

Picked on June 19 at $ 74.03
Change since picked: + 2.21
Earnings Date 07/22/05 (confirmed)
Average Daily Volume = 970 thousand

---

Coventry Hlth Care - CVH - cls: 73.00 chg: -0.37 stop: 69.49

No change from our previous update. A rebound from the $72.00-72.50 region would be an attractive entry point for new calls.

Picked on July 05 at $ 72.75
Change since picked: + 0.25
Earnings Date 08/02/05 (unconfirmed)
Average Daily Volume = 1.0 million

---

Fortune Brands - FO - close: 94.39 chg: +0.88 stop: 89.95*new*

FO continues to show relative strength and added 0.9 percent today. The stock is nearing our target in the $95.00-96.00 range. Readers can prepare to exit. More conservative traders may want to take profits now! We are raising our stop loss to $89.95.

Picked on July 03 at $ 90.51
Change since picked: + 3.88
Earnings Date 07/22/05 (unconfirmed)
Average Daily Volume = 648 thousand

---

Intuit - INTU - close: 48.10 chg: +0.74 stop: 44.90 *new*

Software stocks were the second best performing sector today behind networking today. INTU managed to outpace its peers with a 1.56 percent gain. While we are encouraged by INTU's strength the NASDAQ Composite is looking pretty short-term overbought and due for a pull back. Our target is the $49.50-50.00 range. We are raising the stop loss to $44.90.

Picked on July 07 at $ 46.51
Change since picked: + 1.59
Earnings Date 08/17/05 (unconfirmed)
Average Daily Volume = 1.7 million

---

Lowes Corp. - LOW - close: 62.41 chg: +1.68 stop: 56.90

Yesterday LOW broke out over major resistance in the $60.00 region to hit new all-time highs. Today the stock surged higher with a 2.7 percent gain after an analyst firm upgraded rival Home Depot (HD) to a "buy" rating. Volume on LOW's rally today was very strong at more than twice the average. It might be time to look for a dip before initiating new positions. Broken resistance near $60 should start to act as new support. Our target is the $64.50-65.00 range before LOW reports earnings in mid-August.

Picked on July 11 at $ 60.73
Change since picked: + 1.68
Earnings Date 08/15/05 (unconfirmed)
Average Daily Volume = 3.4 million

---

Noble Energy - NBL - close: 80.89 chg: +0.75 stop: 75.99

Another surge higher for crude oil helped push the oil sector higher. NBL added about 0.9 percent to close at a new high. Our target is the $84-85 range.

Picked on July 05 at $ 78.15
Change since picked: + 2.74
Earnings Date 08/03/05 (unconfirmed)
Average Daily Volume = 1.0 million

---

Quanex - NX - close: 57.29 change: +0.47 stop: 52.99

NX continues to show relative strength. We see no changes from our previous update. Our target is the $59.50-60.00 range. Readers looking for a new entry point can hope for a dip back toward the $55.00 region, which might happen if the major indices decide to consolidate for a couple of days.

Picked on July 07 at $ 55.10
Change since picked: + 2.19
Earnings Date 08/25/05 (unconfirmed)
Average Daily Volume = 337 thousand

---

Pediatrix Med Group - PDX - cls: 76.53 chg: +0.43 stop: 72.34

No change from our previous update on Monday. This continues to look like a bullish entry point. Our target is the $80.00-82.00 range.

Picked on July 11 at $ 76.10
Change since picked: + 0.43
Earnings Date 08/03/05 (unconfirmed)
Average Daily Volume = 158 thousand

---

Reynolds American - RAI - close: 79.36 chg: -0.40 stop: 76.49

No change from our previous update. We do notice that the MACD has finally produced a new buy signal.

Picked on July 10 at $ 78.83
Change since picked: + 0.53
Earnings Date 08/01/05 (unconfirmed)
Average Daily Volume = 664 thousand

---

Rio Tinto - RTP - close: 128.80 chg: +0.79 stop: 123.33 *new*

Prepare to exit! RTP keeps climbing and came within 42 cents of our suggested target in the $129.50-130.00 range. More conservative traders may want to take profits right now. We are raising the stop loss to breakeven at $123.33.

Picked on June 27 at $123.33
Change since picked: + 5.47
Earnings Date 08/03/05 (unconfirmed)
Average Daily Volume = 160 thousand

---

Toll Brothers - TOL - close: 54.59 chg: +0.63 stop: 49.90 *new*

TOL continues to display incredible relative strength and added another 1.1 percent today. This is a new all-time high and a breakout over the $54.00 level. The MACD's buy signal from yesterday looks stronger today. Traders looking for new positions might want to wait (hope for) a dip back toward $52.00. If you don't want to chase it then don't. There's always another opportunity later. Our target is the $57.50-60.00 range. We are raising our stop loss to $49.90.

Picked on July 10 at $ 51.98
Change since picked: + 2.61
Earnings Date 08/22/05 (unconfirmed)
Average Daily Volume = 2.4 million

---

Sunoco Inc - SUN - close: 122.05 chg: +1.11 stop: 114.99

SUN continues to march higher. No change from our previous update. Our target is the $124.50-125.00 range. SUN has a 2-for-1 split on August 1st. Good news! SUN announced that it will release its earnings on August 3rd.

Picked on July 03 at $117.87
Change since picked: + 4.18
Earnings Date 08/03/05 (confirmed)
Average Daily Volume = 1.3 million

---

Wellpoint Inc - WLP - close: 70.14 chg: -1.07 stop: 67.49

No change from our previous update. We continue to be frustrated with WLP's lack of upward momentum. It's just crawling higher and that's bad news for options traders.

Picked on June 05 at $ 68.40
Change since picked: + 1.74
Earnings Date 07/27/05 (unconfirmed)
Average Daily Volume = 3.5 million
 

Put Updates

None
 

Dropped Calls

None
 

Dropped Puts

None
 

Play Update Archives