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Call Updates

Apache - APA - close: 75.15 change: -0.07 stop: 72.49

Energy stocks are still seeing some profit taking but sentiment for the group remains bullish. We are suggesting that readers watch for a bounce from $74.00 (or 73.50) as a new bullish entry point. Technical traders may want to be more cautious. The MACD indicator does not look very healthy on APA.

Picked on September 18 at $ 73.42
Change since picked: + 1.73
Earnings Date 10/27/05 (unconfirmed)
Average Daily Volume = 2.6 million

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BP Prudhoe Bay - BPT - close: 79.38 chg: +0.26 stop: 73.99

No change. We remain on the sidelines with BPT. Our suggested plan is to buy calls when BPT hits our trigger at $80.11, which would be a breakout over significant resistance at the $80.00 mark and the top of its trading range. If triggered our December 15th target is the $89.50-90.00 range.

Picked on October xx at $ xx.xx <-- see Trigger
Change since picked: + 0.00
Earnings Date 00/00/00 (unconfirmed)
Average Daily Volume = 175 thousand

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Broadcom - BRCM - close: 46.92 chg: +0.00 stop: 43.49

It was a relatively volatile day for BRCM. The stock broke out over resistance at the $47.00 level and hit new all-time highs. Unfortunately, BRCM could not hold its gains and closed unchanged on the session. The early move higher did help produce a new MACD buy signal but we suspect that BRCM will see more profit taking tomorrow. Watch for a bounce from the $46.00 level as a new bullish entry point. Our target is the $49.00-50.00 range.

Picked on September 25 at $ 45.05
Change since picked: + 1.87
Earnings Date 10/21/05 (unconfirmed)
Average Daily Volume = 7.0 million

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Bear Stearns - BSC - close: 109.35 chg: -0.40 stop: 102.49

Merrill Lynch was the big winner in the broker-dealer sector today after a positive Barron's story this weekend. That doesn't change our bullish outlook on BSC. Readers still have a choice. Choose a bullish entry point on a dip toward $107.50 or a breakout over $110.25 (we said 110.20 over the weekend). Our ten-week target is the $119.50-120.00 range.

Picked on October 02 at $109.75
Change since picked: - 0.40
Earnings Date 09/15/05 (confirmed)
Average Daily Volume = 1.2 million

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Cardinal Health - CAH - close: 62.94 chg: -0.50 stop: 59.85

It was a quiet session for shares of CAH. We see no changes from our weekend update. Our target is the $66.00-67.00 range.

Picked on September 25 at $ 61.95
Change since picked: + 1.05
Earnings Date 11/04/05 (unconfirmed)
Average Daily Volume = 2.0 million

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Cameco Corp - CCJ - close: 54.32 chg: +0.82 stop: 49.49

CCJ displayed some relative strength today and the stock is nearing resistance in the $55.00 region. Our target is the $58-60 range and we plan to exit ahead of CCJ's early November earnings report.

Picked on September 18 at $ 53.30
Change since picked: + 1.02
Earnings Date 11/01/05 (unconfirmed)
Average Daily Volume = 862 thousand

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Cigna - CI - close: 118.19 change: +0.33 stop: 111.49

CI continues to show strength. The stock dipped to $116.00 this morning but traders were there to quickly buy the dip and push shares to a new all-time high. We do expect some resistance near the $120 level but our early November target is the $124.00 level.

Picked on September 29 at $116.51
Change since picked: + 1.68
Earnings Date 11/02/05 (unconfirmed)
Average Daily Volume = 991 thousand

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Intuitive Surg. - ISRG - close: 73.86 chg: +0.57 stop: 70.99

The good news with ISRG is that there was almost zero follow through on its Friday decline. We remain cautious. Right now we're watching to see if shares rebound from a test of technical support at its 50-dma, which is now at 71.30. We're still not suggesting new plays at this time.

Picked on September 28 at $ 75.11
Change since picked: - 1.25
Earnings Date 10/24/05 (unconfirmed)
Average Daily Volume = 962 thousand

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Altria Group - MO - close: 74.16 change: +0.45 stop: 69.90

Positive comments from Goldman Sachs today helped push Dow-component MO to a new all-time high over recent resistance at the $74.00 level. This looks like a new bullish entry point. Our target is the $78-79 range. Remember that we plan to exit ahead of its October earnings report.

Picked on September 18 at $ 73.14
Change since picked: + 1.02
Earnings Date 10/19/05 (unconfirmed)
Average Daily Volume = 6.7 million

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Noble Energy - NBL - close: 47.79 chg: +0.89 stop: 44.49

Most of the energy sector was under water today but shares of NBL displayed another session of relative strength. The stock added 1.89% on decent volume and now NBL looks poised to breakout over short-term resistance at the $48.00 mark. Our target is the $49.00-50.00 range.

Picked on September 11 at $ 44.90
Change since picked: + 2.89
Earnings Date 11/02/05 (unconfirmed)
Average Daily Volume = 796 thousand

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Total S.A. - TOT - close: 134.39 chg: -1.43 stop: 131.99

No surprises here. TOT did indeed see more profit taking on Monday and shares fell toward minor support near $134.00. The question now is whether this energy stock bounces from here or continues lower toward the bottom of its trading range near $132.00.

Picked on September 28 at $137.23
Change since picked: - 2.84
Earnings Date 08/05/05 (confirmed)
Average Daily Volume = 872 thousand
 

Put Updates

Black & Decker - BDK - close: 81.25 chg: -0.84 stop: 85.05

So far so good. BDK continue to descend under a trend of lower highs even though its technicals are trying to rebound. The next challenge is support at the $80.00 level. Our target is the $78-77 range.

Picked on September 14 at $ 83.31
Change since picked: - 2.06
Earnings Date 10/25/05 (unconfirmed)
Average Daily Volume = 636 thousand
 

Dropped Calls

None
 

Dropped Puts

Hershey Co. - HSY - close: 57.91 change: +1.60 stop: 58.01

Time to go! UBS upgraded shares of HSY to a buy this morning suggesting the stock is relatively cheap. We have not yet been stopped out (the high was $58.00) but suspect we will be stopped out soon. We will keep an eye on HSY for another failed rally under resistance at the exponential 200-dma or the $60.00 level.

Picked on September 14 at $ 57.90
Change since picked: + 0.01
Earnings Date 10/20/05 (unconfirmed)
Average Daily Volume = 760 thousand
 

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