Sector Watch

Play of the Day
Current Plays
Watch List
New Plays
Play Updates

Current Split Catalog
New Candidates
Candidates Index
Expected Splits
Splits 101

Play Results
Split Predictions

Ask the Trader
Trading 101
Dow Charts

SEC Filings
Coming Economic Events
BoD Meetings

Chat Room
Message Boards

Email Newsletter
Author Search
Advertise With Us
Change Password
Contact Us

PLAY > New Plays Tuesday, April 10, 2001
New Split Plays   New Candidate Plays   New Momentum Plays
(We update our stop losses daily at the CURRENT PLAYS page.)

New Split Plays


New Candidate Plays

TARO - Taro Pharmaceutical Industries $49.45 +2.00 (+2.70)

Taro Pharmaceutical markets and distributes prescription and OTC pharmaceutical products. The company's main focus has been the off-patent dermatological market, but recent FDA approval on its generic drug for cardiac arrhythmias has got investors on a buying spree. Also adding interest to the rally has been the potential for the company to split its stock. Currently, TARO has 10.71 million shares outstanding and 50 million authorized, well enough for a 2:1 stock split. Although the company has never split its stock before, the recent run to all time highs looks promising. Moving to the chart, the stock is clearly on a breakout now that higher levels are being confirmed by an expansion in volume. On Tuesday, TARO soared to a new 52-week high of $50.50 on good volume of 203,400 shares traded. A move above this level in the upcoming week could be a good signal for traders to place their orders. Support will likely reside at the 5-dma of 47.64. TARO's strong uptrend is bolstered by good technical readings in the MACD and OBV indicators, which suggests that a sustainable move is possible. We'll look for potential entry points to arise when TARO pushes though $50.50 on daily volume above the three-month average of 144,400 shares. We'll set our stops at $44 for downside protection.

Picked on April 10th@ $49.45
Change since picked 0.00
Stop Loss @ $44.00
Interactive Chart Quote News First Call on TARO

New Momentum Plays



Copyright 2001

Do not duplicate or redistribute in any form.
Privacy Statement   Disclaimer   Terms Of Service