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PLAY > New Plays Tuesday, May 15, 2001
New Split Plays   New Candidate Plays   New Momentum Plays
(We update our stop losses daily at the CURRENT PLAYS page.)

New Split Plays

APPB - Applebee's International $43.20 -0.10 (+0.31)

Last week, Applebee's declared a 3-for-2 stock split. This week, we are adding Applebee's to our Current Play list, and with good reason. APPB has been in a strong up trend since March 1st, advancing from a low of $30.50 to today's close of $43.20, a 43 percent gain. Moreover, we think APPB could continue advancing into its split payable scheduled for June 12th. To that end, ABBP posted a new all-time high today of $44.01, eclipsing resistance at $42.50 in the process. At this point, APPB has no immediate overhead resistance (though the psychologically-significant $45.00 level could present a minor obstacle). As for support, APPB has the 10-dma at $42.94 followed by the 20-dma at $42.12. Traders considering a position in APPB should look for a move through Tuesday's intra-day high of $44.01 or a bounce off the 10-dma on volume of 150,000 shares traded by mid-day. One caveat for conservative traders, though, APPB's stochastic is showing it to be overbought, so this trade could be a little more risky than usual.


Picked on May 15th @ $43.20
Change since picked 0.00
Stop Loss @ $40.50
 
Interactive Chart Quote News First Call on APPB
 

New Candidate Plays

None

New Momentum Plays

None

New Plays Index

 


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