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Play of the Day (For Wednesday)
Interactive Chart
Tuesday, March 20, 2001

CEC CEC Entertainment Inc. $40.60 -1.40 (+0.20)

Tuesday's Comment:

Chuck E. Cheese owner CEC Entertainment has been consolidating in the $40-$42 range over the past week. On Tuesday, shares of CEC traded to an intra-day high of $42.15 before pulling back to close at its intra-day low of $40.60 on volume of 69,300 shares. Despite Tuesday's pullback, CEC has broken its short-term downward trend with two consecutive higher highs. Given the dearth of stocks for traders long the market, we are looking for the stock to regain its upward momentum on heavier volume in the near future. In the meantime, support is Monday's intra-day low of $40.23 with stronger support at the $40 mark, the February 21st intra-day high. Resistance has moved up to Monday's intra-day high of $42.00 and then the March 8th intra-day high of $42.50. A bounce off of $40.23 or a move above $42.00 on midday volume greater than 80,000 shares may be possible entry points. Our stops remain at $39.50.

Picked on March 6th @ $41.81
Change since picked -1.21
Stop Loss @ $39.50

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