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Play of the Day (For Wednesday)
Interactive Chart
Tuesday, March 27, 2001

TMIC Trend Micro Inc. $9.25 +0.38 (+0.81)

Tuesday's Comment:

It may seem odd to see a stock under $10.00 on our Split Run list; nevertheless, there's one there. TMIC, a Japanese provider of anti-virus software solutions, has moved up nicely following a series of positive news items. The latest positive development came yesterday when TMIC announced that it had begun shipping the first integrated virus solution for the Network Appliance (NASDAQ:NTAP) platform. TMIC's recent advance has enabled us to raise our stop-loss to $8.50. More importantly, though, today's action bodes well for a continued advance. Not only did TMIC close above its 50-DMA of $8.94, but it also accomplished this feat with good volume that fell just short of 70,000 shares. If the stock opens tomorrow above support of $8.94, traders may want to add to positions in anticipation of a rally to the next resistance of $10.25. To that end, the MACD and OBV are both trending in the right direction, which tells us we may be able to achieve greater profits with this play. However, should TMIC gap up three quarters of a point or more at the open, you may want to wait for a pullback before jumping on board.

Picked on March 22nd @ $8.38
Change since picked +0.87
Stop Loss @ $7.00

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