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Play of the Day (For Friday)
- ASD INFO -
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Profile
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Interactive Chart
Thursday, May 31, 2001


ASD - American Standard Companies, Inc. $66.63 +1.61 (+0.97)

Thursday's Comment:

American Standard Companies, Inc. gapped up Thursday morning on news that Morgan Stanley (NYSE:MWD) increased its weighting of ASD from 1% to 2% in Morgan's U.S. model portfolio. Shares of ASD traded to an all-time high of $66.80 before pulling back to a close of $66.63 on volume of 294,000 shares. The stock has been trending higher on average volume so ASD may be able to continue to set new highs. From a technical standpoint, ASD has support at Wednesday's intra-day high of $66 with additional support at $65.56, the 10-dma. Resistance is Thursday's intra-day high of $66.80 and then $68. A bounce off of $66 or a breakout above $66.80 on midday volume greater than 250,000 shares may be possible entry points. We have moved our stops up to $64.50 to lock in additional gains.


Picked on May 6th @ $62.50
Change since picked +4.13
Stop Loss @ $64.50


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