Commentary
Sector Watch


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


Announcements
Current Split Catalog
New Candidates
Candidates Index
Expected Splits
Splits 101


Play Results
Split Predictions


Ask the Trader
Trading 101
Bookstore
Glossary
Dow Charts
FAQ


Splits
SEC Filings
Coming Economic Events
BoD Meetings
Earnings


Chat Room
Message Boards


Email Newsletter
Author Search
Advertise With Us
Change Password
Contact Us

Play of the Day (For Wednesday)
- BJ INFO -
Quote
 
Profile
News
 
Interactive Chart
Tuesday, June 12, 2001

BJ - BJ's Wholesale Club $52.36 +1.16 (+1.12)

Tuesday's Comment:

On Tuesday, BJ managed to close above resistance at $52 on good volume of 600,000 shares. BJ also successfully tested its 5-dma at $51.56 and bounced higher. Add to this the fact that BJ has only weak resistance at $52.75 to deal with and we think you have the recipe for another run higher in BJ. Of course, Tuesday's upgrade of BJ from a "buy" to a "strong buy" by Lehman Brothers doesn't hurt either. In addition to upgrading the stock, Lehman raised its 12-month price target on the retailer to $62 from $55. Traders that may be thinking about getting into BJ should wait until the stock breaches $52.75 on volume that puts the stock on track to do at least 650,000 shares for the day. We are upping our stop to $50.00 to protect our gains thus far.


Picked on May 27th @ $48.31
Change Since Picked +4.05
Stop Loss @ $50.00


Play of the Day Index

 


Copyright 2001 SplitTrader.com

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