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PLAY >New Updates Sunday, June 03, 2001
New Split Updates   New Candidate Updates   New Momentum Updates
(We update our stop losses daily at the CURRENT PLAYS page.)

New Split Updates

None

New Candidate Updates

ASD - American Standard $66.77 (+1.11)

ASD managed another closing high on Friday. The stock seems to have good buying support since pullbacks have been minimal for the last two weeks. We will want to see daily volume get above 475,000 shares as ASD continues to climb, in order to confirm the strength of the rally. Support should come in at $65 and resistance is Friday's high of $66.90. Momentum traders could look to get in on a break above $67 on daily volume of at least 475,000 shares.


Picked on May 6th @ $62.50
Change Since Picked +4.27
Stop Loss @ $64.50
 
Interactive Chart Quote News First Call on ASD
 


BJ - BJ's Wholesale Club $49.15 (+0.84)

BJ's gap higher on 5/22 has turned out to be the breakaway gap that we were hoping for. However, this doesn't mean that the stock isn't vulnerable to a pullback. We don't like the fact that sellers have been knocking the stock down after three consecutive higher opens. However, if BJ can make it over the $50 hurdle next week, we think it has a good chance of making it to $60. That said traders should look for a strong volume (800,000 share) break above $50 as the next best entry point. On the flip side, support should come in at the top of the gap at $46.30.


Picked on May 27th @ $48.31
Change Since Picked +0.84
Stop Loss @ $45.10
 
Interactive Chart Quote News First Call on BJ
 


BKH - Black Hills Corporation $55.96 (-1.31)

BKH bounced off support at $55 today and closed just below resistance at its 5-dma of $56.09. It's never a great sign when the 5-dma is acting as resistance, since this is a sure sign of near-term weakness. However, BKH might be able to turn it around if the stock can manage to close above its 10-dma at $56.77, since the 10-dma is what provided support for the last run up. Traders looking to initiate a position in BKH could do so on a bounce off $55 or a close above heavy resistance at %58.50. Either way, look for volume to come in at 200,000 shares or more for the day.


Picked on May 20th @ $55.94
Change Since Picked +0.02
Stop Loss @ $52.25
 
Interactive Chart Quote News First Call on BKH
 


CEFT - Concord EFS $50.50 (-0.10)

CEFT has come up against heavy resistance at $51.50. It has tried to pierce this level four days in a row. Our hopes are that this resistance does not hold up and that sellers will dry up going into next week. That said if resistance proves to be too strong, support should come in at $49. Traders should not look to enter CEFT until it can close above $51.50 on volume of no less than 4 million shares.


Picked on May 27th @ $50.60
Change Since Picked -0.10
Stop Loss @ $46.00
 
Interactive Chart Quote News First Call on CEFT
 


CIMA - Cima Labs Inc. $74.75 (-0.05)

CIMA kept to a fairly tight intraday range on Friday, as the stock continues to build a base around $75. Support has come in at $73 and resistance has established itself at $78.35 (Thursday's high). Traders who wish to play CIMA should wait for the stock to confirm a breakout over $78.35 with daily volume of at least 400,000 shares.


Picked on May 29th @ $76.95
Change Since Picked -2.20
Stop Loss @ $67.95 
 
Interactive Chart Quote News First Call on CIMA
 


HRB - H&R Block $60.96 (+1.24)

HRB's MACD is set to issue another buy signal with one more up day like Friday's. Support has come in at $59 and resistance should be showing up at $61. Traders looking to initiate positions in HRB could do so on a break over $61.75 on volume of at least 600,000 shares. Volume is key on this break, so don't cheat if volume is lacking.


Picked on April 18th @ $52.85
Change since picked +7.11
Stop Loss @ $58.40
 
Interactive Chart Quote News First Call on HRB
 


MTG - MGIC Investment $68.63 (+1.79)

MTG pulled back on Friday after its initial breakout move on Thursday. We are not too worried at this point, but will watch that volume doesn't accelerate any more when the stock drops. Support should be coming in at the $66.80 level and resistance has been established at Friday's high of $70.65. Traders should hold off on MTG until it can close above its neckline of $70 on volume of at least 850,000 shares.


Picked on May 31st @ $70.37
Change Since Picked -1.74
Stop Loss @ $66.75
 
Interactive Chart Quote News First Call on MTG
 

New Momentum Updates

BUCA - Buca, Inc. $22.40 (-2.39)

On Friday, BUCA missed hitting our stop by a mere three cents. It was a good thing too because the stock proceeded to rally for the rest of the session. BUCA may spend some time stabilizing around the $23 level, so traders should hold off on initiating positions until BUCA can turn up the volume and its MACD can issue a buy signal.


Picked on May 24th @ $25.15
Change Since Picked -2.75
Stop Loss @ $21.30 
 
Interactive Chart Quote News First Call on BUCA
 


GTK - GTECH Holdings Corp. $37.25 (-0.15)

GTK has found good support at $36.50. For a while it looked as if our long-time play wanted to roll over and fall back to the $35 level. However, Thursday's rally on good volume of 1.5 million shares has us thinking that GTK is not done yet. Resistance has come in at $38, so traders looking to hop on board should do so on a close above $38 on volume of at least 500,000 shares.


Picked on April 20th @ $29.79
Change Since Picked +7.46
Stop Loss @ $36.40
 
Interactive Chart Quote News First Call on GTK
 

Play Updates Index

 


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