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 >New Updates Tuesday, June 05, 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 $67.35 +0.64 (+0.58)

ASD set a new closing high on Tuesday and appears as if it wants to go higher. The stock was lifted $0.64 on moderate volume of 290,000 shares. We would have liked to see ASD's volume come in over 400,000 shares, but will keep an eye on buying interest as the stock heads towards $70.00. Support should come in around $66 and resistance has become Tuesday's high of $67.46. We are ratcheting up our stop to $66.00 to protect against a reversal.


Picked on May 6th @ $62.50
Change Since Picked +4.85
Stop Loss @ $66.00
 
Interactive Chart Quote News First Call on ASD
 


BJ - BJ's Wholesale Club $51.31 +2.11 (+2.16)

BJ cranked it up on Tuesday, having plowed through the psychological $50 level like a hot knife through butter. With the stock resting comfortably over $51, we will be watching for profit taking to take hold soon. That said we are raising our stop up to $48.75 in order to protect our gains. Traders looking to get into the warehouse retailer could look to do so on a bounce off of $50 on volume of at least 800,000 shares traded for the day.


Picked on May 27th @ $48.31
Change Since Picked +3.00
Stop Loss @ $48.75
 
Interactive Chart Quote News First Call on BJ
 


BKH - Black Hills Corporation $55.20 -0.77 (-0.76)

Our energy play continued to base around the $55 level today. The mild sell off was witnessed throughout the whole energy sector, as investors continued to book profits. Support for BKH has come in at $54.60 and resistance should rear its head again at $56.35. Heavier resistance has come in at $58.50, so traders should wait for a close above this level to protect against an immediate reversal. Volume on any such breakout should be no less than 350,000 shares for the day. Our stops remain at $52.25 to protect against a reversal.


Picked on May 20th @ $55.94
Change Since Picked -0.74
Stop Loss @ $52.25
 
Interactive Chart Quote News First Call on BKH
 


CEFT - Concord EFS $51.34 +1.15 (+0.84)

CEFT notched a new closing high on Tuesday, putting to an end its streak of three down days in a row. We are encouraged that the stock was able to close over $50.50, but are still concerned that resistance has held up at $51.50. If the broader market cooperates tomorrow, we feel that CEFT has set itself up to finally break through resistance at $51.50. Therefore, traders looking to get into CEFT should wait for a definitive close above this level accompanied by good volume of at least 3.9 million shares for the day.


Picked on May 27th @ $50.60
Change Since Picked +0.74
Stop Loss @ $46.00
 
Interactive Chart Quote News First Call on CEFT
 


CIMA - Cima Labs Inc. $84.37 +6.34 (+9.62)

CIMA rocketed higher on the heels of bullish developments within the biotech sector. Many new drugs are nearing FDA approval, which tends to get investors interested in the whole sector. As for our play, CIMA has now officially broken out of its previous base. In addition, its MACD just issued a buy signal. However, with today's $6.34 move higher, the stock has become very vulnerable to a pullback. If you are considering opening a position in CIMA, it might be wise to be patient and let the stock come back towards support at today's low of $78.60 before jumping into this biotech play. We are moving our stop up to $80.00 to lock in some quick gains in this volatile stock.


Picked on May 29th @ $76.95
Change Since Picked +7.42
Stop Loss @ $80.00 
 
Interactive Chart Quote News First Call on CIMA
 


HRB - H&R Block $63.73 +1.47 (+2.77)

HRB continued higher after its breakout on Monday. Shares gained an additional $1.47 on Tuesday and volume remained strong, with 813,000 shares changing hands. With today's surge, HRB's MACD is now decidedly positive and momentum seems to have shifted to the upside. Although HRB couldn't hang on to all of its intraday gains, it did manage to close in the upper half of its daily range. Traders looking to initiate a position in HRB should wait for the inevitable pullback to $62.50 before pulling the trigger. We are moving our stops higher to $61.00 to protect our gains in this play.


Picked on April 18th @ $52.85
Change since picked +10.88
Stop Loss @ $61.00
 
Interactive Chart Quote News First Call on HRB
 


MTG - MGIC Investment $70.10 +1.05 (+1.47)

MTG made up some lost ground on Tuesday, and did so on improved volume. MTG traded 530,000 shares and advanced back towards its neckline. The key to MTG's next leg higher will be volume in the session that it is able to close above $70.65. The more volume we have on that day, the less likely it is that MTG will roll back over. Traders may wish to time new entries with a close above $70.65 on volume of at least 600,000 shares. Our stops remain at $66.75 to protect on the downside.


Picked on May 31st @ $70.37
Change Since Picked -0.27
Stop Loss @ $66.75
 
Interactive Chart Quote News First Call on MTG
 

New Momentum Updates

BUCA - Buca, Inc. $22.69 +0.44 (+0.29)

BUCA has been slowly but surely recovering from last Thursday's downdraft. The stock has put in three bullish hammer formations in a row so buyers may be stepping back into this restaurant play. However, BUCA did encounter resistance at its 5-dma of $22.85 on Tuesday so we will be watching this level closely to see that it doesn't create a problem going forward. Traders looking to get into BUCA should wait until the stock can break up through resistance at $24 before committing any capital to the stock.


Picked on May 24th @ $25.15
Change Since Picked -2.46
Stop Loss @ $21.30           
 
Interactive Chart Quote News First Call on BUCA
 


GTK - GTECH Holdings Corp. $38.80 +0.64 (+1.55)

This stock just won't give up. GTK made a new high during Tuesday's session and closed in the upper half of its daily range, leaving a bullish hammer formation on its chart. The only troublesome aspect to today's move was that volume came in 35% less than GTK's average daily volume. While we continue to see signs of underlying weakness within GTK, the stock continues to march higher. Therefore, we are again moving our stops higher in order to lock in gains. Our stop now resides at $37.40. Traders looking to initiate new positions can look to do so on a pullback and subsequent bounce off support at $38.25 on volume of at least 350,000 shares.


Picked on April 20th @ $29.79
Change Since Picked +9.01
Stop Loss @ $37.40
 
Interactive Chart Quote News First Call on GTK
 

Play Updates Index

 


Copyright 2001 SplitTrader.com

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