Market Wrap

Market Sentiment

Intraday Updates

Market Watch



Current Play List

Watch List

Trading Ideas

Email Version


Tech Stocks

New Plays

Play Updates

Closed Plays


Active Trader

New Plays

Play Updates

Closed Plays


High Risk/
Rewards


New Plays

Play Updates

Closed Plays


Stock Splits

New Plays

Expected Splits

Play Updates

Closed Plays

Announcements

Split Calendar

Split Candidates

New Candidates

Splits 101


Long-Term Plays

Tech Stocks

Non-Tech Stocks




Ask the Analyst

Bailey's Basics

Learning Center

Trader's Corner

Options Primer

Options 101

Splits 101

Trading 101

Bookstore

Glossary



Charts

Live Charts

Dow 30 charts

Economic Calendar

Arms Index Charts



Terms of Service

Disclaimer

Contact Us

Advertise

EMAIL THIS PAGE TO A FRIEND!
Bearish Play Updates Sunday, August 1st, 2004

Endo Pharmaceuticals - ENDP - cls: 19.20 chg: -0.04 stop: 20.26*new*

We can't complain with the action in shares of ENDP. Last Monday the stock quickly hit our trigger to go short at $19.49. The breakdown under support at $20.00 and the $19.50 level came on stronger than average volume. We've seen some follow through as ENDP hit $18.52 on Wednesday but like most of the market ENDP produced an oversold bounce later in the week. Fortunately, the rebound in ENDP is already beginning to fade under its simple 10-dma. This looks like an entry point for new positions if you missed it the first time. We're going to lower our stop loss to $20.26. The P&F chart is looking increasingly bearish with its $14 target. We will continue to target the $15-14 level.


Annotated Chart:


Picked on July 26 at $19.49
Gain since picked:   - 0.29
Earnings Date      07/14/04 (confirmed)
Average Daily Volume:   871 thousand

Link to Current Quote ENDP



 

Terms of Service Disclaimer Privacy Policy Contact Us
Copyright 2001 PremierInvestor.net - Do not duplicate or redistribute in any form