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Email Version, Section 2, Monday 12-20-2004
PremierInvestor.net Newsletter Monday 12-20-2004
section 2 of 2
Copyright (c) 2004, All rights reserved.
Redistribution in any form is strictly prohibited.
The entire newsletter is best viewed in COURIER 10 for alignment
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In section two:
Stop Loss Adjustments: QLGC, MNST
Active Trader (Non-tech Stocks)
Closed Bullish Plays: UHS
Stock Splits
Announcements: CRDN
Trading Ideas
Value Plays With Bullish Signals
Breakout to Upside (Stocks $5 to $20)
Breakout to Upside (Stocks over $20)
Breakout to Downside (Stocks over $20)
Recently Overbought With Bearish Signals (Stocks over $20)
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Stop Loss Adjustments
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QLGC - tech stock long -
Heads up! QLGC has broken technical support at its
simple 21-dma. Plus the SOX index does not look very
strong. This could be a clue that QLGC and the sector
are about to turn lower.
MNST - tech stock long -
Uh-oh! Readers may need to re-evaluate their risk-reward
profile on MNST. Shares hit $33.90 this morning but quickly
faded back toward minor support at $32.00. Our target was
a move into the $34-36 range but MNST didn't quite make it
and today's action looks like a failed rally, which could be
translated as a possible bearish entry point. We do expect the
$30.00 level to hold up as support. Nimble traders may want to
consider exiting under $32.00 and looking for a new entry on a
bounce from $30.
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Active Trader (AT) Non-Tech Stock section
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Closed Plays
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Closed Bullish Plays
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Universal Health - UHS - cls: 45.35 chg: -0.96 stop: 45.50
Looks like the late afternoon bounce on Friday was nothing but a
speed bump on the way down. UHS has broken support at the $46.00
level with Monday's 2 percent decline. The stock has now
completely erased its mid-December gains. One could argue that the
exponential 200-dma near today's low might be support but we're not
counting on it besides our stop loss was $45.50.
Picked on December 12 at $48.51
Gain since picked: - 3.16
Earnings Date 10/21/04 (confirmed)
Average Daily Volume: 500 thousand
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Stock Splits
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CRDN announces a 3-for-2 stock split
Monday morning before the market's opening bell Ceradyne, Inc.
(NASDAQ:CRDN) announced that its Board of Directors had approved a
3-for-2 stock split of its common shares.
The split will take the form of a 50 percent stock dividend
payable on January 18th, 2005 to shareholders on record as of
January 10th. Fractional shares resulting from the split will be
paid in cash.
About the company:
Ceradyne develops, manufactures and markets advanced technical
ceramic products and components for defense, industrial,
automotive/diesel and commercial applications. (source: company
website)
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Trading Ideas
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This section contains stocks that meet criteria which may make
them of interest to long and short side traders. These are not
recommendations, nor have they been reviewed by PremierInvestor
editors for investment potential. However, each of them has
technical and fundamental characteristics that make them worthy
of further review by traders and investors looking for fresh ideas.
New stocks will appear daily following the market close.
Value Plays With Bullish Signals
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Value Plays With Bullish Signals
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Ticker Company Name Close Change
TM Toyota Motor Corp 77.65 +0.54
COP ConocoPhillips 88.00 +1.01
XOM ExxonMobil 51.06 +1.26
UN Unilever N.V. 65.35 +0.90
DOW Dow Chemical 50.05 +0.54
OXY Occidental Petroleum 58.68 +1.78
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Breakout to Upside (Stocks $5 to $20)
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CATG Cambridge Antibody Tech 14.37 +1.99
TWMC Trans World Entertainment 12.77 +1.15
CRZO Carrizo Oil & Gas 11.57 +1.07
ATCO American Technology 8.54 +1.05
SNDS The Sands Regent 15.62 +1.03
FRD Friedman Industries 10.82 +1.76
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Breakout to Upside (Stocks over $20)
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MON Monsanto Co 52.49 +1.05
FS Four Seasons Hotel 82.51 +3.76
BYD Boyd Gaming Corp 38.99 +1.68
FHR Fairmont Hotels 32.74 +1.18
MTH Meritage Homes 112.13 +3.93
ZGEN Zymogenetics 24.48 +1.35
CMC Commercial Metals 47.42 +4.32
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Breakout to Downside (Stocks over $20)
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PFE Pfizer Inc 24.29 -1.46
SYMC Symantec Corp 24.04 -1.33
CTAS Cintas Corp 43.63 -1.11
JNY Jones Apparel Group 35.33 -1.53
R Ryder Systems 48.97 -5.53
COT Cott Corp 24.41 -2.69
FOSL Fossil Inc 23.63 -1.34
SYNA Synaptics 30.47 -2.30
ROG Rogers Corp 44.22 -1.06
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Recently Overbought With Bearish Signals (Stocks over $20)
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STZ Constellation Brands 45.93 -1.89
CME Chicago Mercantile Exchg 217.78 -2.78
MCRS Micros System Inc 73.29 -1.83
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newsletter picks are not to be considered a recommendation
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