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Email Version, Section 2, Tuesday 12-28-2004
PremierInvestor.net Newsletter Tuesday 12-28-2004
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: None
Active Trader (Non-tech Stocks)
New Bullish plays: PNC, YUM
Stock Splits
Announcements: None
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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None
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Active Trader (AT) Non-Tech Stock section
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New Plays
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New Bullish Plays
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PNC Financial - PNC - close: 57.19 chg: +0.68 stop: 54.99
Company Description:
The PNC Financial Services Group, Inc. is one of the nation's
largest diversified financial services organizations providing
consumer and business banking; specialized services for
corporations and government entities including corporate banking,
real estate finance and asset-based lending; wealth management;
asset management and global fund services.
(source: company press release)
Why We Like It:
Here we go again! A couple of weeks ago we tried to play PNC for
its inverse (bullish) Head & Shoulders pattern. We got filled on a
fluke gap higher and then decided to bail when shares struggled
under resistance at $56 for several days. Looks like we should
have held on. Now PNC has broken through resistance at $56.00,
which makes the neckline to the H&S pattern. The pattern points to
a $63 target, which is less than the bullish P&F chart that points
to a $70 target. We're going to go long at current levels with our
eyes on the $62-63 range. The plan is to exit before PNC announces
earnings on January 21st. We do expect some resistance at $60.00
so short-term players may want to exit there.
Annotated Chart:
Picked on December 28 at $57.19
Gain since picked: + 0.00
Earnings Date 01/21/05 (confirmed)
Average Daily Volume: 1000 thousand
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YUM Brands! - YUM - close: 47.00 change: +0.69 stop: 45.49
Company Description:
Yum! Brands Inc., based in Louisville, Kentucky, is the world's
largest restaurant company in terms of system restaurants with more
than 33,000 restaurants in more than 100 countries and territories.
Four of the company's restaurant brands -- KFC, Pizza Hut, Taco
Bell and Long John Silver's -- are the global leaders of the
chicken, pizza, Mexican-style food and quick-service seafood
categories respectively. Yum! Brands is the worldwide leader in
multibranding, which offers consumers more choice and convenience
at one restaurant location from a combination of KFC, Taco Bell,
Pizza Hut, A&W or Long John Silver's brands. The company and its
franchisees today operate over 2,600 multibrand restaurants.
Outside the United States in 2003, the Yum! Brands' system opened
about three new restaurants each day of the year, making it one of
the fastest growing retailers in the world. (source: company press
release)
Why We Like It:
We like YUM as a pure momentum play. The trend has been bullish for
a long-time but the current leg is now into its fifth month. Yet
shares have actually churned sideways for almost all of December
and are just now breaking out to new highs. Stochastics and RSI
are turning higher and its MACD is nearing a new buy signal. The
P&F chart is very bullish with a $74 target. We will go long at
current levels although conservative traders may want to see a new
high over $47.20 before initiating positions. Our immediate target
is $50 but we suspect that YUM can trade higher.
Annotated Chart:
Picked on December 28 at $47.00
Gain since picked: + 0.00
Earnings Date 02/09/05 (unconfirmed)
Average Daily Volume: 1.2 million
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Stock Splits
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Announcements
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None
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Trading Ideas
==================
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
---------------------------------
Ticker Company Name Close Change
HD Home Depot 42.84 +0.61
MO Altria Group 61.58 +0.73
FRE Freddie Mac 72.49 +0.70
MET Metlife 41.01 +0.60
STI SunTrust Banks 74.15 +0.70
CAH Cardinal Health 57.60 +0.77
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Breakout to Upside (Stocks $5 to $20)
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MUSA Metals USA Inc 19.30 +1.17
OCA OCA Inc 6.70 +1.01
CLRK Color Kinetics 17.55 +1.55
ZOLT Zoltek Companies 13.65 +1.06
LCBM Lifecore Biomedical 11.59 +1.23
MFRI MFRI Inc 11.20 +1.58
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Breakout to Upside (Stocks over $20)
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TV Grupo Televisa 60.70 +1.59
AMZN Amazon.com 44.63 +2.38
CTSH Cognizant Tech 42.77 +2.25
FDS Factset Research 58.47 +2.28
NNDS NDS Group 34.48 +1.69
UNFI United Natural Foods 31.23 +2.90
IPMT Ipayment 50.29 +6.56
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Breakout to Downside (Stocks over $20)
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ALD Allied Capital 24.46 -1.15
PKZ Petrokazakhstan 32.99 -2.88
UHS Universal Health 44.51 -1.18
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Recently Overbought With Bearish Signals (Stocks over $20)
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XMSR XM Satellite Radio 38.89 -0.84
BKUNA BankUnited Financial 31.97 -0.22
RFGP First Regional Bancorp 54.00 -0.50
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DISCLAIMER
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This newsletter is a publication dedicated to the education
of stock traders. The newsletter is an information service
only. The information provided herein is not to be construed
as an offer to buy or sell securities of any kind. The
newsletter picks are not to be considered a recommendation
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is possible at this or some subsequent date, the editors and
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presented. All investors should consult a qualified professional
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