FeedPosted Apr 5th 2011 3:40PM by Steven Mallas (RSS feed)
Filed under: D.R.Horton (DHI), Technical Analysis

D.R. Horton (
DHI) builds homes. Can it build value in your portfolio? I decided to take a brief technical look at the company's stock.
Earlier today, an item over at
TheFly highlighted a comment on D.R. Horton by Credit Suisse, one that was described as "cautious." I'll tell you, being cautious might indeed be the correct position to take in this situation. The last time I wrote about the stock was
back in the fall. The price at that point was around the $11.48 level. With less than two hours to go in today's session, I'm seeing a quote of $11.24.
Continue reading D.R. Horton: Buy or Sell?
Posted Apr 4th 2011 1:00PM by Brent Archer (RSS feed)
Filed under: Major Movement, Bad News, Apple Inc (AAPL), Sony Corp ADR (SNE), iPhone, Options, Technical Analysis
OmniVision (OVTI - option chain) stock is trading sharply lower today after Sony (SNE) CEO Howard Stringer said late Friday that his company is supplying camera components to Apple (AAPL). This could pose a threat to OVTI's AAPL business, as OVTI had been the main supplier of image sensors for the iPhone. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on OVTI.
This morning, OVTI opened at $34.06. So far today the stock has hit a high of $34.10 and a low of $32.20. As of 12:15, OVTI is trading at $33.15, down $3.04 (-8.4%). The chart for OVTI looks neutral and S&P gives OVTI a neutral 3 STARS (out of 5) hold ranking.
Continue reading Will Apple Squeeze OmniVision Out of the iPhone Business?
Posted Apr 4th 2011 9:00AM by Steven Mallas (RSS feed)
Filed under: Cisco Systems (CSCO), Technical Analysis, Technology

Cisco Systems (
CSCO) seems out of favor with the market these days. On Friday, the shares closed at $17.04. The 52-week low for the stock is $16.97, while the 52-week high is $27.74. With the company near its low point, should traders be looking at the stock?
According to
TheFly, Pacific Crest believes the valuation on the shares is attractive. And at first glance, one might be inclined to agree with such a sentiment. In fact, considering the relatively tight 52-week range, I could easily imagine the stock rising after making what could theoretically turn out to be a bottom.
Continue reading Cisco: A Buy or Sell?
Posted Mar 31st 2011 2:00PM by Brent Archer (RSS feed)
Filed under: Major Movement, Bad News, China, Options, Technical Analysis, Las Vegas Sands (LVS)

Las Vegas Sands (
LVS -
option chain) stock is trading lower today after the company said
its Hong Kong unit is under investigation by Chinese government officials for allegedly violating securities regulations. LVS did not comment further on the investigation, only saying it was asked to produce certain documents for regulators. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on LVS.
This morning, LVS opened at $41.45. So far today the stock has hit a high of $41.93 and a low of $40.70. As of 12:55, LVS is trading at $41.75, down $1.72 (-4.0%). The chart for LVS looks bullish and
S&P gives LVS a positive 4 STARS (out of 5) buy ranking.
Continue reading Las Vegas Sands Drops on Securities Investigation in Hong Kong
Posted Mar 25th 2011 5:30PM by Steven Mallas (RSS feed)
Filed under: Analyst Upgrades and Downgrades, Walt Disney (DIS), Technical Analysis

What a day for IMAX (
IMAX), huh? Actually, make that a couple days. At the time of this writing, shares of the 3D-theater entity were up 5.7% to $31.70. Volume was very significant (and there still were over two hours to go until the end of the trading day). On Thursday, the stock closed with an incredible gain. What's going on?
Well, I'm assuming a deal in China, as mentioned over at
TheFly, helped to catalyze the bullish reaction by the market. In addition, our
Analyst Calls piece highlights an upgrade that was sent the company's way. Are you ready to get on the IMAX bandwagon?
Continue reading Thoughts on IMAX
Posted Mar 25th 2011 1:30PM by Brent Archer (RSS feed)
Filed under: Major Movement, Earnings Reports, Options, Technical Analysis
Accenture (ACN - option chain) shares are rising after the company reported Q2 2011 earnings Thursday night, posting a profit of $503.1 million, or 75 cents per share, on revenue of $6.49 billion. Analysts had forecast a profit of 71 cents per share on revenue of $5.73 billion. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on ACN.
ACN opened Friday morning at $56.47. In morning trading, the stock hit a low of $54.40 and a new 52-week high of $56.78. As of 12:25, ACN was trading at $54.91 up 2.95 (5.7%). The chart for ACN looks bullish and S&P gives ACN a positive 4 STARS (out of 5) buy ranking.
Continue reading Accenture's Q2 Earnings Beat Estimates
Posted Mar 23rd 2011 7:20PM by Elizabeth Harrow (RSS feed)
Filed under: Earnings Reports, Best Buy (BBY), Options, Technical Analysis
Best Buy (BBY) is scheduled to unveil its fourth-quarter results Thursday morning, with analysts anticipating a profit of $1.85 per share -- little changed from the big box retailer's year-ago earnings of $1.82 per share. Best Buy has been hot-and-cold on the earnings front; during the past four quarters, the company has topped consensus bottom-line estimates twice, and fallen short on two other occasions.
Ahead of the quarterly report, one options player built a bullishly biased spread on BBY. Right after the opening bell Wednesday morning, the trader purchased 358 April 32 calls, and simultaneously sold 716 April 35 calls. In other words, two April 35 calls were sold for every one purchased April 32 call. This strategy is known as a ratio call spread, and it's typically used by traders who are bullish on the underlying equity -- but with a very specific upside target in mind.
Continue reading Best Buy Singled Out for a Ratio Call Spread Ahead of Earnings
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