Schaeffer's Street Chatter Highlights the Following Stocks: Sirius Satellite Radio, Circuit City Stores, and Hewlett-Packard.CINCINNATI -- Today's "Street Chatter" from Schaeffer's Investment Research focuses on: Sirius Satellite Radio
in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :SIRI), Circuit City Stores (NYSE NYSE See: New York Stock Exchange :CC), and Hewlett-Packard (NYSE:HPQ HPQ Hewlett-Packard Corporation (NYSE) HPQ High Priority Queue ). "Street Chatter" is a report that analyzes newsworthy news·wor·thy adj. news·wor·thi·er, news·wor·thi·est Of sufficient interest or importance to the public to warrant reporting in the media. news stocks that are generating a lot of attention on Internet message boards. "Street Chatter" is published on www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research. For additional information about this report or to have it delivered to you free via email every day click on the following link: http://www.schaeffersresearch.com/redirect.aspx?CODE=PRSC PRSC Partido Reformista Social Cristiano (Spanish: Social Christian Reformist Party) PRSC Post-Removal Site Control PRSC Program Resources Steering Council 12M&PAGE=1 Street Chatter: Sirius Satellite Radio: Sirius Satellite Radio (NASDAQ:SIRI) nearly found itself in serious trouble yesterday. Shares of the out-of-this-world radio firm slipped sharply toward the four level shortly after the open, but promptly rebounded higher. Providing the impetus for this resurgence is long-term support at the four level and a hefty buildup build·up also build-up n. 1. The act or process of amassing or increasing: a military buildup; a buildup of tension during the strike. 2. in put activity in the May and June series of options. While the four strike is not the home of peak put open interest for this period, the more than 19,000 puts accumulated at the strike are certainly nothing to shake a stick at. That said, SIRI is not out of the woods yet, as its declining 10-day moving average could still provide quite an obstacle to overcome. Click the following link to see an Intraday Intraday Another way of saying "within the day." Notes: This term is often used for the new highs and lows of a security. For example, "a new intraday high" means a security reached a new all-time high throughout the trading day, but then fell by closing. Chart of SIRI: http://www.schaeffersresearch.com/wire?ID=16033 Circuit City Stores: The shares of Circuit City Stores (NYSE:CC) accelerated sharply to the upside Upside The potential dollar amount by which the market or a stock could rise. Notes: This is basically an educated guess on how high a stock could go in the near future. See also: Bull, Downside yesterday morning following the firm's reiteration reiteration in eukaryotes, multiple copies of certain relatively short nucleotide sequences that are repeated from a few times to millions of times; three classes are defined, single copy, moderately reiterated and highly reiterated; some occur as inverted repeats. of its sales expectations for 2007. While the news allowed the initial upside move, it appears that breaching peak call open interest for the front three months of options at the 30 level provided the additional fuel for CC to rally even higher. On intraday chart, you can see that the shares stalled for a bit after tagging the 30 region, but following the breach, CC rallied quite sharply higher. Following that breach, the stock pulled back a bit, mainly due to weakness in the broader market. Click the following link to see an Intraday chart of CC: http://www.schaeffersresearch.com/wire?ID=1603 Hewlett-Packard: Hewlett-Packard (NYSE:HPQ) may have surged out of the gate yesterday following a solid earnings report, but the stock's advance was hampered by two factors. First, the security was immediately rejected by overhead resistance at its declining 10-day moving average. Following this rejection, HPQ retreated back below peak call open interest for the front three months at the 32.50 level. This tandem resistance could keep the stock lower and potentially hinder hin·der 1 v. hin·dered, hin·der·ing, hin·ders v.tr. 1. To be or get in the way of. 2. To obstruct or delay the progress of. v.intr. HPQ's advance for sessions to come. Click the following link to see an Intraday chart of HPQ: http://www.schaeffersresearch.com/wire?ID=16033 The best way to take advantage of the timely Schaeffer commentaries is to sign up to receive their free e-newsletters -- Opening View, Market Recap and Monday Morning Outlook. Click here to have the Schaeffer's commentaries delivered to you free via email every day. http://www.schaeffersresearch.com/redirect.aspx?CODE=PRSC12M&PAGE=1 About Schaeffer's Investment Research (www.SchaeffersResearch.com) Schaeffer's Investment Research, founded by Bernie Schaeffer in 1981, is a financial information and trading resources company. It publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription newsletter. The firm's contrarian approach focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm's website, http://www.SchaeffersResearch.com, is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's. Click here for more details about Schaeffer's trading methodology: http://www.SchaeffersResearch.com/method |
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