Schaeffer's Street Chatter Highlights the Following Stocks: Yahoo!, eBay, Lowe's Companies, and Regions Financial.CINCINNATI -- Today's "Street Chatter" from Schaeffer's Investment Research focuses on: Yahoo! (NASDAQ NASDAQ 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 :YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ), eBay (NASDAQ:EBAY), Lowe's Companies (NYSE NYSE See: New York Stock Exchange :LOW), and Regions Financial (NYSE:RF). "Street Chatter" is a report that analyzes newsworthy 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: Lowe's Companies: Lowe's Companies (NYSE:LOW) has attracted some buying momentum today after announcing a two-for-one stock split and boosting its quarterly dividend payout by 67 percent to 10 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. (pre-split levels). After being as much as 2.6 percent higher earlier today, LOW is up 1.7 percent in mid-afternoon trading. The stock has been in decline mode since peaking in February but has remained solidly above the 60 mark, a site of former resistance on the shares from late 2003 through mid-2005. Levels of significance resistance can often reverse roles and begin to provide support. LOW is also trading above its 20-month moving average but is beneath its 10-month trendline, which recently reversed into a downtrend downtrend A series of price declines in a security or the general market. Many analysts feel that investors should avoid securities in a downtrend until the pattern is broken. Compare uptrend. . On the sentiment front, options players have not been more bullishly aligned during the past year; the stock's Schaeffer's put/call open interest ratio (SOIR SOIR Schaeffer's Put/Call Open Interest Ratio SOIR Simultaneous Operations on Intersecting Runways ) of 0.32 stands at an annual low. What's more, the dominant force in the June and July options series is the out-of-the-money July 70 call, home to more than 13,500 open positions. This threshold could prove to offer options-related resistance over the intermediate term. Click the following link to see a Monthly Chart of LOW since September 2003 with 10-Month and 20-Month Moving Averages: http://www.schaeffersresearch.com/wire?ID=16093 Regions Financial: Regions Financial (NYSE:RF) is in the news today after announcing a $9.8 billion merger deal with AmSouth Bancorp (ASO ASO arteriosclerosis obliterans. ASO 1 Administrative services organization, see there 2 Allele-specific–oligonucleotide hybridization 3 Anti-streptolysin O, see there ). RF shares rallied higher out of the gate but have steadily declined throughout the session and are at their intraday low, down more than two percent. The long-term trend in RF remains skewed skewed curve of a usually unimodal distribution with one tail drawn out more than the other and the median will lie above or below the mean. skewed Epidemiology adjective Referring to an asymmetrical distribution of a population or of data higher, but the stock may be struggling with the 37 level, which was the equity's all-time high, reached in April 1998. Should the security regain its footing and resume its uptrend, we could see a short squeeze Short Squeeze A situation in which a lack of supply and an excess demand for a traded stock forces the price upward. Notes: Short squeezes occur more often in smaller cap stocks with small floats. develop, as the security currently boasts a short-interest ratio short-interest ratio A ratio that is used for market analysis and is calculated by dividing short interest by average daily volume. Technicians use the short-interest ratio as a tool to determine market direction. of nearly seven days to cover. Click the following link to see a Monthly chart of RF since September 1997: http://www.schaeffersresearch.com/wire?ID=16093 Yahoo!: One of the big stories in the tech market today is the agreement between Yahoo! (NASDAQ:YHOO) and online auctioneering giant eBay (NASDAQ:EBAY). Under the partnership, YHOO will act as the exclusive third-party provider of graphical advertising on EBAY. In turn, eBay's PayPal unit will act as the exclusive payment system for YHOO sites. EBAY has charged nearly nine percent higher today, while YHOO has rallied nearly four percent. This move has taken YHOO through the 32.50 strike, site of heaviest call open interest in the front-month series. The equity isn't out of the woods just yet, however, as calls are heavy on the July 35 call, where more than 43,500 open contracts currently reside. Also, YHOO continues to trade below its 10-month and 20-month moving averages, which themselves just completed a bearish Bearish Words used to describe investor attitude. A bearish investor believes that a particular asset or the market as a whole will decline in value. bearish crossover. For in-depth analysis of eBay, please refer to Mark Fightmaster's Options Update (http://www.schaeffersresearch.com/commentary/observations.aspx? ID=16089) (Due to its length, this URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. may need to be copied/pasted into your Internet browser's address field.Remove the extra space if one exists.), published earlier today. Click the following link to see a Monthly Chart of YHOO since January 2004 with 10-Month and 20-Month Moving Averages: http://www.schaeffersresearch.com/wire?ID=16093 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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