Schaeffer's Upon Further Review Highlights the Following Stocks: Aeropostale, Sun Microsystems, and Target.

CINCINNATI -- Today's "Upon Further Review" from Schaeffer's Investment Research focuses on Aeropostale (NYSE:ARO), Sun Microsystems (NASDAQ:SUNW), and Target (NYSE:TGT). "Upon Further Review" is a report that analyzes newsworthy stocks that are generating a lot of attention on Wall Street. "Upon Further Review" is published on www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research.

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Upon Further Review:

Aeropostale: Aeropostale (NYSE:ARO) appears to be enjoying the benefits of strong technical support and a little short covering today. The company posted May same-store sales that missed the consensus estimate and yet the shares were up more than seven percent in early trading today. The equity is in the process of rebounding off former support/resistance at the 24 level. Furthermore, short sellers are feeling a little squeezed today and could be compelled to buy back some of their bearish bets. As of the May short-interest report from the NYSE, roughly 3.7 million ARO shares were sold short, accounting for nearly seven percent of the stock's total float. A rush to close out these bearish bets in an effort to stem their losses could be adding some lift to the shares today.

Click the following link to see a daily chart of ARO since October 2005: http://www.schaeffersresearch.com/wire?ID=16130 .

Sun Microsystems: Usually, the announcement of job cuts in an effort to turn around a company's fundamental picture helps to lift a stock. Such is not the case for Sun Microsystems (NASDAQ:SUNW). At last check, SUNW was down more than five percent after it announced that it was trimming its workforce between 4,000 and 5,000 employees. However, today's pullback looks like sellers are back in control of the shares. The stock gained nearly eight percent during the previous five trading sessions, but its recent rally was neatly capped by resistance at its 20-day moving average, indicating that SUNW's burst of strength has run out of steam. Furthermore, call open interest easily outnumbers put open interest on SUNW, showing that expectations for the shares are still rather high. Look for SUNW to pull back to former support in the 4.20-4.30 region as the bulls unload their long positions in the face of increased selling pressure in hopes of finding greener pastures.

Click the following link to see a daily chart of SUNW since November 2005 with 20-day moving average: http://www.schaeffersresearch.com/wire?ID=16130 .

Target: Target (NYSE:TGT) is the victim of some staunch technical resistance today. The retailer reported strong May same-store sales that beat the Street estimate, while rival Wal-Mart Stores missed the consensus forecast yesterday and complained about the pinch of rising gas prices. You would expect TGT to rally today. And it did; straight into resistance at the 50 level. The round-number level promptly halted the stock's gains, which isn't too surprising considering that round-number levels are often reluctant to fall when approached by a stock. However, adding another layer of resistance to this region is that fact that the equity gapped to 50 on May 15 and has yet to successfully tackle this level.

Click the following link to see a daily chart of TGT since December 2005: http://www.schaeffersresearch.com/wire?ID=16130 .

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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 .