Schaeffer's Upon Further Review Highlights the Following Stocks: Eagle Materials, eBay, and McDonald's.CINCINNATI -- Today's "Upon Further Review" from Schaeffer's Investment Research focuses on Eagle Materials (NYSE NYSE See: New York Stock Exchange :EXP), eBay (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 :EBAY), and McDonald's (NYSE:MCD MCD Minor Civil Division MCD McDonalds (restaurant) Mcd Macedonian (linguistics) MCD Municipal Corporation of Delhi MCD Magnetic Circular Dichroism MCD Mad Cow Disease ). "Upon Further Review" 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 Wall Street. "Upon Further Review" is published on www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research. Take advantage of the timely Schaeffer commentaries by signing up for 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=PRSC PRSC Partido Reformista Social Cristiano (Spanish: Social Christian Reformist Party) PRSC Post-Removal Site Control PRSC Program Resources Steering Council 12M&PAGE=1 Upon Further Review: Eagle Materials: Last night, Eagle Materials (NYSE:EXP) announced first-quarter earnings of 64 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. , matching the consensus estimate. The shares are up more than six percent in trading this afternoon, with a little help most likely coming from short covering. While the number of EXP shares sold short plunged 20 percent in July, more than 10 percent of the security's float is still sold short. Meanwhile, today's rally has brought the equity back into contention with former resistance at the 40 level. This round-number level has served as both resistance and support in the past for the shares and could once again reject EXP. What's more, the 40 level is home to the stock's 80-week moving average, adding yet another layer of resistance to this region. Click the following link to see a Weekly Chart of EXP since April 2005 with 80-Week Moving Average: http://www.schaeffersresearch.com/wire?ID=16991 eBay : O' how the mighty have fallen! eBay (NASDAQ:EBAY) has dropped nearly 43 percent since the beginning of 2006 and is currently battling resistance at the 25 level. This area could prove to be an ugly sticking The ugly stick is a traditional Newfoundland musical instrument fashioned out of household and tool shed items, typically a mop handle with bottle caps, tin cans, small bells and other noise makers. The instrument is played with a drum stick and has a distinctive sound. point for the shares during the next several weeks as investors load up on near-term options at this strike. In fact, the August 25 call is the site of peak front-month call open interest with more than 26,600 contracts. Of course, the August 25 put is no slouch slouch v. slouched, slouch·ing, slouch·es v.intr. 1. To sit, stand, or walk with an awkward, drooping, excessively relaxed posture. 2. To droop or hang carelessly, as a hat. v. , with open interest of 19,000 contracts. However, with the obvious skew (1) The misalignment of a document or punch card in the feed tray or hopper that prohibits it from being scanned or read properly. (2) In facsimile, the difference in rectangularity between the received and transmitted page. toward the call side, it's easy to see that most investors are not looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a sharp decline in the shares, but most likely, a rebound. From a contrarian perspective, this combination of lingering lin·ger v. lin·gered, lin·ger·ing, lin·gers v.intr. 1. To be slow in leaving, especially out of reluctance; tarry. See Synonyms at stay1. 2. optimism in the face of the stock's extremely weak technical performance has 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 implications for the shares. Click the following link to see a Weekly Chart of EBAY since March 2003: http://www.schaeffersresearch.com/wire?ID=16991 McDonald's: This morning, McDonald's (NYSE:MCD) posted quarterly earnings of 67 cents per share, thumping the consensus estimate of 58 cents per share. The shares gapped higher on the open, but have quickly retreated and are now under resistance at the 35 level once again. This region has hindered the equity's rally attempts since September 2005. What's more, this strike is the site of peak August call open interest, with more than 13,300 contracts. With the stock failing to take out long-term resistance on strong earnings news, it appears that MCD may face some additional losses. Click the following link to see a Weekly Chart of MCD since May 2004: http://www.schaeffersresearch.com/wire?ID=16991 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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