Schaeffer's Street Chatter Highlights the Following Stocks: Teva Pharmaceutical Industries, H.J. Heinz, Bankrate, and Pacific Ethanol.

CINCINNATI -- Today's "Street Chatter" from Schaeffer's Investment Research focuses on: Teva Pharmaceutical Industries (NASDAQ:TEVA), H.J. Heinz (NYSE:HNZ), Bankrate (NASDAQ:RATE), and Pacific Ethanol (NASDAQ:PEIX). "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.

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Street Chatter:

Teva Pharmaceutical Industries: FDA approval usually earns a nice pop higher for a stock. So, what happened to Teva Pharmaceutical Industries (NASDAQ:TEVA)? The shares were stopped sharply by resistance at their declining 10-day moving average and have proceeded to roll over as they struggle to hang onto a one-percent gain. The stock has not logged a daily close above this trendline since the equity gapped lower on May 10. The security has also been in decline mode since mid-December. Expectations are rather high for the shares. The stock's Schaeffer's put/call open interest ratio sits in the third percentile, and peak put open interest in the June series rests at the deep in-the-money 40 strike. The lack of out-of-the-money put open interest indicates that investors don't think the shares have much downside risk. With the security failing to bank any serious gains on a positive FDA announcement, I'd say the downside risk for TEVA is pretty good.

Click the following link to see a Daily Chart of TEVA since May 2006 with 10-Day Moving Average: http://www.schaeffersresearch.com/wire?ID=16068

H.J. Heinz: H.J. Heinz (NYSE:HNZ) is slowly sneaking onto the radars of traders after a lengthy sideways trend. The stock has tagged a new annual high today, helped by news from a Cayman Islands hedge fund that the company has a new "action plan." However, the shares have been on the rise during the past several months and are currently up more than 27 percent on a year-to-date basis. The security is also poised to break above resistance at the 33 level, which has capped the stock on a monthly closing basis since November 1999. With short interest for HNZ sitting at a multi-year high, the equity has the potential to climb even higher. As the stock continues to gain ground, these bears could be squeezed out of their short positions.

Click the following link to see a Monthly chart of HNZ since July 1999: http://www.schaeffersresearch.com/wire?ID=16068

Bankrate and Pacific Ethanol: Bankrate (NASDAQ:RATE) and Pacific Ethanol (NASDAQ:PEIX) caught my attention today as both securities are bouncing off support at their ascending 80-day moving averages. These rallies could gain momentum as more technical players jump on their stocks.

Click the following link to see a Daily Chart of RATE since January 2006 with 80-Day Moving Average: http://www.schaeffersresearch.com/wire?ID=16068

Click the following link to see a Daily Chart of PEIX since January 2006 with 80-Day Moving Average: http://www.schaeffersresearch.com/wire?ID=16068

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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.