Schaeffer's Upon Further Review Highlights the Following Stocks: Evergreen Solar, Wild Oats Markets, D.R. Horton, and International Paper.CINCINNATI -- Today's "Upon Further Review" from Schaeffer's Investment Research focuses on Evergreen Solar Evergreen Solar, Inc., founded in 1994,[1] develops, manufactures and markets solar power products enabled by its String Ribbon technology that provide environmentally clean electric power throughout the world. (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 :ESLR ESLR Expected Schoolwide Learning Results ESLR Equivalent Slr ), Wild Oats Markets Wild Oats Markets is the operator of natural foods stores and farmers markets in North America. The stores offer dry grocery, meat, poultry, seafood, dairy, frozen, prepared foods, bakery, vitamins and supplements, health and body care, and household items. (NASDAQ:OATS), D.R. Horton (NYSE NYSE See: New York Stock Exchange :DHI DHI see dairy herd improvement. ), and International Paper (NYSE:IP). "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. 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 . Upon Further Review: Evergreen Solar: Shares of Evergreen Solar (NASDAQ:ESLR) surged higher amid today's pullback in the broad market after the company reported a significant increase in wattage wattage the output or consumption of an electric device expressed in watts. output from its EverQ solar module for 2010. However, while today's strength amid the selling mood on the Street is impressive, the security is battling its own demons Demons See also devil; evil; ghosts; hell; spirits and spiritualism. ademonist one who denies the existence of the devil or demons. bogyism, bogeyism recognition of the existence of demons and goblins. in the 12.50 area. There are two reasons for the wall that ESLR hit quickly after rallying on the open. First, the stock's formerly supportive 10-month moving average is located in the area. This trendline has now assumed the role of captor for the shares, and is exerting its influence today. Adding to the resistance at the 12.50 area is that peak call open interest for the front three months resides at this strike. The combination of this options-related and technical resistance is trumping today's announcement from the firm, holding ESLR in check. Click the following link to see a monthly chart of ESLR since August 2005 with 10-month moving average: http://www.schaeffersresearch.com/wire?ID=16164 . Wild Oats Markets: Technical resistance has also put a halt to the advance of the shares of Wild Oats Markets (NASDAQ:OATS) . The stock surged higher this morning after being upgraded to "buy" from "hold." However, this rally came to a rather abrupt halt when the security met with descending resistance at its 20-day moving average. Lending a hand to this wall of technical trouble is long-term resistance at the 17 level, while heavy call open interest at the 17.50 level certainly isn't helping matters for the shares. However, should the shares breach this key resistance level, it could send the short sellers scrambling for cover, as more than 17 percent of OATS float is sold short. While this would be an unlikely development in today's market environment, it would still be wise to keep your eyes peeled for such a move. Click the following link to see a daily chart of OATS since March 2006 with 20-day moving average: http://www.schaeffersresearch.com/wire?ID=16164 . D.R. Horton: The housing sector has been in a tailspin tail·spin n. 1. The rapid descent of an aircraft in a steep, spiral spin. 2. Informal A loss of emotional control sometimes resulting in emotional collapse. for several months now, and D.R. Horton (NYSE:DHI) continues to take the brunt of some heavy selling as a result. Today, the stock was downgraded to "market perform" from "outperform," sending the shares plunging more than seven percent. Today's pullback has taken DHI below key long-term support at the 25 level, but it appears that the stock's decline has been halted near its rising 50-month moving average. However, barring this technical support level, sentiment is heavily 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 toward the optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op end of the spectrum. Should the stock breach this key support level, we could see an extended run lower in the shares. Click the following link to see a Monthly chart of DHI since March 2003 with 50-month moving average: http://www.schaeffersresearch.com/wire?ID=16164 . International Paper: It seems that an upgrade to "neutral weight" from "underweight Underweight An situation where a portfolio does not hold a sufficient amount of securities to satisfy the accepted benchmark of the portfolio's asset allocation strategy. Notes: " wasn't enough to inspire a buying mood for investors in International Paper (NYSE:IP). The shares were immediately rejected by overhead resistance at their 20-day moving average, pulling back to technical support in the 32.50 area. This region is also home to peak put open interest in the July series, so IP could be benefiting from a bit of options-related support on the session as well. More importantly, however, IP is currently perched on its rising 10-month moving average. The shares reclaimed this long-term trendline in November 2005, and now seem rather reluctant to give up this support without a fight. Click the following link to see a monthly chart of IP since September 2005 with 10-month moving average: http://www.schaeffersresearch.com/wire?ID=16164 . 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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