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by 2/13/2001 11:10 AM
Stocks quoted in this article:
Williams-Sonoma (WSM – 27.85) is a retailer of fine cookware and home furnishings. The company is the parent of Pottery Barn and Hold Everything, as well as its flagship Williams-Sonoma brand. Last night, the firm announced the resignation of its chairman and CEO and the subsequent appointment of others to fill these roles. This morning, the company was upgraded by Bank of America, which boosted its rating on the shares to a "strong buy" from a "market perform."

The equity is subsequently trading more than 11 percent in the black. This has carried the stock above the 27 level for the first time since early October. Still looming overhead, however, is the security's 10-month moving average, perched around the 28 mark. WSM has not managed a monthly close above this long-term trendline since September. <
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by 2/13/2001 10:46 AM
Stocks quoted in this article:
First Republic Bank (FRC – 33.70) operates branches in California, Nevada, and New York. Since the beginning of 2001, the shares have been consolidating sideways in a range between the 33 and 35.50 levels. This has taken the equity headlong into its ascending 10-week moving average. This trendline has supported all but three weekly closes in FRC shares since early June last year.

This morning, FRC announced a three-for-two stock split that will be paid on or around March 22 to shareholders of record by February 28. The stock is trading marginally higher on the news. FRC is not an optionable equity.
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by 2/13/2001 9:20 AM
Stocks quoted in this article:
Phototronics (PLAB – 31-11/16) shares experienced a huge run up during the month of January, bringing them back up to last April's levels. More recently, the company, whose photomasks are used in the production of semiconductor chips, has seen its shares pull back.

PLAB released fiscal first-quarter earnings after the market closed last night. The company presented diluted earnings per share of 28 cents, versus 13 cents for the same quarter last year. This was three cents ahead of estimates. Sales rose 36 percent over the previous year. Wall Street also seems happy with comments from PLAB citing strong demand and expansion in the Asian and European marketplaces. Consequently, PLAB shares are trading up over two points in pre-market action. <
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by 2/13/2001 9:04 AM
Stocks quoted in this article:
Cytec (CYTC - 59-5/16) is a maker of medical diagnostic applications. The stock has weathered the storm in the market of the past six months nicely. This period has been resolved in a consolidation to its rising 20-week moving average. Option activity on this name is usually neglible, however there was some block activity on the May 75 call yesterday. A 1,000-contract block trade changed hands between the bid and ask at 3-1/2.
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by 2/13/2001 9:02 AM
Stocks quoted in this article:
The S&P Retail Index (RLX - 890.7) bounded back in yesterday's trading. The group added 3.7 percent in yesterday's trading, finding support from its 10-week moving average. The index has used this moving average for support a number of times over the past two months. The RLX has now added 27 percent since its October low during what looks suspiciously like an uptrend. The next key level for the RLX is 900. The level has provided resistance for the group on several occasions over the past year.
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