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by 10/11/2000 10:12 AM
Stocks quoted in this article:
Talbots (TLB 72-3/4) is an upscale purveyor of dressy and casual clothes for women. The firm operates almost 700 stores in the United States, Canada, and the United Kingdom. Last Thursday, TLB shares rallied almost 11 percent after announcing that same-store sales for September had climbed 24.8 percent. Since then, the stock has remained above its 10-day and 20-day moving averages, trendlines that are nearing a bullish crossover.

Today, TLB shares are rallying more than two percent after announcing a two-for-one stock split. The split will occur on November 7 for those shareholders of record on October 25.

TLB is continually ignored by the speculative crowd, as its site of heaviest open interest, the out-of-the-money November 20 put, is home to only 200 contracts.

by 10/11/2000 9:26 AM
Stocks quoted in this article:
On Tuesday, Trigon Healthcare (TGH 59-1/2) announced that its third-quarter profit from operations was 89 to 93 cents per share. The managed-care company was expected to earn 79 cents per share, according to First Call estimates. The firm was maintained a "buy" by PaineWebber Group, which also raised its 2000 and 2001 earnings-per-share estimates on TGH.

The stock revved up by more than three percent in yesterday's trading. The shares have elevated by over 25 percent since logging a near-term intraday low on September 18, using enduring support from their ascending 10-day moving average. From an intermediate-term perspective, the security has advanced by nearly 177 percent since its early October 1999 bottom.


by 10/10/2000 3:39 PM
Stocks quoted in this article:
Morgan Stanley Dean Witter (MWD 74-7/8) has led brokerage stocks lower today on rumors that a brokerage firm has suffered significant losses from junk bond positions. In late trading, MWD was down almost 12 percent. This move has taken the stock well below its 10-month moving average, but it remains above its 20-month trendline, which resides near the 66 area.

MWD's options pit is active today, particularly on the put side. The October 80 put is leading the way with almost 4,300 contracts in volume on open interest of 6,120 contracts. This is followed by volume of 2,080 and 3,222 contracts, respectively, on the October 75 and January 80 puts, which have open interest of 1,384 and 3,222, respectively.

On the call side, the October 75 call has seen 1,600 contracts cross the tape. Since this option has open interest of just 128 contracts, this activity likely represents new positions. In addition, the October 85, 90, and 100 calls have also registered volume of over 1,000 contracts each. <

by 10/10/2000 3:31 PM
Stocks quoted in this article:
The S&P Healthcare Index (HCX 854.9) is on positive ground by more than 20 points, or over two percent, in late-afternoon activity. With this accumulation, the index is poised to close at its highest level since July 12. The HCX has also retaken its 10-day moving average and is now above all of its key moving averages.

Equities leading the HCX upward today include Schering-Plough (SGP 49-3/8), up five percent; Johnson & Johnson (JNJ 94-3/4), up 3.7 percent; American Home Products (AHP 58-15/16), up 3.7 percent; Baxter International (BAX 83-15/16), up 3.3 percent; and Abbott Laboratories (ABT 49-1/8), up three percent.


by 10/10/2000 2:03 PM
Stocks quoted in this article:
Peregrine Systems (PRGN 18-3/8) makes software for the e-commerce industry. The stock has been directionless of late, moving in an oscillatory pattern since mid-May, when it reached a short-term bottom around the 15 mark. PRGN recently turned higher after encountering this region last week.

This morning, it hit the wires that the company's financial chief will be taking a health-based sabbatical. The reigns will be held by someone who is second-in-command in the company's finance department.

On the news of this shake-up, the stock turned lower and is presently trading over 3.5 percent to the downside. Additionally, PRGN is seeing notable activity in its options pit. Nearly 4,400 contracts have traded on the October 20 call, which is presently home to 2,164 contracts. This suggests that at least half of today's volume should translate into new open interest. This is among the most-active calls trading on the AMEX. <

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