PLAY > New Plays	Sunday, February 04, 2001

	New Split Plays   New Candidate Plays   New Momentum Plays
(We update our stop losses daily at the CURRENT PLAYS page.)

New Split Plays

WWY - William Wrigley Jr. Company $88.12 (+1.43)

William Wrigley Jr. (NYSE:WWY) isn't just blowing bubbles when it says that it owns 50% of the U.S. chewing gum market. The company is the world's largest manufacturer and seller of chewing gum and specialty gums. Wrigley's principal products include Wrigley's Spearmint, Doublemint, Juicy Fruit, Big Red, and Extra. Aside from WWY's steady earnings history, we feel that the chart may have just completed a rounded bottom formation off good support. What's more, the company announced a 2:1 stock split on January 23rd, which could help to generate extra buying ahead of the payable date of February 28th. Is this sounding familiar yet? It certainly does to us, so lets point out a few of the important support and resistance levels for entry timing. First, for resistance we'll look for a close above Friday's intraday high of $88.45 to set the stage for a breakout. Should this occur, we will expect the next challenge to arise just higher at the 20-dma of $88.75. A much more difficult test will occur at the 50-dma of $89.82, which has been confirmed as an important level from the stocks recent history. Look for entry points when WWY can exceed resistance on good daily volume of 295,954 shares or better. Next, for support we'll anticipate the convergence of the 5 and 10-dma's at $87.61 and $87.48 to hold the initial support base. Secondary support should crop up at $86, bolstered by previous lows. Look for entries to develop from support when WWY bounces sharply off these levels on mid-day volume of 150,000 or more. We recommend placing stops at $85 to protect our backside. We ill plan our exit strategies ahead of the February 28th payable date, as per our normal policy.

Picked on February 4th @ $88.12 Change since picked 0.00 Stop Loss @ $85.00
Interactive Chart	Quote	News	Zacks on WWY

New Candidate Plays

None

New Momentum Plays

LMT - Lockheed Martin Corp. $36.40 (+1.52))

Lockheed Martin Corporation builds a wide variety of aerospace products including missiles, aerospace electronics, commercial and government satellites, and tactical aircraft. The company also offers aeronautical research and development. Shares of LMT had a nice run last year after hitting a 52-week low of $16.50 on March 15th. The stock traded to a 52-week high of $37.58 on October 23rd, representing a 127% gain in just over six months. Since then, LMT has been consolidating in the $30-$35 range. On Thursday, the stock broke out of its inverse head and shoulders formation on 2 times average daily volume. There was solid follow-through on Friday as the stock traded to an intra-day high of $37.50 on heavy volume of 2.57 million shares. We believe that LMT has strong momentum that should be able to push the stock higher. From a technical perspective, support is the 5-dma at $35.42 with additional support at $34.47, the 10-dma. There is resistance at the 52-week high of $37.58, and then the $40 mark. Traders may consider entry points on a bounce off of $35.42 or a breakout above $37.58 on volume greater than 700,000 shares by midday. We plan to set stops at $33 as downside protection.

Picked on February 4th @ $36.40 Change since picked 0.00 Stop Loss @ $33.00
Interactive Chart	Quote	News	Zacks on LMT