MTZ - MasTec $66.38 +2.06 (-10.18)

A split sure has been a long time in coming for the patient shareholders of this communications infrastructure entity. The last split was all the way back in 1972. The Board of Directors has seen fit to finally split the stock again. The 3:2 was announced last week and will be payable June 19th. Increasing the odds that we may land a trophy with this bottom fishing play was an upgrade from Deutsche Banc Alex Brown to Strong Buy from Buy. This news item certainly helped the stock stay comfortably positive when so many technology companies fell apart into the close. Yesterday was particularly ugly for the shares of MTZ technically. The spike down on high volume could prove to be a final capitulation. As with all bottom fishing plays this one is very aggressive and not for everybody. Surprisingly though, this is a tech stock with good fundamentals and a P/E in the thirties. The MACD is very negative but could also be signifying a bottom. RSI is touching upon oversold levels. OBV is also beginning to rollover. Some of you may wish to make sure that the stock can successfully retest yesterday's low at $59.25 before going long. Otherwise, more aggressive traders can go long on some continued bounce momentum, which may top out at the 10-DMA of $76.00. The 50-DMA should also provide resistance at $77.25. We will exit this position before the split.

Picked on May 25th @ $66.38 Change since picked +0.00

VSH - Vishay Intertechnology $69.18 -2.81 (-17.82)

Never make investment decisions based on emotions. It would be easy to allow emotions to affect your judgement with Vishay. On Wednesday the stock traded as low as $58.50 and as high as $75. As noted we were stopped out of this play at $66.88, and now we are adding VSH back to our list. The company felt so strongly about the recent decline in their stock price, that the CEO Dr. Felix Zandman made a statement and was baffled why the price of their shares had declined as of late, especially since looking forward they expect to beat earnings estimates. Vishay Intertechnology is a Fortune 1000 company and is the largest U.S. and European manufacturer of passive electronic components such as resistors, capacitors, diodes and inductors. We are reinitiating VSH as we feel that despite being swung out of this on Wednesday, the stock is now holding at the important 50-dma level, which will now serve as support. Trading volume in VSH has been big the last two days. Wednesday saw over 6 million shares exchange hands and Thursday brought 2.3 million shares. Average volume is about 1.3 million. VSH is scheduled for their first stock split in just a couple weeks on June 9th. If the broader markets can cooperate, we may see VSH revisit the former high of $94.00, set on 5/18. Short-term, we see resistance at the 5-dma at $77.75 and then the 20-dma at $79.50. Use a bounce off the 50-dma on good volume as a possible entry point. Take your profits quickly when they become available. Friday may see lackluster trading due to the long weekend. You may be wise to wait until Tuesday before taking a position in this play.

Picked on May 25th @ $69.18 Change since picked 0.00