BLDP - Ballard Power Systems Inc. $96.06 +4.31 (-1.94)

Ballard Powers Systems flirted with the century mark on Thursday. The Canadian alternative power company posted a 5% gain for the day on lower than average volume of 264 thousand shares. This company normally trades 375 thousand shares per day and with the big rally we are surprised to see such low volume. Investor enthusiasm may be waning as the stock nears the psychological century mark and with the earnings just days away. As a reminder BLDP is scheduled to report earnings on November 1st. At its present price, BLDP could see resistance at the 20-dma of $100, followed by the 50-dma of $101.15. Support is noted at $90.00 and the 200-dma at $87.92. If you are considering opening a new play on BLDP, look for a continuation of the present rally marked by a 1% or better follow through to occur in one of the Nasdaq Composite Index (COMPX). A sharp bounce off a support level if immediately followed by good volume could offer a nice entry point. We will keep our stop loss in place at $87.00. Look for any adjustments to this at our IN PLAY section.

Picked on October 15th @ $98.00 Change since picked -1.94

DVN - Devon Energy Corporation $59.45 -1.55 (-2.62)

A 30-year history of accretive acquisitions has kept earnings and oil reserves at Devon on a steady climb. Currently, the company's proven oil and gas reserves total 1.1 billion energy equivalent barrels, 100 times more than at year-end 1990. For our play, DVN shares have continued to give back gains, as tensions in the Middle East continue to ease. Much of this recent weakness has been reflected in the AMEX Oil Index (XOI), which over the past five trading sessions has fallen nearly 6% from its high. Still, it's important to remember that the price of oil remains vulnerable to any future clashes in the Mid-East. For support, the 50-dma of $58.93 has proven to hold significant historical support and could be the final foothold ahead of our stop at $58. A sharp reversal from support that comes on good volume, will present a lower-risk entry point. However, use strength/weakness in the XOI to target entry/exit points.

Picked on October 12th @ $64.00 Change since picked -4.55

IGT - International Game Technology $36.44 -0.38 (+2.69)

Computerized casino game manufacturer, International Game Technology is gaining momentum. On Wednesday, the stock traded up through resistance to an intra-day high of $37.06 on two times average daily volume. Shares of IGT hit a 52-week high of $37.50 on Thursday but ended the day in negative territory on light volume and a bit of profit-taking. The company has pre-announced an earnings surprise for the current quarter but a potential split announcement should drive IGT higher as we move closer to its formal earnings report, scheduled to be released before the bell on November 7. Going forward, IGT has support at the October 10 intra-day high of $35.88, with stronger support at the 5-dma of $35.25. Resistance has moved up to the 52-week high of $37.50 and then the $40 mark. We would like to see a bounce off of $35.88 or a breakout above $37.50 on midday volume of at least 400,000 shares before we open new positions. Our stops are unchanged at $32.50.

Picked on October 10th @ $34.88 Change since picked +1.56

TRMS - Trimeris Inc. $74.13 +1.75 (+6.44)

Trimeris, a biopharmaceutical research and development company, is flirting with its all-time high. On Wednesday, shares of TRMS hit an intra-day high of $75 after testing support at the 5-dma earlier in the day. The stock gapped up to $74.69 Thursday morning on the heels of a NASDAQ futures rally. However, a wave of selling hit the biotech sector, putting mild pressure on TRMS later in the session. The only negative factor is the daily volume, which has declined as the TRMS moves closer to its all-time high. The volume situation should improve as we approach the Company's earnings report on November 2 before the bell. We are anticipating a split announcement to come with the earnings release. In the meantime, support is the 5-dma of $71, with additional support at the 10-dma of$68.31. Resistance is now up to the all-time high of $75.63 and then $80. Traders could consider new plays on a bounce off $71 or a move above $75.63 on volume greater than 75,000 shares by midday. Our stops are holding steady at $66 to limit losses.

Picked on October 17th @ $70.63 Change since picked +3.50