SKYW - SkyWest Inc. $54.50 +1.00 (+1.75)

SkyWest flys to a new high after announcing a 2-for-1 stock split on Wednesday. The airline operates regional airlines in the United States and offers scheduled passenger and airfreight service with to 63 cities in 13 western states and Canada. In late October, the company reported record earnings for the quarter. On Wednesday, the Board of Directors rewarded their shareholders by announcing a 2:1 stock split. The effective paydate for the split is December 15th. This will make the third stock split SKYW has announced in its operating history. On Thursday, the news was well received despite a rocky day of trading in the market, as the SKYW achieved a new 52-week high of $54.63. The combination of the split announcement and the upcoming holiday season leads us to believe that more upside is possible. Additionally, once the current election issue is resolved, perhaps the market can resume a bullish trend going into the new year. As of Thursday's close, we see support for SKYW at the 5-dma of $53.56 then at the 20-dma of $50.10. Resistance will be the intra-day high of $54.63. We will post a stop loss at $50.00 in the event of an unexpected turn.

Picked on November 9th @ $54.50 Change since picked 0.00

SYY - Sysco Corporation $53.94 +0.94 (+2.81)

Sysco Corporation is the largest food service distributor in North America, providing an inventory of 275,000 products to over 325,000 customers. SYY has benefited from the recent shift away from high-multiple P/E tech stocks to more stable consumer product stocks. Shares of SYY hit a 52-week low of $26.13 on March 8, just one day before the NASDAQ peaked. Over the past eight months, SYY rebounded as the NASDAQ trended lower. On Thursday, the company's stock hit an all-time high at $54.69 while the NASDAQ retested its lows. Last week, SYY announced a 2-for-1 split, and we feel that the stock could continue to move higher into the payable date on December 15. From a technical perspective, SYY has support at the 10-dma of $52, with additional support at the November 3 intra-day low of $50.50. Resistance is the all-time high of $54.69 and then possibly $58. We are looking for entry points on a bounce off of $52 or a breakout above $54.69 on midday volume of at least 400,000 shares. As protection, we plan to set stops at $49.50, just under the 20-dma.

Picked on November 9th @ $53.94 Change since picked +0.00