ATK - Alliant Techsystems $96.06 +2.31 (+1.00)

Today's solid market rally was likely a bounce off oversold conditions. If we can just get this election mess resolved, the overall market should be able to start its end of the year run. ATK appears poised to be one of the few stocks out there that is ready to make a run into new high ground. Both candidates have expressed a willingness to increase spending on the military. If George W. Bush becomes President, then ATK will likely enjoy a strong rally. Republicans usually favor an increase in military spending, especially after eight years of a Democratic administration. As the number one supplier of ammunition to the United States military, Alliant stands to benefit greatly should the military procure a budget increase. The rosy glow that the share price of ATK enjoyed after the Company reported solid earnings and a 3:2 split on November 2nd is beginning to dim. Therefore, we need some positive developments to get the share price moving forward again. A resolution to the election mess would certainly help. Recently, shares of ATK have been consolidating on good volume near its newly established high of $98.25. If the stock can break above this resistance, a rally to the psychologically important $100.00 mark would be likely. If the stock can close above $100.00, a more substantial rally could ensue. The 10-DMA has been providing very good support, and it currently stands at $93.50. We would be very cautious if the stock dropped below this support. We are maintaining our original stop of $88.00. We will be raising this stop if ATK can make a convincing new high. Indicators such as the MACD and OBV remain positive. The RSI is indicating that there is still a little profit taking pressure. If the stock can hold on, we could see a rally into the November 27th split date. As always, we plan to exit this position right before the stock split. Otherwise, we will exit via our stops. You can find our trailing stop suggestion in our In Play section.

Picked on November 5th @ $94.00 Change since picked +2.06

SKYW - SkyWest Inc. $56.94 +0.56 (+2.75)

Ladies and Gentlemen this is your Captain speaking, today we will be climbing to new 52-week high of $57.44. Perhaps investors were treated to this kind of instruction this morning, as they began trading the stock on Tuesday. On the other hand, they might have been reacting to Monday's news report from SKYW noting a 10.4 percent increase in revenue passenger miles (RPMs) for October, while available seat miles (ASMs) increased 2.3 percent compared to the same period last year. Whatever sparked investor enthusiasm, it was legitimate with trading volume soaring above the average by 400K shares. The holiday season, as everyone probably knows, is also one of the key moneymaking times for airlines. Having achieved a new level on Tuesday, we now note that resistance will be the high at $57.44. Support has now been adjusted to $56.00, the 5-dma at $55.00 and the 10-dma at $54.00. If you are considering opening a position on SKYW, please know that the company will split its stock 2:1 on December 15th. The new high/split run show good promise in the remaining weeks prior to the split. We'd look for more days of good volume and higher ground for possible entry opportunities, or use down days in the market as entries too. Watch the Dow Jones Industrial Average (INDU) and the AMEX Airline Index (XAL) for leadership when considering a new play. We will hold out stop loss at $50.00 until further notice.

Picked on November 9th @ $54.50 Change since picked +2.44

SYY - Sysco Corporation $52.00 -1.63 (-2.13)

Foodservice giant Sysco Corporation started the week in positive territory, trading as high as $54.88 on Monday morning. Unfortunately, during Monday's session, SYY announced that it had signed a letter of intent to acquire North Douglas Distributors, LTD., an independently owned foodservice distributor on Vancouver Island, British Columbia. Shares of SYY traded lower following the news, hitting an intra-day low of $53.06 before closing at $53.63 on strong volume. The stock continued to fall on Tuesday, closing below the 10-dma for the first time since October 11. Hopefully, this will turn out to be a consolidation move rather than a trend reversal as we are still one month away from the 2:1 split payable on December 15. For now, SYY has support at the 20-dma, currently at $50.75, with additional support at the $50 mark. There is resistance at Tuesday's intra-day high of $54.19 and then the all- time high of $54.94. We would like to see a bounce off of $50.75 or a breakout above $54.19 on midday volume greater than 400,000 shares before we open new positions. We are leaving our stops at $49.50 as protection.

Picked on November @ $53.94 Change since picked -1.94

UNH - UnitedHealth Group Inc. $113.31 +3.37 (+0.31)

UnitedHealth Group posted a 3% gain on Tuesday on 40%-increased volume. The company, which is one of the nation's leading diversified health and well-being companies, today released the eleventh annual UnitedHealth Group State Health Rankings at the American Public Health Association's 128th Annual Meeting in Boston. The report reveals significant improvement in Americans' relative healthiness within the past decade and ranked New Hampshire as the healthiest state. While this report certainly brought attention to UNH, we believe that Tuesday's gains were actually a combination of the market's relief rally and a pre- election celebration. The speculation continues to mount each day we draw closer to a new administration. As previously mentioned, a Republican in office would bolster the health care industry and certainly help stocks like UNH. Investor's may have been reading their tea leaves on Tuesday and were casting their votes in the form of UNH shares. UNH flirted with $115.00 in the last hour of trading only to retreat into its closing price. Resistance therefore stands at $115.00 followed by $117.00 until conquered. Support is now measured at the 5-dma at $112.08, the 10-dma at $109.47 and the 20-dma at $108.38. This is still a risky play and not for everyone. The company splits in December, so watch for a nice split run if resistance can be overcome. We will tighten our stop to $109.00 to lock in a profit on this play.

Picked on November 7th @ $108.75 Change since picked +4.56