ATK - Alliant Techsystems $98.50 (+3.44)

Alliant is the #1 supplier of ammunition to the United States military. The Company also has an Aerospace subsidiary, which designs and produces rocket propulsion systems for space launch vehicles. In addition, Alliant has a defense systems division that makes weapon systems, electronics, warheads and other defense systems. Alliant is one company that is hoping that the Florida election results will finally declare George W. Bush the winner. Bush has pledged to boost military spending. Although, it could be a win-win situation for Alliant because Al Gore has also pledged to increase military spending should he become President. With $1.72 in profits announced on November 2nd, Alliant beat the consensus estimates by two pennies. Alliant further rewarded its shareholders with a 3:2 split announcement. The split will be paid on November 27th. There were only 57 new highs on the NYSE on Friday. Not only did Alliant establish a new high; it actually closed on its high. Momentum investors perusing their charts this weekend will likely set their scopes on ATK early next week. Alliant has been in the midst of a solid uptrend that has been confirmed by a rising MACD. Money Flow improved last week and the OBV is still solid but we would like to see an increase in volume if the stock continues to new highs. The RSI tells us that there is some risk, as this indicator is hovering right around the overbought level. We are raising our stop to $95.38 in accordance with our recent strategy of locking in profits within a volatile market. The new stop is located just below the 5-DMA of $96.06, which should provide short-term support. If we are not stopped out, we intend to exit this position just before the split becomes payable on November 27th. Please visit our In Play section for a list of all our up to date stop suggestions.

Picked on November 5th @ $94.00 Change since picked +4.50

SYY - Sysco Corporation $52.69 (-1.44)

Sysco Corporation offers a line of 275,000 food products to the foodservice industry. Shares of SYY traded to an intra-day high of $54.63 on Friday morning. However, the stock could not break through resistance due to a weak market. SYY closed the session with a $1.50 loss on strong volume. The stock has spent the last two weeks trading in a tight range as the broader market searches for direction. We expect SYY to break out of this range as we move closer to the 2:1 split, payable on December 15. In the meantime, support has come down to the 20-dma at $51.69 with additional support at the $50 mark. There is resistance at the 10-dma, currently up to $53.19 and then $55, just above the all-time high. We plan to open new positions on a bounce off of $51.69 or a move above $53.19 on midday volume greater than 400,000 shares. We are keeping our stops at $49.50 to limit losses.

Picked on November 9th @ $53.94 Change since picked -1.25

UNH - UnitedHealth Group Inc. $115.44 (+2.44)

Friday marked the fourth day in a row that shares of UnitedHealth Group climbed to a new 52-week high on good volume. UNH has held up well under the blanket of political uncertainty that has been draped over Wall Street. As everyone knows by now, stocks within the healthcare group (UNH included) are considered a "Bush Play". Although recently, no matter which direction the election pendulum swings, UNH has held up remarkably well. The week ended with the stock fractionally higher on better than average volume. Intraday, the stock traveled as high as $117.88 (its new high) before a retreat to its closing price of $155.44. Next week we expect more volatile intraday swings in the stock. As of the close on Friday, the chart reveals that support is at $115.00, followed by the 5-dma at $113.78 and the 10-dma at $112.38. Resistance will be the new high at $117.88 until conquered. This play should still be regarded as risky even with the stock split coming in December. This is because of its potential sensitivity to the election. New play opportunities might include a bounce off support or an assault on resistance on good volume. We have the opportunity to secure a nice little profit by adjusting our stop on UNH. We are tightening our stop loss to $114.00 on this play. Please take a moment to review our stops at the IN PLAY section.

Picked on November 7th @ $108.75 Change since picked +6.69