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Stock Play of the Week - 5/26/2009

From: Pristine.com <distribution@pristine.com>
To: david.m.halsey@gmail.com
Received: Tuesday, May 26, 2009 03:44 AM
STOCK PLAY OF THE WEEK
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Chart Courtesy of Mastertrader.com

Industry: Electric-Integrated Closing Price: 37.00 P/E: 9.3 Avg. Vol.: 2,847K

Company Profile: FirstEnergy Corp. is a public utility holding company. The Company's subsidiaries and affiliates are involved in the generation, transmission and distribution of electricity, exploration and production of oil and natural gas, transmission and marketing of natural gas, and energy management and other energy-related services.

Chart Setup: Sell Setup

Trading Strategy: We'll look to sell short FE if it trades under 36.90 Place a protective stop above 37.60 Target 1: $35.75

SPW Update: CB was closed for a small gain on a daily trailing stop after 5 days open. VRSN moved beyond 50% of Target 1 on Day 1 so was closed at breakeven after it retraced to the entry point.


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May 26, 2009

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