March 20th - JCP RIG XTO TIN

Live from Texas, Cramer had a best of breed from Texas theme and recommended the following:

J C Penney Corporation, Inc. (JCP)

Closing Price: $79.80
After Hours Most Recent Price: $ 80.45
Percent Increase at Most Recent Price: 0.81%
Sector: Services
Days to Cover: 3.3
Short %: 3.50 %
% Held by Insiders: 1.02 %
% Held by Institutions: 92.50 %
50 Day Moving Average: $81.32
200 Day Moving Average: $73.16

Transocean Inc. (RIG)

Closing Price: $78.19
After Hours Most Recent Price: $ 78.86
Percent Increase at Most Recent Price: 0.86%
Sector: Basic Materials
Days to Cover: 1.8
Short %: 4.10 %
% Held by Insiders: 0.11 %
% Held by Institutions: 77.00 %
After Hours High: $ 78.86
After Hours Most Recent Price: $ 78.86
50 Day Moving Average: $76.35
200 Day Moving Average: $74.69

XTO Energy Inc. (XTO)

Closing Price: $52.10
After Hours Most Recent Price: $ 52.77
Percent Increase at Most Recent Price: 1.29%
Sector: Basic Materials
Days to Cover: 2.1
Short %: 2.61 %
% Held by Insiders: 4.13 %
% Held by Institutions: 78.90 %
50 Day Moving Average: $49.47
200 Day Moving Average: $45.84

Temple-Inland Inc. (TIN)

Closing Price: $58.72
After Hours High: $ 59.74
Percent Increase at High: 1.74%
After Hours Most Recent Price: $ 59.60
Percent Increase at Most Recent Price: 1.50%
Sector: Consumer Goods
Days to Cover: 3.7
Short %: 4.18 %
% Held by Insiders: 1.19 %
% Held by Institutions: 72.50 %
50 Day Moving Average: $52.21
200 Day Moving Average: $44.24

Nothing is really jumping out at me for a short opportunity. All the percentages are rather small, with TIN up the most dollar-wise. I'm not going to post the chart for TIN, but it is above the 20-day moving average and below the top bollinger band of $61.65. The stock was up big on Feb 26th after Carl Icahn took a 7% stake in the company, and the stock has dropped a little bit at a time down to its closing level today before the Cramer recommendation. The stock has been able to hold above an "overbought" level (when the RSI is over 70) so as the stock flirts with that now it may be a non-issue in preventing the stock from going higher. In the end, I don't see any great reason to go short this one.