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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 07/29/2008
CSX (CSX Corp.--$64.83; +3.01; optionable): Railroads
http://biz.yahoo.com/p/c/csx.html
EARNINGS: Announced 7-24-08
STATUS: Cup. CSX made us money on the strong run to start 2008, and now that it looks to be completing this 10 week base, it looks ready to make us some money again in the near term. Making a higher low at the 50 day EMA (62.14) the past week, bouncing Tuesday on rising volume. Loving the rails right now and looking for CSX to cover some ground quickly on its break higher.
Volume: 4.501M Avg Volume: 4.958M
BUY POINT: $65.34 Volume=7M Target=$74.95 Stop=$62.15
POSITION: CSX KM - Nov. $65c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/csx.html
Play Date: 07/29/2008
SNHY (Sun Hydraulics--$39.92; +1.54; optionable): Industrial electrical equipment
http://biz.yahoo.com/p/s/snhy.html
EARNINGS: 8-5-08
STATUS: Reverse head and shoulders. Neat little 10 week base has formed with SNHY using the recent selling to form the right shoulder of the pattern. This formed to consolidate a larger 10 month base breakout in early May. Very nice setup for the breakout to a new all-time high form a great leader.
Volume: 109.821K Avg Volume: 180.017K
BUY POINT: $40.75 Volume=270K Target=$48.95 Stop=$37.90
POSITION: SQA IH - Sept. $40c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/snhy.html
Play Date: 07/29/2008
WFC (Wells Fargo--$30.46; +2.53; optionable): Big bank
http://biz.yahoo.com/p/w/wfc.html
EARNINGS: Announced 7-16-08
STATUS: Trend reversal. Announced great earnings to get the financial recovery, at least for the big banks, underway. A solid rally through last week, and a test through Monday to the 50 day EMA (26.77) and then a surge back up Tuesday on strong, above average volume, clearing the down trendline and the 200 day SMA (29.46). Nice action and ready to move in as WFC continues higher.
Volume: 62.309M Avg Volume: 46.979M
BUY POINT: $30.88 Volume=60M Target=$35.95 Stop=$28.72
POSITION: WFC JF - Oct. $30c (59 delta) &/or Stock)
http://www.investmenthouse.com/ci/wfc.html
Play Date: 07/29/2008
WSO (Watsco--$50.42; +1.83; optionable): Wholesale electronics
http://biz.yahoo.com/p/w/wso.html
EARNINGS: Announced 7-17-08
STATUS: Test breakout. Raced higher on strong earnings, clearing an 11 week base that formed using the 200 day SMA (40.33) as support. Spent the past week testing, coming back to the 10 day EMA (48.35) Monday, holding, then breaking higher Tuesday. Tuesday volume was nothing to get all excited about, but really like the pattern and the position for a rapid gain higher. Strong money flow leading the way higher. Ready to move in as WSO continues its move higher.
Volume: 243.401K Avg Volume: 320.312K
BUY POINT: $50.77 Volume=450K Target=$59.95 Stop=$48.22
POSITION: WSO KJ - Nov. $50c (54 delta, 104 OI) &/or Stock
http://www.investmenthouse.com/ci/wso.html
Good Investing!
Jon L. Johnson and The Daily Staff
All of the foregoing is commentary for informational purposes only. All statements and expressions are the opinion of Online Investment Services, LP or its paid consultants and are not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on our related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolio of Partners of Online Investment Services, LP or its paid consultants may, in some instances, include securities mentioned herein and on our web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors.
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stock recommendation
stock investment information
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