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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS:
NEW PLAYS:
Upside:
Play Date: 08/12/2008
AMT (American Tower--$42.76; -0.26; optionable): Cell towers, communication relays
http://biz.yahoo.com/p/a/amt.html
EARNINGS: Announced 7-30-08
STATUS: Cup. Nice bounce up off the 200 day SMA Friday and Monday, then pausing Tuesday on very low trade as AMT makes a higher low in its 12 week base. Making another run at it as AMT sets up once more for a break higher. Saw some strong trade at the end of July on its earnings, and want to see that again as it resumes the break higher.
Volume: 2.278M Avg Volume: 4.035M
BUY POINT: $43.48 Volume=6M Target=$49.95 Stop=$42.08
POSITION: AMT JZ - Oct. $42.50c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/amt.html
Play Date: 08/12/2008
BDX (Becton Dickinson--$86.35; -0.81; optionable): Medical instruments
http://biz.yahoo.com/p/b/bdx.html
EARNINGS: Announced 7-24-08
STATUS: Trend reversal. BDX tried to break its February/March down trendline in late July but failed. It tested, coming back to the 50 day EMA to start August, and then rebounding back through the trendline (85.75) last Friday. Came back to test that break Monday and Tuesday, tapping the trendline and the coincident 10 day EMA on the low (85.86) and bounced. Looking to move in as BDX holds the near support and then starts back up on volume.
Volume: 1.419M Avg Volume: 1.668M
BUY POINT: $87.12 Volume=2.5M Target=$98.00 Stop=$85.68
POSITION: BDX LQ - Dec. $85c (60 delta, 172 OI) &/or Stock
http://www.investmenthouse.com/ct/bdx.html
Play Date: 08/12/2008
ONNN (On Semiconductor--$10.19; -0.18; optionable): Semiconductors
http://biz.yahoo.com/p/o/onnn.html
EARNINGS: Announced 8-6-08
STATUS: Cup. This nice little 11 week base is actually the handle to a much larger 10 month cup with handle pattern. Gapped higher on its earnings report and has moved laterally and slightly upward since. May come back some to test the 10 day EMA (9.80) before resuming the move, but it is showing excellent strength and may not give much back before it turns up once more. A strong move on rising volume is what is needed to break it free from the mid-May peak that started this last phase of the base. Very solid.
Volume: 12.453M Avg Volume: 11.689M
BUY POINT: $10.51 Volume=15M Target=$12.89 Stop=$9.77
POSITION: OKU AB - Jan. $10c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/onnn.html
Good Investing!
Jon L. Johnson and your Technical Traders Report Team
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 in 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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trade stock
stock recommendation
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