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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 08/25/2008
CCC (Calgon Carbon--$19.08; +0.05; optionable): Chemicals
http://biz.yahoo.com/p/c/ccc.html
EARNINGS: Announced 7-31-08
STATUS: Cup w/handle. Big surge on its earnings announcement sent CCC back up to its June highs, a 15 year high. After that surge it moved laterally through Monday, fighting off the market selling to consolidate the blast higher, refusing to give up any ground. Some strong upside volume last week shows buyers still picking up shares. Looking for the breakout from this 9 week pattern to give us a nice entry point to the play and this strong stock.
Volume: 365.586K Avg Volume: 511.318K
BUY POINT: $19.81 Volume=775K Target=$23.85 Stop=$18.61
POSITION: CCC AW - Jan. $17.50c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/ccc.html
Play Date: 08/25/2008
HLF (Herbalife--$47.05; -1.33; optionable): Nutritional supplements
http://biz.yahoo.com/p/h/hlf.html
EARNINGS: Announced 8-5-08
STATUS: Cup w/handle breakout test. HLF got some strong volume last Thursday and Friday, and it gapped out of its 5 month base Friday. Monday it was caught in the selling, coming back to test on lower, average volume, filling that gap higher on Friday. That is fine; already gets that gap out of the way. May come back to test the 10 day EMA (46.31) before it is ready to make the rebound, but this stock is a leader in terms of earnings growth rates and this is a very nice technical base setting it up for a run to a new all-time high.
Volume: 1.071M Avg Volume: 1.076M
BUY POINT: $47.65 Volume=1.4M Target=$54.95 Stop=$45.97
POSITION: HLF KI - Nov. $45c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/hlf.html
Downside:
Play Date: 08/25/2008
SAH (Sonic Automotive--$10.25; -0.27; optionable): Auto dealerships
http://biz.yahoo.com/p/s/sah.html
EARNINGS: Announced 7-29-08
STATUS: Put. After a trend down the 10 day EMA (now at 10.55) through July, SAH bounced to come up for air, moving up to the 50 day EMA (11.98) two weeks back. It reversed and fell. Rebounded last week up to the 10 and 18 day EMA (10.65) and looking for it to fail here and to start a new trend lower below the 10 and 18 day EMA. A move to the target lands a 50%ish gain. Nice.
Volume: 245.337K Avg Volume: 699.12K
BUY POINT: $10.08 Volume=850K Target=$8.38 Stop=$10.78
POSITION: SAH WB - Nov. $10p (-39 delta)
http://www.investmenthouse.com/ci/sah.html
Play Date: 08/25/2008
SDS (UltraShort S&P500 ETF--$67.02; +2.50; optionable)
http://biz.yahoo.com/p/s/sds.html
STATUS: Trend break. SDS bounced Monday as the SP500 started breaking lower, moving back through its July uptrend. SDS moves opposite from SP500, so as it breaks lower SDS rises. If SP500 cannot hang on we want to be ready and move in as it moves down and SDS moves higher.
Volume: 16.727M Avg Volume: 25.216M
BUY POINT: $67.25 Volume=25M Target=$72.00 Stop=$65.57
POSITION: SDS JO - Oct. $67c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/sds.html
Good Investing!
Jon L. Johnson and your IH Alerts 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. Good Investing!
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us stock market
stock recommendation
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