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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 08/28/2008
CPWR (Compuware--$11.58; +0.10; optionable): Application software
http://biz.yahoo.com/p/c/cpwr.html
EARNINGS: 7-23-08
STATUS: Test 18 day EMA. Broke out on earnings in late July, clearing a 12 month reverse head and shoulders base. Rallied close to the 2007 high and then started this test, moving laterally with the market, but holding over high support at the 18 day EMA (11.38), using the market's action to consolidate. We made some money on the last move, and now we look to capture some more as it makes the next break higher from this lateral consolidation.
Volume: 2.065M Avg Volume: 3.544M
BUY POINT: $11.68 Volume=4M Target=$14.00 Stop=$11.14
POSITION: CWQ KB - Nov. $10c (81 delta) or CWQ AB - Jan. $10c (78 delta) &/or Stock
http://www.investmenthouse.com/ci/cpwr.html
Play Date: 08/28/2008
DTSI (DTS, Inc.--$33.19; +1.00; no options): Electronic equipment
http://biz.yahoo.com/p/d/dtsi.html
EARNINGS: Announced 8-7-08
STATUS: Double bottom w/handle. Making another run at DTSI as it comes off its deeper test to the 50 day EMA earlier in the week, and bangs up against the top of its handle in the 12 week base. Nice use of the key 200 day SMA as support on the two bottoms. Much better trade on the Wednesday bounce higher, and looking for solid volume again if DTSI can give us the breakout move.
Volume: 125.549K Avg Volume: 210.958K
BUY POINT: $33.77 Volume=315K Target=$40.85 Stop=$31.41
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/dtsi.html
Play Date: 08/28/2008
MON (Monsanto--$116.84; +0.34; optionable): Agricultural chemicals
http://biz.yahoo.com/p/m/mon.html
EARNINGS: 10-8-08
STATUS: Reverse head and shoulders. MON has formed an 8 week reverse head and shoulders bracketing the 200 day SMA (115.70). Bounced over that key level last week, and then eased back on a low volume test Monday, continuing the test as the week continued. Of course everything is pretty much low volume right now. This is part of a larger 9 week base that started mid-June, on its way to a cup base. Looking for the break higher off the 200 day SMA on some good volume to give us an entry point on this fallen leader that simply needed more basing. If it shows another strong volume upside it is a buy.
Volume: 2.594M Avg Volume: 7.131M
BUY POINT: $118.88 Volume=10M Target=$137.45 Stop=$115.11
POSITION: MON AD - Jan. $120c (53 delta) or MFP JC - Oct. $115c (57 delta) &/or Stock
http://www.investmenthouse.com/cd/mon.html
Play Date: 08/28/2008
OTEX (Open Text--$35.85; +1.51; optionable): Enterprise content management
http://biz.yahoo.com/p/o/otex.html
EARNINGS: Announced 8-19-08
STATUS: Cup w/handle. Volume has been mostly positive the past three weeks, i.e. rising on upside sessions as OTEX forms the handle to its 16 week base that is perched just below an all-time high, setting OTEX for the breakout and run. Volume spiked above average Thursday for the first time this week as OTEX rallied to the highs in its lateral handle consolidation. Money flow is taking off to the upside as it readies for the breakout. Looks ready to move in as it makes the breakout. Very nice indeed.
Volume: 931.542K Avg Volume: 650.691K
BUY POINT: $36.11 Volume=725K Target=$41.95 Stop=$34.22
POSITION: QFT AG - Jan. $35c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/otex.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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trade stock
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