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stock recommendation, stock market report
Begin part 3 of 3
THE PLAYS:
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NEW: To view the HTML REPORT click the following link:
http://www.investmenthouse.com/ihmedia/AlertsPlays.htm
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Upside: Now we see the wheat being separated from the chaff. Some strong upside stocks.
Play Date: 09/04/2008
PG (Procter & Gamble--$70.44; -0.98; optionable): Consumer personal products
http://biz.yahoo.com/p/p/pg.html
EARNINGS: Announced 8-5-08
STATUS: Double bottom w/handle. While the market burns and NYSE large caps dive, PG is working on a three week handle to its 9 month base. Love how it is scratching out a solid upside base as the market heads toward the 2008 lows. People have to buy what PG sells even in a weak economy, and thus money is moving Proctor's way. This base has formed over time and that sets a very good foundation for a run higher.
Volume: 12.299M Avg Volume: 13.552M
BUY POINT: $72.11 Volume=16M Target=$80.95 Stop=$69.77
POSITION: PG AO - Jan. $70c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/pg.html
Play Date: 09/04/2008
ZOLL (Zoll Medical--$34.58; -1.57; optionable): Medical appliances
http://biz.yahoo.com/p/z/zoll.html
EARNINGS: Announced 7-24-08
STATUS: Reverse head and shoulders. After the April breakout from a big 16 month base, ZOLL rallied well on up into June. Then it needed to consolidate that gain and it fell into the current 11 week base, an up and down reverse head and shoulders pattern that works similarly to a double bottom in that it scares the sellers out. It just rallied higher toe end August, making it up to 36. It stalled Thursday after a nice break higher Wednesday, but it held the 10 day EMA on the close. This was just a sympathy move with the market; it is showing great upside volume action. Thus looking for ZOLL to hold here and then make the next break higher taking it to a new high. Of course we will be there when it makes that move.
Volume: 326.403K Avg Volume: 287.411K
BUY POINT: $36.22 Volume=445K Target=$43.75 Stop=$34.18
POSITION: ZQQ LG - Dec. $35c (56 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/zoll.html
New buy point on current position:
Play Date: 09/04/2008
URBN (Urban Outfitters--$35.94; -0.71; optionable): Teen apparel stores
http://biz.yahoo.com/p/u/urbn.html
EARNINGS: 11-13-08
STATUS: Breakout test. After breaking out in early August form a 14 week double bottom with handle base, URBN spiked higher Tuesday on strong volume, breaking to a new high. URBN then tested back Wednesday and Thursday but on lower, below average volume, holding over the 10 day EMA (35.61) on the Thursday low. Nice break higher, nice orderly test. Looking to move in with more positions as URBN makes its next move higher.
Volume: 2.902M Avg Volume: 3.735M
BUY POINT: $36.68 Volume=3.9M Target=$42.75 Stop=$35.42
POSITION: URQ LG - Dec. $35c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/urbn.html
Downside: Still in position to fall even with the drops the past two sessions.
Play Date: 09/04/2008
BRCD (Brocade Communications--$7.03; -0.22; optionable): Data storage
http://biz.yahoo.com/p/b/brcd.html
EARNINGS: Announced 8-13-08
STATUS: Put. Gapped sharply lower in mid-July, losing over a quarter of its value. It fought back in the market rally, but on very low volume. It hit the 200 day SMA (7.43) in mid-August, again the past week. It failed, falling harder Thursday on rising, above average volume. All the while of the recovery, money flow remained in the toilet. It has turned back down and BRCD looks ready to follow it again. A move to the target lands a 65%ish gain.
Volume: 9.13M Avg Volume: 8.167M
BUY POINT: $6.97 Volume=9M Target=$6.00 Stop=$7.29
POSITION: BQB VK - Oct. $8p (-70 delta)
http://www.investmenthouse.com/ci/brcd.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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stock recommendation
stock market report
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