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trend trading stock, stock trading site
Begin part 3 of 3
THE PLAYS:
Upside: Some more strong, familiar names are setting up for some upside.
Play Date: 03/07/2009
BWLD (Buffalo Wild Wings--$30.05; -0.24; optionable): Wings restaurants
http://biz.yahoo.com/p/b/bwld.html
After Hours: $30.83
EARNINGS: 02/11/2009
STATUS: Test breakout. Bottomed in November, rebounded through mid-February, then gapped higher and rallied through the 200 day SMA (29.41) on its earnings report. It is now testing, moving laterally and slightly lower on overall declining trade. It is holding the 200 day and the trading range is narrowing. Money flow continues to rise as BLWD flaps sideways. Just going to be patient and let BWLD go wild with the next upside move and that is when we move in, i.e. when it breaks through our buy point on some rising trade.
Volume: 538.456K Avg Volume: 451.908K
BUY POINT: $31.44 Volume=650K Target=$37.45 Stop=$29.24
POSITION: BQU FF - June $30c (50 delta) &/or Stock
http://www.investmenthouse.com/ci/bwld.html
Play Date: 03/07/2009
HANS (Hansen Natural--$35.35; +1.14; optionable): Beverages (Monster drinks, etc.)
http://biz.yahoo.com/p/h/hans.html
After Hours: $35.30
EARNINGS: 02/26/2009
STATUS: Ascending base. Huge mover in 2007 for us; a monster year so to speak. 2008 was monster as well, but to the downside as HANS lost two-thirds of its value. Bottomed August through October and then broke higher, rising to 35. It has moved laterally since, making a series of higher lows below 36, forming a 3 month base. Got the dips in late February but held on to make a higher low and then surged on strong volume to start March. Bumped the high in the range Wednesday and looks to be making a higher low with a nice rise on strong volume Friday just as on Wednesday. Looking for the breakout this week to give us the buy point.
Volume: 2.807M Avg Volume: 1.572M
BUY POINT: $36.24 Volume=2.2M Target=$41.95 Stop=$33.84
POSITION: QHO FG - June $35c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/hans.html
Play Date: 03/07/2009
MYGN (Myriad Genetics--$77.70; +0.42; optionable): Diagnostic substances
http://biz.yahoo.com/p/m/mygn.html
After Hours: $77.70
EARNINGS: 02/03/2009
STATUS: Test 50 day EMA. MYGN made us some money on the downside to start last week, filling the gap from early February on its earnings report. It has made the test of that earnings breakout, successfully holding the 50 day EMA (76.25) the past week. Tried to bounce Wednesday but not enough volume, and now a nice doji Friday that used the 50 day on the low as support. Looking for the stock to break back over near resistance at the 18 day EMA (79.83) and give us an upside buy point to make us some nice upside gain as the breakout move continues.
Volume: 683.767K Avg Volume: 893.52K
BUY POINT: $80.11 Volume=1.2M Target=$90.95 Stop=$76.11
POSITION: GSQ EP - May $80p (46 delta) &/or Stock
http://www.investmenthouse.com/ci/mygn.html
Play Date: 03/07/2009
NSM (National Semiconductor--$10.96; +0.10; optionable): Semiconductors
http://biz.yahoo.com/p/n/nsm.html
After Hours: $10.96
EARNINGS: 03/11/2009
STATUS: Cup w/handle. Strong volume Friday, the strongest in almost three months as NSM moved in a wide range but showed a doji on the candlestick chart. NSM is working through a 4 month base. It formed up nicely in late January and broke higher in early February but could not get over the December high at 12. It faded in the selling, but held higher lows. Like the upside volume shown the last three sessions of the week. Thus we are looking to move in ahead of 12 on a solid move on volume and then again on the breakout over 12. Money flow is rally running higher ahead of price as it moves laterally, and looking for that positive divergence to pull NSM up with it.
Volume: 11.53M Avg Volume: 6.573M
BUY POINT: $11.12 Volume=9.9M Target=$13.45 Stop=$10.38
POSITION: NSM EB - May $10c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/nsm.html
Play Date: 03/07/2009
NTES (Netease.com--$21.05; +0.54; optionable): Chinese online entertainment
http://biz.yahoo.com/p/n/ntes.html
After Hours: $20.94
EARNINGS: 02/25/2009
STATUS: Trend break. Not a bad 2008 but then peaked in August of that year and sold hard. Hit its low in November and rebounded sharply, only to give it back to start the year. Then it started a series of higher lows below the 200 day SMA (21.21). Nice surge the past 6 sessions, right up to the 200 day on strong volume. Stalled there to end the week, but NTES has buying and momentum and looking for the break over the 200 day to give us the buy.
Volume: 1.289M Avg Volume: 993.246K
BUY POINT: $21.33 Volume=1.5M Target=$24.95 Stop=$20.11
POSITION: NQG FD - June $20c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/ntes.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.
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