|
|
trend trading stock, trade stock
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 03/19/2009
ADI (Analog Devices--$20.28; -0.33; optionable): Semiconductors
http://biz.yahoo.com/p/a/adi.html
EARNINGS: 02/18/2009
STATUS: Cup w/handle. Very nice 7 week base has formed, setting up the next upside move following the run off the December low. Might take another day or two to finish the base but a nice set up and want to have the play ready to go when it makes the break higher.
Volume: 5.734M Avg Volume: 6.01M
BUY POINT: $20.88 Volume=8.2M Target=$23.95 Stop=$19.57
POSITION: ADI FD - June $20c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/adi.html
Play Date: 03/19/2009
CTRP (Ctrip.com International--$27.06; -0.52; optionable): China travel bookings
http://biz.yahoo.com/p/c/ctrp.html
After Hours: $27.19
EARNINGS: 02/09/2009
STATUS: Test breakout. CTRP was always a favorite for us, capable of strong long runs, and it can do it fast. It had hard times with most of the market but bottomed in November and then worked laterally in a 20 to 24ish trading range. It broke out last week and is moving laterally the past four sessions, forming a handle of sorts to the breakout. Strong money flow is running higher ahead of the stock, and when CTRP makes the break higher we are ready to move in.
Volume: 498.616K Avg Volume: 836.926K
BUY POINT: $27.76 Volume=1.2M Target=$32.88 Stop=$26.22
POSITION: QCT FE - June $25c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/ctrp.html
Play Date: 03/19/2009
EPIQ (Epiq Systems--$17.23; +0.44; optionable): Business software
http://biz.yahoo.com/p/e/epiq.html
After Hours: $17.04
EARNINGS: 02/24/2009
STATUS: Another favorite, setting back up for us, forming a short ascending triangle the past six weeks, trying to shake off those prior highs in December and late January. Strong money flow is leading the way higher and it looks as if EPIQ is ready to resume its upside ways, breaking higher Thursday but not with the same strong Wednesday volume. Looks ripe, just needs some trade again.
Volume: 301.411K Avg Volume: 351.984K
BUY POINT: $17.38 Volume=500K Target=$19.95 Stop=$16.16
POSITION: FQU GC - July $15c (70 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/epiq.html
Play Date: 03/19/2009
SY (Sybase--$29.91; +0.88; optionable): Application software
http://biz.yahoo.com/p/s/sy.html
EARNINGS: 01/28/2009
STATUS: Cup w/handle. Gapped higher on huge trade Thursday in sympathy with the ORCL dividend announcement. The move jumped SY out of its 7 week handle to its nicely formed 23 week base. The handle is something of a cup with handle inside the bigger cup with handle. Money flow is screaming higher and we are ready to move in as SY continues higher and then finish the buy when it tests the breakout move.
Volume: 3.846M Avg Volume: 1.534M
BUY POINT: $30.18 Volume=1.8M Target=$34.95 Stop=$28.45
POSITION: SY FF - June $30c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/sy.html
Downside:
Play Date: 03/19/2009
CECO (Career Education--$21.51; -0.79; optionable): Education and training services
http://biz.yahoo.com/p/c/ceco.html
After Hours: $21.51
EARNINGS: 02/19/2009
STATUS: Head and shoulders. Bearish 8 week topping pattern looks ready to send CECO down for a test toward its 200 day SMA at 18. A big flop lower Monday on very strong volume was followed by a low volume rebound through Wednesday and a fade to close at the 50 day EMA Thursday. Looking for a break lower on better trade to start it on the move lower. Money flow is falling ahead of price, and as CECO follows it we are looking for a 48%ish gain on that move.
Volume: 1.772M Avg Volume: 2.528M
BUY POINT: $21.22 Volume=2.6M Target=$19.15 Stop=$21.81
POSITION: CUY PX - Apr. $22.50p (-53 delta)
http://www.investmenthouse.com/ci/ceco.html
Play Date: 03/19/2009
CELG (Celgene--$45.70; -1.47; optionable): Biotechnology
http://biz.yahoo.com/p/c/celg.html
After Hours: $45.80
EARNINGS: 01/29/2009
STATUS: Continuing downtrend. CELG rallied up to the 50 day EMA (48.98) and stalled there over the past week, fading back to try and hold support near 45. Has trended lower since August 2008 and it looks ready to trend lower again after it breaks lower here on some better trade. A move to the target lands a 50%ish gain.
Volume: 5.056M Avg Volume: 5.618M
BUY POINT: $45.34 Volume=6.4M Target=$42.26 Stop=$46.71
POSITION: LQH PI - Apr. $45p (-42 delta)
http://www.investmenthouse.com/ci/celg.html
Play Date: 03/19/2009
PG (Procter & Gamble--$46.31; -1.71; optionable): Consumer products
http://biz.yahoo.com/p/p/pg.html
EARNINGS: 01/30/2009
STATUS: Continuing downtrend. After a nasty January and February decline PG rallied the past two weeks, clearing the 18 day EMA (47.56) this week but rolling back over Thursday. Looks ready for another fling to the downside. A run to the target lands a 42%ish gain.
Volume: 16.17M Avg Volume: 15.717M
BUY POINT: $46.15 Volume=18M Target=$44.11 Stop=$47.08
POSITION: PG PW - Apr. $47.50p (-52 delta)
http://www.investmenthouse.com/ci/pg.html
Play Date: 03/19/2009
UNH (Unitedhealth Group--$21.30; -0.65; optionable): Health care plans
http://biz.yahoo.com/p/u/unh.html
EARNINGS: 04/21/2009
STATUS: Put. Horrid dive lower in late February on strong volume, then a rebound in March. As it moved higher volume faded, and the past week it has been basically nonexistent as UNH moved up to resistance from 22 to the 50 day EMA at 23.23. Started turning over Thursday and looking for UNH to continue to the downside and pick up some volume along the way. A move to the target and we have a 49%ish gain.
Volume: 8.968M Avg Volume: 13.109M
BUY POINT: $20.66 Volume=14M Target=$18.55 Stop=$21.33
POSITION: UHB PM - Apr. $22p (-56 delta)
http://www.investmenthouse.com/ci/unh.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.
|
trend trading stock
trade stock
|
