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trend trading stock, stock trading site
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 03/24/2009
BHI (Baker Hughes--$33.47; -0.83; optionable): Oil and gas service company
http://biz.yahoo.com/p/b/bhi.html
After Hours: $33.42
EARNINGS: 01/28/2009
STATUS: Cup w/handle. BHI has formed a 7 week base, its second since bottoming in December. The January to early February base didn't hold, falling back into this base. It gapped over the 50 day EMA (31.49) Thursday, then filled the gap Friday. Bounced right back up to start this week, testing a bit Monday on low trade. May take a couple more days to form the handle better but we can wait. When baker breaks higher it is in great position to rally run.
Volume: 4.541M Avg Volume: 5.388M
BUY POINT: $34.39 Volume=7M Target=$39.95 Stop=$31.98
POSITION: BHI GG - July $35c (44 delta) &/or Stock
http://www.investmenthouse.com/ci/bhi.html
Play Date: 03/24/2009
CYBS (Cybersource--$13.89; -0.19; optionable): Electronic payment, risk management solutions for small business merchants
http://biz.yahoo.com/p/c/cybs.html
After Hours: $13.89
EARNINGS: 01/29/2009
STATUS: Ascending base. CYBS gapped higher in late January on earnings and rallied to the 200 day SMA (now at 13.65), tested back to the 50 day EMA and the twin peaks in December/January and found support. That took it back up to the 200 day and it has spent the past week breaking over and under that level. Strong Monday volume as it broke back over the 200 day. Then Tuesday low volume as it tested modestly back. That hold over the 200 day after the break is solid. Want to be in it as it jumps up off this 200 day on rising trade.
Volume: 597.844K Avg Volume: 775.562K
BUY POINT: $14.42 Volume=1M Target=$16.95 Stop=$13.41
POSITION: CXQ GC - July $15c (44 delta) &/or Stock
http://www.investmenthouse.com/ci/cybs.html
Play Date: 03/24/2009
SMH (Semiconductor Holders Trust--$18.78; -0.49; optionable)
After Hours: $19.33
STATUS: Cup w/handle. Up and down the past week, forming a lateral handle to a 7 week base. This is the last in a series of small bases that formed the December to March trading range. SMH broke higher, clearing the January and February peaks and then trading around them. If the market continues higher from here SMH is in position to run toward the 200 day SMA.
Volume: 13.608M Avg Volume: 15.396M
BUY POINT: $18.55 Volume=18M Target=$21.94 Stop=$17.82
POSITION: SZS ER - May $18c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/smh.html
Play Date: 03/24/2009
SMTC (Semtech--$13.03; -0.43; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/s/smtc.html
After Hours: $13.00
EARNINGS: 03/04/2009
STATUS: Test breakout. SMTC broke higher over the 200 day SMA (12.73) two weeks back, finally making that move after failing in early February. The move was a breakout form its 6 week double bottom base, and you can say this flag that has formed the past two weeks over the 200 day, but now holding solid over some intraday peaks at 13. Range is tightening some and looking for SMTC to make a strong break higher once more off this level.
Volume: 579.853K Avg Volume: 782.644K
BUY POINT: $13.57 Volume=1M Target=$15.95 Stop=$12.74
POSITION: QTU FP - June $12.50c (64 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/smtc.html
Play Date: 03/24/2009
SPIL (Siliconware Precision--$5.74; -0.21; optionable): Chip equipment
http://biz.yahoo.com/p/s/spil.html
After Hours: $5.74
EARNINGS: 02/11/2009
STATUS: Trend reversal test. After trending lower from April 2008 SPIL based out through February then gapped higher in early March. It rallied to the 200 day SMA (5.46) and stalled for a couple of weeks, sliding laterally and slightly lower but holding easily over the peaks in the consolidation range at 5. Then Monday SPIL surged through the 200 day SMA on volume, then tested Tuesday on lower trade. It may come back some more and test 5.50 before moving back up. If it does, we will pick it off as it comes back up. If it continues from here we can pick it up as it continues to the upside. Strong break and looking very strong.
Volume: 3.7M Avg Volume: 2.062M
BUY POINT: $5.79 Volume=3M Target=$6.95 Stop=$5.41
POSITION: QSP FA - June $5c (62 delta, 82 OI) &/or Stock
http://www.investmenthouse.com/ci/spil.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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