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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 06/18/2009
ACL (Alcon, Inc.--$112.98; +4.70; optionable): Medical supplies, instruments
http://biz.yahoo.com/p/a/acl.html
After Hours: $112.98
EARNINGS: 04/22/2009
STATUS: ACL is working on filling the gap down from October, quite the massive plunge lower. Rallied to 115 then tested back the past week, holding the 18 day EMA (109.40). Solid bounce Thursday on some good volume. Looking to enter for a run back up to the gap down point. As it enjoyed a good move Thursday as it reversed the test we are looking at taking some positions on a continued move.
Volume: 919.892K Avg Volume: 731.078K
BUY POINT: $113.15 Volume=1M Target=$130.00 Stop=$107.64
POSITION: ACL KB - Nov. $110c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/acl.html
Play Date: 06/19/2009
BLKB (Blackbaud--$15.47; +0.17; optionable): Software
http://biz.yahoo.com/p/b/blkb.html
After Hours: $15.47
EARNINGS: 04/30/2009
STATUS: Ascending triangle. BLKB has set up once more, making a higher low in its 8 week base. It is bumping at the top of the pattern and on a break higher from here with some volume we move into some positions and then look for a test to add.
Volume: 111.785K Avg Volume: 211.897K
BUY POINT: $15.83 Volume=335K Target=$18.84 Stop=$14.77
POSITION: QDO IC - Sept. $15c (60 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/blkb.html
Play Date: 06/18/2009
PLT (Plantronics--$16.69; +0.26; optionable): Telecom headsets, etc.
http://biz.yahoo.com/p/p/plt.html
After Hours: $16.69
EARNINGS: 05/05/2009
STATUS: PLT made us some good money on its last move and now it is testing, setting up a new upside run. It gapped higher in early May and it has not come close to attempting a fill, using the gap up as support. Nice easy fade this month and then showing some live this week, moving laterally at support and then bouncing upside Thursday. A bit more trade on a continued move up and we can start taking some positions on this play.
Volume: 231.533K Avg Volume: 522.531K
BUY POINT: $17.02 Volume=700K Target=$21.75 Stop=$15.83
POSITION: PLT KC - Nov. $15c (71 delta) &/or Stock
http://www.investmenthouse.com/ci/plt.html
Play Date: 06/18/2009
VCLK (Valueclick--$11.66; -0.32; optionable): Internet advertising services
http://biz.yahoo.com/p/v/vclk.html
After Hours: $11.66
EARNINGS: 05/05/2009
STATUS: Flag. VCLK broke higher to start June, moving out of a choppy April through May consolidation of the strong March to April rally. This week VCLK is making an easy test of that early June breakout and run, coming back to tap the 18 day EMA on the Thursday low (11.50 and bounce modestly. Nice set up for a new burst higher and when it makes the break higher from this test and is holding the move into the last hour we are in.
Volume: 643.578K Avg Volume: 1.418M
BUY POINT: $11.88 Volume=1.8M Target=$14.00 Stop=$11.05
POSITION: QCS IB - Sept. $10c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/vclk.html
New buy point on current position:
Play Date: 06/18/2009
CME (Chicago Merchantile Exchange--$329.06; +2.56; optionable)
http://biz.yahoo.com/p/c/cme.html
After Hours: $329.89
EARNINGS: 07/23/2009
STATUS: Flag. After that big May to June surge CME has spent the last three weeks consolidating but not giving any ground. Nice easy fade this week to support, starting a modest bounce Thursday. On a continued move up that holds into the close it is ready to buy new positions.
Volume: 736.275K Avg Volume: 1.533M
BUY POINT: $331.54 Volume=2M Target=$382.95 Stop=$320.88
POSITION: CME IY - Sept. $330c (53 delta)
http://www.investmenthouse.com/ci/cme.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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trade stock
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