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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 06/25/2009
BEN (Franklin Resources--$71.01; -0.61; optionable): Asset Management
http://biz.yahoo.com/p/b/ben.html
After Hours: $71.01
EARNINGS: 04/28/2009
STATUS: Test 50 day EMA. BEN broke sharply higher to start June, moving out of an 8 week flat base. It has set up a nice ABCD pattern and is on the rebound move right now, bouncing Wednesday on strong trade and pausing a bit Thursday. Nice setup, and as BEN continues higher it is a buy.
Volume: 2.042M Avg Volume: 2.299M
BUY POINT: $71.31 Volume=3.4M Target=$79.95 Stop=$68.11
POSITION: BEN JN - Oct. $70c (48 delta) &/or Stock
http://www.investmenthouse.com/ci/ben.html
Play Date: 06/25/2009
IBM (International Business Machines--$106.06; +1.91; optionable)
http://biz.yahoo.com/p/i/ibm.html
After Hours: $106.70
EARNINGS: 07/16/2009
STATUS: Test 50 day EMA. IBM has set up nicely for us once more, having come back to the 50 day EMA (103.86). This is the test we were looking for to start a new play after closing the other out as it started the decline. Nice bounce Thursday and ready to move in as it continues the bounce.
Volume: 6.901M Avg Volume: 8.84M
BUY POINT: $106.42 Volume=10M Target=$115.95 Stop=$103.21
POSITION: IBM JA - Oct. $105c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/ibm.html
Play Date: 06/25/2009
JOYG (Joy Global--$36.72; +0.44; optionable): Farm and construction machinery
http://biz.yahoo.com/p/j/joyg.html
After Hours: $36.75
EARNINGS: 06/03/2009
STATUS: Bouncing off the 50 day EMA (32.58) after a sharp surge and pullback to test. JOYG has set up an ABCD pattern of its own, bouncing higher Tuesday and Wednesday on strong volume, testing some Thursday and recovering for a gain. Looking to move in as JOYG continues its move off the 50 day and the 'point D.'
Volume: 3.738M Avg Volume: 4.272M
BUY POINT: $36.94 Volume=6M Target=$42.95 Stop=$34.35
POSITION: JQY JB - Oct. $36c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/joyg.html
Downside:
Play Date: 06/25/2009
GENZ (Genzyme--$56.18; +1.36; optionable): Biotech
http://biz.yahoo.com/p/g/genz.html
After Hours: $56.18
EARNINGS: 07/22/2009
STATUS: Put. Tumbled lower after the early June peak, really tanking two Mondays back on strong volume, gapping back down to the March and April lows. Has rebounded but choppy, tapping the 18 day EMA (56.57) on the high and backing off modestly. It may bounce up further toward the 50 day EMA (57.64), but if it stalls and rolls back here we are looking for a downside play back toward the prior lows at 51. A move to that initial target lands a 42%ish gain.
Volume: 3.171M Avg Volume: 3.291M
BUY POINT: $55.65 Volume=4.2M Target=$51.45 Stop=$56.88
POSITION: GZQ VY - Oct. $57.50p (-51 delta)
http://www.investmenthouse.com/ci/genz.html
Continuing plays ready to move.
Play Date: 06/23/2009
PKE (Park Electrochemical--$21.18; +0.88; optionable): Electronics
http://biz.yahoo.com/p/p/pke.html
After Hours: $21.18
EARNINGS: 06/30/2009
STATUS: Test 50 day EMA. Now it could be cooking, posting a nice bounce off the 50 day EMA (20.26) Thursday. A continued move is still a buy. To recap: A nice surge in late May/early June off a similar pattern. May come on back and test the 50 day (20.22) and then turn. No issue with that; it is the same play as we look for a rebound and a holding the move to the close.
Volume: 66.432K Avg Volume: 97.72K
BUY POINT: $20.68 Volume=150K Target=$24.95 Stop=$19.92
POSITION: PKE ID - Sept. $20c (52 delta, 59 OI) &/or Stock
http://www.investmenthouse.com/ci/pke.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
stock recommendation
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