|
|
stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 06/29/2009
NEU (Neuberger Berman--$67.90; +1.77; optionable): Lubricant additives
http://biz.yahoo.com/p/n/neu.html
After Hours: $67.92
EARNINGS: 04/22/2009
STATUS: Test 50 day EMA. Great run off the March low; great run. Used the 10 day EMA (68.03) as support on the way up and needed a deeper test to next support. It is doing that the past three weeks, fading back to the 50 day EMA (65.38) last week, then moving laterally in a tight range through Friday. Nice bounce Monday. Looking for NEU to resume the run and if it can put in another upside session Tuesday that is our entry point. Options are expensive with a wide spread and low open interest; not the best play so leaning toward the stock play on this one.
Volume: 228.155K Avg Volume: 231.719K
BUY POINT: $68.11 Volume=325K Target=$78.45 Stop=$64.27
POSITION: NEU IM - Sept. $65c (48 delta, low OI, wide sprd) , Stock
http://www.investmenthouse.com/ci/neu.html
Play Date: 06/29/2009
PRFT (Perficient--$7.17; +0.33; optionable): Business software
http://biz.yahoo.com/p/p/prft.html
After Hours: $7.17
EARNINGS: 05/07/2009
STATUS: Ascending triangle. Nice 8 week pattern has set up with PRFT making higher lows up the 50 day EMA (6.58). Moves from these patterns can be explosive; PRFT made a solid price move Monday, and it is a buy as it continues to the upside.
Volume: 193.345K Avg Volume: 170.206K
BUY POINT: $7.24 Volume=260K Target=$8.94 Stop=$6.73
POSITION: UTJ JU - Oct. $7.50c (47 delta) &/or Stock
http://www.investmenthouse.com/ci/prft.html
Play Date: 06/29/2009
STLD (Steel Dynamics--$15.17; -0.33; optionable): Steel
http://biz.yahoo.com/p/s/stld.html
After Hours: $15.10
EARNINGS: 07/22/2009
STATUS: Broke over the May twin peaks in . . . late May. Now working in a range from 14 to 15, making a higher low on the current test. Steel is choppy but like the way it is setting up. Waiting for it to finish the test of 15 and make the bounce higher once more.
Volume: 6.088M Avg Volume: 8.474M
BUY POINT: $15.34 Volume=10M Target=$18.97 Stop=$14.27
POSITION: RQL KC - Nov. $15c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/stld.html
Downside:
Play Date: 06/29/2009
CME (Chicago Merchantile Exchange--$318.22; +0.77; optionable)
http://biz.yahoo.com/p/c/cme.html
After Hours: $318.22
EARNINGS: 07/23/2009
STATUS: Bear flag. CME gapped higher to start June but couldn't advance the ball. It then gapped lower two Monday's back. Gap up, gap down, something of an island reversal. Bounced up off the 50 day EMA (294.26) but is stalling out at the gap up point, tapping that level Monday then fading to close basically flat. Very tight candlestick doji below that key level. Looking for a turn back down toward the 50 day. A move to the target lands a 40%ish gain.
Volume: 639.81K Avg Volume: 1.395M
BUY POINT: $317.67 Volume=1.7M Target=$297.00 Stop=$324.11
POSITION: CME TX - Aug. $320p (-47 delta)
http://www.investmenthouse.com/ci/cme.html
Play Date: 06/29/2009
RIMM (Research in Motion--$69.64; -1.02; optionable)
http://biz.yahoo.com/p/r/rimm.html
After Hours: $69.60
EARNINGS: 09/24/2009
STATUS: Flag. Broke its uptrend mid-June and tanked down to the 50 day EMA (72.08). Tried to hold; couldn't. Gapped through that level last Monday, rebounded to test it, then just moved laterally on light trade. That has formed the flag. Looking for RIMM to break lower from here and give us the move down to the 65 level. That makes us 45%ish gain.
Volume: 13.002M Avg Volume: 20.742M
BUY POINT: $69.47 Volume=22M Target=$64.55 Stop=$72.18
POSITION: RFY TN - Aug. $70p (-47 delta)
http://www.investmenthouse.com/ci/rimm.html
Play Date: 06/29/2009
XTO (XTO Energy--$37.98; -0.17; optionable): Independent gas exploration
http://biz.yahoo.com/p/x/xto.html
After Hours: $37.85
EARNINGS: 05/06/2009
STATUS: Flag. Similar pattern to CME: XTO gapped higher in early May, gapped lower two Mondays back. Bounced off the 200 day SMA (36.77), moving up to the gap down point on the Monday high before turning back down for a loss. Tested the gap lower and ready to head and shoulders back down. Ready to move in as it does. A move to the target lands a 50%ish gain.
Volume: 7.603M Avg Volume: 7.95M
BUY POINT: $37.85 Volume=10M Target=$34.75 Stop=$38.89
POSITION: XTO TM - Aug. $39p (-52 delta)
http://www.investmenthouse.com/ci/xto.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.
|
stock recommendation
stock investment information
|
