|
|
stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 07/01/2009
BGG (Briggs & Stratton--$13.50; +0.16; optionable): Engines, generators
http://biz.yahoo.com/p/b/bgg.html
After Hours: $13.47
EARNINGS: 04/16/2009
STATUS: Roling. BGG is at the bottom of its rolling range that has held the past three months and more or less the past 10 months. BGG is holding at the April and May lows, working laterally the past week. Wednesday it reached lower and reversed to close position on a big jump in volume, the best in two months. The rebound off the lows shows that the sellers lost their attempt to sell it and the buyers jumped it with volume. Looking for this to be the start of the next roll higher in the range. A good risk/reward position to move in if BGG continues higher. BGG makes whole house generators and they are selling like green corn tamales here on the Gulf Coast as it is hurricane season.
Volume: 1.211M Avg Volume: 742.745K
BUY POINT: $13.64 Volume=900K Target=$16.95 Stop=$12.69
POSITION: BGG JV - Oct. $12.50c (75 delta) &/or Stock
http://www.investmenthouse.com/ci/bgg.html
Play Date: 07/01/2009
ESI (ITT Educational--$97.54; -3.12; optionable): Private education and training
http://biz.yahoo.com/p/e/esi.html
After Hours: $97.54
EARNINGS: 07/31/2009
STATUS: Looking for ESI to end its 2 month lateral move at the bottom of a 5 month base. Volume is jumping this week, helped by APOL's earnings, and ESI is moving off the bottom of the pattern as it does. Wednesday it faded but this time volume turned lower as ESI held the 200 day SMA on the close. Good risk/reward position to make the move higher as ESI holds support at this level. Plenty of room to run to the upside and ESI has shown it can run as it made us some great money to start 2009.
Volume: 893.334K Avg Volume: 1.271M
BUY POINT: $99.45 Volume=1.6M Target=$109.91 Stop=$95.76
POSITION: ENJ JT - Oct. $100c (46 delta) &/or Stock
http://www.investmenthouse.com/ci/esi.html
Play Date: 07/01/2009
FXC (Rydex Canadian Dollar ETF--$86.92; +1.07; optionable)
After Hours: $86.96
STATUS: Trend reversal. The Canadian dollar slid in June after a strong surge in late April to early June. It has come back to support at 86 and Wednesday it gapped higher on strong volume as the US dollar broke lower on strong volume. Anticipating FXC to make a new run here. There is some resistance at 90 that could slow it; a move to that level lands a 50%ish gain. We are looking to move higher, however, and a run up close to the old high lands a 95%ish gain.
Volume: 347.001K Avg Volume: 227.2K
BUY POINT: $87.22 Volume=330K Target=$91.85 Stop=$85.65
POSITION: FXC IG - Sept. $85c (66 delta)
http://www.investmenthouse.com/ci/fxc.html
Play Date: 07/01/2009
PNRA (Panera Bread--$50.53; +0.67; optionable): Some pretty good sandwiches
http://biz.yahoo.com/p/p/pnra.html
After Hours: $50.53
EARNINGS: 07/28/2009
STATUS: Descending triangle. Yes this can be a bearish pattern, but with PNRA at support over the 200 day SMA (49.57) that coincides with support from the summer 2008, fall 2007, January 2009, etc., we are looking for the bread to rise once more. The pattern is tightening the past week, something that often happens ahead of a break. It can still break lower, but this is a great support level and position to move in if PNRA starts to break higher. Now one thing stocks sometimes do in this position is break lower as if they are going to break down; they can even close below support. If they reverse and recover the support, however, they tend to make the run you were originally looking for. Thus this is a very good risk/reward point for a stock that tends to run very well. With the other eateries moving we think PNRA is going to do the same for us, and there is plenty of upside room.
Volume: 792.006K Avg Volume: 954.197K
BUY POINT: $50.91 Volume=1.3M Target=$58.95 Stop=$49.36
POSITION: UPA KJ - Oct. $50c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/pnra.html
New buy point on current position:
Play Date: 07/01/2009
MR (Mindray Medical Intl.--$28.12; +0.20; optionable): Chinese medical instruments
http://biz.yahoo.com/p/m/mr.html
After Hours: $27.90
EARNINGS: 05/11/2009
STATUS: Test breakout. The Mindray is an amazing device. Okay, it might be; who knows? The pattern is, however, quite nice. A strong break higher last week, clearing a nice ascending triangle. We were in on that move and are looking at some more positions as MR tests, tapping at the 10 day EMA (27.29) on the Wednesday low and rebounding to close flat. Volume surged: the buyers ran back in on the test. Looking for a continued move higher to take some more positions.
Volume: 1.473M Avg Volume: 1.009M
BUY POINT: $28.32 Volume=1.2M Target=$33.88 Stop=$27.08
POSITION: MR JE - Oct. $25c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/mr.html
Downside:
Play Date: 07/01/2009
DIG (Oil & Gas Ultra ETF--$26.57; +0.04; optionable)
After Hours: $26.65
STATUS: Bear flag. This is another play on oil, this to the downside versus the upside SCO ultrashort ETF. DIG tanked the second and third week of June then rebounded last week, coming back to fill the last gap, tapping the 50 day EMA (27.64) on the Wednesday high, then rolling over to close flat. That is that intraday reversal action seen overnight earlier in the week. Looking for the break lower from this low volume rebound that formed the flag to give us the buy point. A move to the target lands a 42%ish gain.
Volume: 7.123M Avg Volume: 11.483M
BUY POINT: $26.48 Volume=12M Target=$24.05 Stop=$27.76
POSITION: DIC UA - Sept. $27p (-57 delta)
http://www.investmenthouse.com/ci/dig.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
|
