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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 07/13/2009
AKS (AK Steel Holding--$16.40; +0.51; optionable): Steel
http://biz.yahoo.com/p/a/aks.html
After Hours: $16.35
EARNINGS: 07/21/2009
STATUS: AKS is riding on the 50 day EMA (15.91) the past three sessions, holding over support from the May peak and early June peak. This hold at support is combined with a stair-step pattern that sets up some more upside after a pullback. It will either show the break higher here or not and the near support makes it a good risk/reward opportunity if it shows the break higher.
Volume: 7.109M Avg Volume: 10.294M
BUY POINT: $16.68 Volume=12M Target=$19.95 Stop=$15.38
POSITION: ASJ IC - Sept. $15c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/aks.html
Play Date: 07/13/2009
FWLT (Foster Wheeler--$19.23; -0.09; optionable): Heavy construction
http://biz.yahoo.com/p/f/fwlt.html
After Hours: $19.23
EARNINGS: 08/05/2009
STATUS: After a pretty ugly selloff from mid-June through last week FWLT found a support level dating back to 2005 and 2006; amazing how these old levels work. Anyway, FWLT has held at that support and is working laterally, showing some good upside volume Thursday and again Monday as it sold and then rebounded. Great position to break higher, great risk/reward point. Looking for a move higher that can sustain itself into the close to give us the buy.
Volume: 3.118M Avg Volume: 3.062M
BUY POINT: $19.62 Volume=4M Target=$24.94 Stop=$18.11
POSITION: UFB KW - Nov. $17.50c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/fwlt.html
Play Date: 07/13/2009
PLCE (Childrens Place--$26.65; +0.93; optionable): Apparel stores, kids
http://biz.yahoo.com/p/p/plce.html
After Hours: $26.65
EARNINGS: 08/20/2009
STATUS: PLCE has formed a three week reverse head and shoulders pattern at the 200 day SMA (25.29) formed after a sharp selloff in June. It has found support at an old support line that held as lows and highs many times over. Showing some very solid action the past week, and though it is a retail stock they are showing very good patterns and action, and you cannot ignore that. Looking for a continued move higher to give us the buy.
Volume: 906.433K Avg Volume: 1.006M
BUY POINT: $26.88 Volume=1.4M Target=$33.94 Stop=$24.86
POSITION: TUY IE - Sept. $25c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/plce.html
Play Date: 07/13/2009
VWO (Vanguard Emerging Markets ETF--$30.87; +0.22; optionable)
After Hours: $30.90
STATUS: Pennant. Forming a neat little pennant here at the 50 day EMA (30.52). Only a 5 week pattern but some good upside volume, particularly Monday after a reach lower to support at 30 and a nice rebound to the close. Very nice setup and looking for a continued move higher to give us a buy.
Volume: 7.284M Avg Volume: 5.604M
BUY POINT: $30.97 Volume=7M Target=$35.75 Stop=$29.87
POSITION: VWO ID - Sept. $30c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/vwo.html
Downside:
Play Date: 07/13/2009
SWN (Southwestern Energy--$37.58; +0.80; optionable): Oil and gas
http://biz.yahoo.com/p/s/swn.html
After Hours: $37.58
EARNINGS: 07/30/2009
STATUS: Bear flag. SWN is rebounding, bouncing up the past week after a good selloff from another bear flag. Lower volume as SWN makes its rebound from its second selloff in the pattern; still plenty of downside. Will let it finish the bounce; it could go back to 38. Just going to wait for when it turns over and when it does and is heading into the close with a loss we are ready to move in. A move to the target lands a 65%ish gain.
Volume: 3.506M Avg Volume: 5.156M
BUY POINT: $37.36 Volume=5.5M Target=$33.25 Stop=$38.39
POSITION: TKQ TX - Aug. $38p (-47 delta)
http://www.investmenthouse.com/ci/swn.html
Play Date: 07/13/2009
XTO (XTO Energy--$35.39; +0.44; optionable): Oil and gas
http://biz.yahoo.com/p/x/xto.html
After Hours: $35.39
EARNINGS: 08/05/2009
STATUS: Bear flag. Another energy stock showing a bear flag. This is XTO's second after breaking lower in mid-June. Looking to add to positions after XTO finishes this bounce; it could go back up to 36. Whether it bounces on up to 36 or rolls over from here we will wait for it to make the move and head to the close sporting a loss to give us the buy point. A move to the target lands a 53%ish gain.
Volume: 6.022M Avg Volume: 7.953M
BUY POINT: $35.11 Volume=8.2M Target=$32.05 Stop=$36.18
POSITION: XTO TP - Aug. $38p (-47 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.
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stock recommendation
stock investment information
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