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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 08/10/2009
BHP (BHP Billiton--$62.53; -1.90; optionable):
http://biz.yahoo.com/p/b/bhp.html
After Hours: $62.32
EARNINGS: 08/12/2009
STATUS: Flag/breakout test. Double bottomed in Q1 2009 and broke out in April, rallying to mid-June. It formed its second base off the low and broke out to end July. Rallied to a new high on that move and is now testing that breakout, coming back to the 18 day EMA (61.65) this week. Gapped lower and showed a doji at the 18 day Monday. Looking for BHP to bounce off of this test of near support and give us the buy.
Volume: 3.167M Avg Volume: 5.256M
BUY POINT: $63.31 Volume=7M Target=$72.94 Stop=$60.67
POSITION: BHP KL - Nov. $60c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/bhp.html
Play Date: 08/10/2009
FCX (Freeport McMoran--$62.38; -1.03; optionable):
http://biz.yahoo.com/p/f/fcx.html
After Hours: $62.14
EARNINGS: 07/21/2009
STATUS: Flag/gap fill. After a long run higher from January to June FCX formed a double bottom spanning June to July and broke out mid-July. Rallied nicely to end the month and then gapped higher to start August as new money came in. It has since worked laterally, testing back to the 10 day EMA (61.74) through Monday. Nice test of the gap and now FCX is in great shape to continue higher. As it makes the next upside break and holds it into the close, it is a buy.
Volume: 11.822M Avg Volume: 18.244M
BUY POINT: $63.22 Volume=21M Target=$75.95 Stop=$59.21
POSITION: FCX KL - Nov. $60c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/fcx.html
Play Date: 08/10/2009
GIS (General Mills--$58.14; +0.61; optionable):
http://biz.yahoo.com/p/g/gis.html
After Hours: $58.14
EARNINGS: 07/01/2009
STATUS: Gap Test. GIS bottomed in March (what is new?), trending higher through June. Then it gapped higher to start July on its strong earnings. Didn't do much with that gap, however, moving laterally all of July. It came back to the gap up point this past week, now coincident with the 200 day and 50 day EMA all right at 57.0. Starting in a nice bounce here Monday now as it jumped off that key support intraday and closed well positive so GIS getting our attention early on this week with a solid start. Like the rising below average volume as well.
Volume: 2.517M Avg Volume: 3.14M
BUY POINT: $58.44 Volume=4M Target=$67.42 Stop=$56.48
POSITION: GIS JK - Oct. $55c (74 delta) &/or Stock
http://www.investmenthouse.com/ci/gis.html
Play Date: 08/10/2009
SWHC (Smith & Wesson--$5.94; -0.12; optionable):
http://biz.yahoo.com/p/s/swhc.html
After Hours: $6.09
EARNINGS: 06/22/2009
STATUS: Cup w/handle. Still testing the mid July high of its three month pattern. After a solid surg in July SWHC is testing back the past three weeks, holding key support at the 50 day EMA (5.88) as the bottom of the handle. Nice easy low volume test and just looking for a break higher on rising volume to give us the buy.
Volume: 848.303K Avg Volume: 1.721M
BUY POINT: $6.13 Volume=2M Target=$7.48 Stop=$5.71
POSITION: UWJ LA - Dec. $5c (72 delta) &/or Stock
http://www.investmenthouse.com/ci/swhc.html
Downside:
Play Date: 08/10/2009
BKE (Buckle, Inc.--$26.87; -1.21; optionable):
http://biz.yahoo.com/p/b/bke.html
After Hours: $26.87
EARNINGS: 08/20/2009
STATUS: March to May took BKE solidly higher after its breakout from its first base formed off the November low. Since that run it has sold back, consolidating the move. No problem with that, but then BKE gapped lower last week, gapping below the 200 day SMA (27.42). It tried to recovered the level and did on Friday, only to give it up Monday. Significant gaps such as this tend to continue to move in the direction of the gap. Looks as if the attempt to recover is rather short lived and thus we are ready to move in as BKE breaks lower from here. A move to the target lands a 40%ish gain.
Volume: 1.843M Avg Volume: 1.284M
BUY POINT: $26.66 Volume=1.8M Target=$24.08 Stop=$28.44
POSITION: BKE UF - Sept. $30p (-66 delta)
http://www.investmenthouse.com/ci/bke.html
Play Date: 08/10/2009
IOC (Interoil Corp.--$28.26; -0.33; optionable):
http://biz.yahoo.com/p/i/ioc.html
After Hours: $28.52
EARNINGS: 08/05/2009
STATUS: Saw IOC trend higher through the first half of 2009 up to the 37.7 level where it failed once in late May and again in early June for a nice Dbl top to lead it lower all the way to 24ish in late June. From there tried a rebound to the 30 level and has since failed twice, and now in early August would be the third as it steadily turns lower here. 30 has hefty resistance from May and July 08 highs, then way back in late 2006 with two highs so as IOC now heads downhill again here, on rising below average volume no less, things set up pretty nicely for the buy. A move to the target lands a 42%ish gain.
Volume: 193.944K Avg Volume: 503.78K
BUY POINT: $28.04 Volume=650K Target=$25.00 Stop=$29.72
POSITION: IOC UF - Sept. $30p (-57 delta)
http://www.investmenthouse.com/ci/ioc.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
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