|
|
trade stock, stock trading site
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 08/27/2009
HAL (Halliburton--$24.40; -0.32; optionable): Oil and gas service company
http://biz.yahoo.com/p/h/hal.html
After Hours: $24.49
EARNINGS: 07/20/2009
STATUS: Flag. HAL broke higher from a 15 week reverse head and shoulders base last week, moving higher on strong volume. Starting Tuesday HAL began the test, and Thursday it tapped the 18 day EMA (23.68) on the low and snapped right back up to close over the 10 day EMA (24.19) as well as the May and June peaks. Nice shakeout and hold of support puts HAL in a good position to continue the breakout. There is plenty of room to run here with 30 as some modest resistance but really open field to 35.
Volume: 12.344M Avg Volume: 15.733M
BUY POINT: $24.66 Volume=18M Target=$29.97 Stop=$23.58
POSITION: HAL AV - Jan. $22c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/hal.html
Play Date: 08/27/2009
RIG (Transocean--$77.34; +0.78; optionable): Offshore drilling services
http://biz.yahoo.com/p/r/rig.html
After Hours: $77.30
EARNINGS: 11/04/2009
STATUS: Pennant. One of those stocks that has been working on its base and Thursday it gapped lower, undercut the 50 day EMA (75.74) but held the May closing high and other price points at the 75 level and bounced. Looks to be making a higher low at this point in its 11 week pattern consolidating the nice March to early June run. Looking for a break higher again, preferably on stronger volume.
Volume: 3.315M Avg Volume: 4.967M
BUY POINT: $77.68 Volume=5.5M Target=$89.95 Stop=$74.77
POSITION: RIG AP - Jan. $80c (41 delta) or RIG KO - Nov. $75c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/rig.html
Play Date: 08/27/2009
RS (Reliance Steel--$36.85; +0.62; optionable): Metal fabrication
http://biz.yahoo.com/p/r/rs.html
After Hours: $36.85
EARNINGS: 10/22/2009
STATUS: Pennant. Commodities and energy have been working on their bases the past there months and RS is getting ripe and sweet. Nice 11 week base has set up, making higher lows as it pinches off in the pattern right at the 50 day EMA (36.13). It has taken its time to set up and now it looks ready. Thursday it tested, but not nearly as far as other stocks, held the line, and bounced up through the June to August down trendline. Looks solid and we are looking at a move higher from here that sticks to give us the buy.
Volume: 893.878K Avg Volume: 1.129M
BUY POINT: $37.21 Volume=1.4M Target=$44.75 Stop=$34.61
POSITION: RS LG - Dec. $35c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/rs.html
Play Date: 08/27/2009
SCHN (Schnitzer Steel--$53.81; +0.05; optionable): Steel and iron
http://biz.yahoo.com/p/s/schn.html
After Hours: $53.81
EARNINGS: 06/30/2009
STATUS: Ascending base. Strong March to June run (what is new there, eh?), a selloff into early July, and then the work on the current 7 week base. The pullback to early July was to a key level at 45 where SCHN peaked in February and held on the May low. It has built this base off that level, surging nicely last week and then testing that move this week. Similar to many in the commodities area, SCHN reached lower intraday and then reversed to close flat, holding support and showing a nice hammer doji on the session. Set up nicely to make the break higher from this higher low.
Volume: 301.778K Avg Volume: 787.276K
BUY POINT: $54.46 Volume=875K Target=$64.95 Stop=$50.65
POSITION: SQQ AK - Jan. $55c (49 delta) or SQQ KJ - Nov. $50c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/schn.html
CONTINUING PLAYS:
Play Date: 08/26/2009
BOOM (Dynamic Materials--$17.06; +0.15; optionable): Industrial Materials
http://biz.yahoo.com/p/b/boom.html
After Hours: $16.89
EARNINGS: 07/30/2009
STATUS: Flat. BOOM stepped laterally along the 50 day EMA (16.95) as support as it takes a breather at this testing low a bit more after a quiet pullback to start the week. It has fading low volume and it looks great to turn things uphill soon after this easy test to the 17s and solid support from the 50 day. Once it shows stronger volume and starts higher again we can enter. To Recap: BOOM is moving in a 6 week trading range from 16 to 17 following the March to June run then a fade back into early July. Nice surge, made its dip, and now it is working laterally in a narrow range. Really like that it can run back up to the June high near 22.50 and make us some great money without have to make a new breakout.
Volume: 119.032K Avg Volume: 378.827K
BUY POINT: $17.11 Volume=450K Target=$21.95 Stop=$15.91
POSITION: QCB LC - Dec. $15c (71 delta) &/or Stock
http://www.investmenthouse.com/ci/boom.html
Play Date: 08/25/2009
XLNX (Xilinx--$22.08; -0.09; optionable): Semiconductors
http://biz.yahoo.com/p/x/xlnx.html
After Hours: $22.33
EARNINGS: 10/14/2009
STATUS: Breakout test. XLNX made another short step lower in this week's quiet pullback to the 10 day EMA at 22.0 as modest support. This is a solid setup for the move higher with this kiss at the 10 day and the light volume in the test so it looks great for the rebound soon. Once it bounces on stronger trade and can hold the move into the close we will enter. To Recap: XLNX broke higher last week with a nice surge off the 50 day EMA (21.10) that took it out of a 16 week triangle. Nice breakout over key resistance from back in September 2008 as well as the current base. It has a pair of very nice, orderly days of testing at the 10 day EMA (21.93) and is getting ready for the next pop. When XLNX continues the break higher we are ready to move in on this breakout.Volume: 3.782M Avg Volume: 7.209M
BUY POINT: $22.44 Volume=8.5M Target=$26.95 Stop=$21.54
POSITION: XLQ AD - Jan. $20c (73 delta) &/or Stock
http://www.investmenthouse.com/ci/xlnx.html
Downside:
Play Date: 08/24/2009
BRCM (Broadcom--$27.95; +0.14; optionable): Semiconductors and Wireless Communications
http://biz.yahoo.com/p/b/brcm.html
After Hours: $28.17
EARNINGS: 07/23/2009
STATUS: Reversal Top. BRCM made another move laterally Thursday on below average volume, bumping up against resistance at the 78% Fibonacci retracement level. If it fails at this level we will look for this play. It would be aggressive, but if the techs fall then BRCM is in prime position to make us some great money. To Recap: BRCM is looking pretty interesting as it peaked in late July before gapping lower and making a lower high in early August. It sold to the 26.0 mark last Monday, the point where it gapped higher in July. After that test it rebounded and is not at the 78% Fibonacci retracement level, often key for a downside setup. Monday BRCM tried to rally further but reversed, closing well off its intraday high. Lower high after a double top, 79% Fibonacci retracement; looks pretty solid for the downside. If it makes the break lower it is in good position to try a downside move. A move to our target lands an 80%ish gain.
Volume: 6.52M Avg Volume: 9.499M
BUY POINT: $27.48 Volume=10M Target=$24.45 Stop=$28.46
POSITION: RBF VB - Oct. $28p (-49 delta)
http://www.investmenthouse.com/ci/brcm.html
Play Date: 08/24/2009
FFIV (F5 Networks--$34.46; +0.41; optionable): Internet Software
http://biz.yahoo.com/p/f/ffiv.html
After Hours: $34.09
EARNINGS: 07/22/2009
STATUS: Head and Shoulders. FFIV took a short step higher through Thursday on rising below average volume to hold up at key resistance from its 50 day EMA (34.75). It continues to set up for the hard move lower as it sold early in the week from 35, and now tests the key resistance near there and looks great to fall. Once it does get going lower off of this quick test we will be ready to enter if volume is in the move. To Recap: FFIV is in a solid eight week Head & Shoulders pattern, spending last week bouncing up off the neckline only to falter Friday and again, Monday, forming the right shoulder. It made the first Shoulder in late June at the high of the run from March's low before testing and climbing up to 38 in late July to make the head. Last Friday FFIV tested the 50 day EMA (34.81) and held; Monday it could not hold the 50 day but did hold last week's low on the close. Some serious downside volume the past two sessions, but FFIV did manage to come back from real trouble Monday. If it cannot hold the line here, however, we are looking for a downside play to down near the May peak. A move to our initial target lands a 60%ish gain.
Volume: 1.292M Avg Volume: 1.998M
BUY POINT: $33.97 Volume=3M Target=$30.88 Stop=$35.77
POSITION: FLK VG - Oct. $35p (-52 delta)
http://www.investmenthouse.com/ci/ffiv.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.
|
trade stock
stock trading site
|
