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stock recommendation, stock market recommendation
Begin part 3 of 3
THE PLAYS:
Upside:
Play Date: 10/29/2009
ADSK (Autodesk--$25.85; +0.37; optionable): Technical software (CAD)
http://biz.yahoo.com/p/a/adsk.html
After Hours: $25.85
EARNINGS: 08/13/2009
STATUS: Flag. ADSK surged higher to start October, moving off the bottom of its 8 week double bottom base. Nice breakout and run up to 27.30 on the high. The past week ADSK tested that move, coming back with the market and on lower, below average volume. Volume did jump Wednesday as it tested the August peak, the 18 day EMA, and the 38% Fibonacci retracement point. Thursday ADSK started to bounce higher. If it can continue and preferably show some volume it is a buy after this very nice test to a solid breakout.
Volume: 2.348M Avg Volume: 4.138M
BUY POINT: $25.97 Volume=5M Target=$30.94 Stop=$24.97
POSITION: ADQ AE - Jan. $25c (58 delta) &/or Stock
http://www.investmenthouse.com/cd/adsk.html
Play Date: 10/29/2009
HAL (Halliburton--$30.33; +1.39; optionable): Oil and gas service company
http://biz.yahoo.com/p/h/hal.html
After Hours: $30.40
EARNINGS: 01/25/2010
STATUS: ABCD: HAL is tracing out this pattern over the past two weeks. HAL surged from the early October pullback through last week, sporting some strong volume along the way. It is now stepping back and in this pullback has outlined an ABCD pattern. Thursday it surged higher, forming the D point. Ready to move in as HAL continues higher. If it tests back to 30 and holds, cool.
Volume: 18.4M Avg Volume: 15.16M
BUY POINT: $30.54 Volume=23M Target=$34.95 Stop=$28.41
POSITION: HZL AA - Jan. $27c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/hal.html
Play Date: 10/29/2009
ITW (Illinois Took Works--$46.94; +0.82; optionable): Machinery
http://biz.yahoo.com/p/i/itw.html
After Hours: $46.94
EARNINGS: 10/20/2009
STATUS: After surging on earnings ITW sold back with the rest of the market the past week but it was very orderly, unlike many stocks. ITW held the 18 day EMA (46.11) that is coincident with the 38% Fibonacci retracement level. Good bounce Thursday, and if ITW can continue we will move into some positions.
Volume: 3.286M Avg Volume: 3.624M
BUY POINT: $47.12 Volume=4.8M Target=$52.25 Stop=$45.77
POSITION: ITW AI - Jan. $45c (57 delta) &/or Stock
http://www.investmenthouse.com/cd/itw.html
New play on current position:
Play Date: 10/29/2009
FFIV (F5 Networks--$46.49; +1.15; optionable): PC networking
http://biz.yahoo.com/p/f/ffiv.html
After Hours: $46.77
EARNINGS: 01/20/2010
STATUS: Flag. After gapping higher on earnings, FFIV has made a nice orderly pullback to near support at the 10 day EMA (45.26) and the Fibonnaci 50% retracement. Solid bounce Thursday and if FFIV continues we will look at adding some partial positions.
Volume: 1.389M Avg Volume: 1.645M
BUY POINT: $46.66 Volume=2M Target=$52.45 Stop=$43.77
POSITION: FLK AI - Jan. $45c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/ffiv.html
Good Investing!
Jon L. Johnson and The Daily Staff
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 of 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 market recommendation
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