trade stock, stock recommendation

Begin part 3 of 3

Upside: Some good setups ahead of the FOMC meeting.

Play Date: 11/03/2009
AMT (American Tower--$38.42; +1.29; optionable): Communications towers
http://biz.yahoo.com/p/a/amt.html
After Hours: $37.84
EARNINGS: 11/03/2009
STATUS: ABCD/Test 50 day EMA. After breaking out from a 5 month range, AMT is now stair-stepping up the 50 day EMA (36.49) and is currently making its second bounce off of that level post-breakout. Nice strong upside runs followed by orderly pullbacks. This time around AMT has formed something of an ABCD pattern to go along with the pullback, giving it a bit more allure. Tuesday AMT announced its earnings results and posted a steady gain on above average volume, and this is giving us the opportunity to move into the stock. If it fades a bit to 38ish early that is fine as we can pick it off the test. If it continues higher it is worth some positions.
Volume: 4.259M Avg Volume: 3.654M
BUY POINT: $38.59 Volume=4.5M Target=$43.89 Stop=$36.21
POSITION: AMT AU - Jan. $37.50c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/amt.html

Play Date: 11/03/2009
BKE (Buckle, Inc.--$31.05; +0.47; optionable): Apparel stores
http://biz.yahoo.com/p/b/bke.html
After Hours: $31.05
EARNINGS: 11/19/2009
STATUS: ABCD. Nice surge September through mid-October, reversing BKE's May to September downtrend. BKE proceeded to drop the past three weeks, falling to the 200 day SMA (30.04) last week and riding laterally along that support. Started to rise this week and we are looking to move in if BKE can keep the move alive and clear the 50 day EMA (31.23). Plenty of room to run to the upside.
Volume: 760.116K Avg Volume: 1.192M
BUY POINT: $31.32 Volume=1.3M Target=$36.95 Stop=$29.47
POSITION: HJK LF - Dec. $30c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/bke.html

Play Date: 11/03/2009
NFLX (Netflix--$53.75; -0.05; optionable): Videos by mail
http://biz.yahoo.com/p/n/nflx.html
After Hours: $53.80
EARNINGS: 10/22/2009
STATUS: Flag. Impressive surge two weeks back on a strong earnings report blasted NFLX out of a 7 month base. Strong surge to a new all-time high. After that move it needed a breather and it has come back to the 10 day EMA this week (52.94), matching the 50% Fibonacci retracement level. Lots of momentum in NFLX so we are looking for a break higher off of this test to give us a good entry point on the continuing run higher following the breakout test.
Volume: 1.535M Avg Volume: 1.251M
BUY POINT: $54.38 Volume=1.8M Target=$62.55 Stop=$51.22
POSITION: QNQ AJ - Jan. $50c (70 delta) &/or Stock
http://www.investmenthouse.com/ci/nflx.html

Downside:

Play Date: 11/03/2009
MBT (Mobile Telesys--$47.96; +1.18; optionable): Russian wireless telecom
http://biz.yahoo.com/p/m/mbt.html
After Hours: $46.72
EARNINGS: 11/12/2009
STATUS: ABCD downside. After a steady move higher MBT reversed on sharp trade and sold off to end October. That as a significant correction. It has rebounded some the past week, moving back up to the 50 day EMA (47.58) it broke on the way down. Its up and down move has set up an ABCD pattern to the downside, and even though it bounced Monday and Tuesday, volume was very low and thus we are looking for MBT to roll over the next few sessions after it completes this modest recovery bounce and heads lower. A move to the target lands a 50%ish gain.
Volume: 1.356M Avg Volume: 1.514M
BUY POINT: $47.44 Volume=1.8M Target=$43.04 Stop=$48.84
POSITION: MBT XJ - Dec. $50p (-62 delta)
http://www.investmenthouse.com/ci/mbt.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 recommendation