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trade stock, stock watch
Begin part 3 of 3
THE PLAYS:
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NEW FEATURE: Each play contains an additional link to a VIDEO that discusses the play in terms of the CHART PATTERN it is currently showing. Patterns, buy points, and targets are discussed along with other points that make the play a good one as well as what areas to watch for. We hope you enjoy this new addition.
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Upside:
Play Date: 11/16/2009
ACH (Aluminum Corp of China--$29.39; +1.26; optionable): Aluminum
http://biz.yahoo.com/p/a/ach.html
After Hours: $29.39
EARNINGS: 10/28/2009
STATUS: Ascending triangle. Good volume Monday as ACH jumped off a higher low in its 3.5 month pattern. This is ACH's first significant base off of its rally from the March low; a good foundation for a new move higher. Nice action with the rising lows creating pressure for a breakout as the buyers enter a bit sooner with each test lower. Looking to enter some positions as ACH continues upside and then after a test. Very nice.
VIDEO: http://investmenthouse1.com/ihmedia/ACH.wmv
Volume: 996.797K Avg Volume: 774.42K
BUY POINT: $29.49 Volume=850K Target=$34.95 Stop=$27.51
POSITION: ACH BC - Feb. $29c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/ach.html
Play Date: 11/16/2009
FMX (Fomento Economico--$44.10; +0.60; optionable): Beverages, breweries, Corona
http://biz.yahoo.com/p/f/fmx.html
After Hours: $44.10
EARNINGS: 10/28/2009
STATUS: Pennant. Strong surge to start October, blasting higher on strong trade and clearing an 8 week consolidation. That huge move made for the flag pole and now FMX has formed yet another nice consolidation over the rising 50 day EMA (41.94). This past week FMX made a higher low and we are looking for a break higher to give us the entry.
VIDEO: http://investmenthouse1.com/ihmedia/FMX.wmv
Volume: 978.037K Avg Volume: 1.811M
BUY POINT: $44.34 Volume=2M Target=$49.95 Stop=$41.82
POSITION: FMX AH - Jan. $40c (70 delta) or FMX DI - Apr. $45c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/fmx.html
Play Date: 11/16/2009
NKE (Nike--$66.10; +1.68; optionable): Sports apparel, equipment
http://biz.yahoo.com/p/n/nke.html
After Hours: $66.10
EARNINGS: 12/17/2009
STATUS: Calling this a reverse head and shoulders but the left shoulder is not really that well formed. Nonetheless, the consolidation appears to be working as NKE broke higher Monday. This consolidation formed after the late September gap from a 4 month base. There is some resistance at 70 that could slow NKE down a bit, but we like the action and the setup for a new run. Ready to move in with some positions as NKE continues this move and then we see how it reacts to 69-70 and if we get another entry point off of that.
VIDEO: http://investmenthouse1.com/ihmedia/NKE.wmv
Volume: 2.595M Avg Volume: 3.767M
BUY POINT: $66.24 Volume=4M Target=$74.95 Stop=$62.88
POSITION: NKE DM - Apr. $65c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/nke.html
Play Date: 11/16/2009
YTEC (Yucheng Technologies--$8.10; +0.09; no options): Chinese business software services
http://biz.yahoo.com/p/y/ytec.html
EARNINGS: 11/05/2009
STATUS: Cup w/handle. YTEC has set up again , rallying sharply off the November low and clearing the September and October peaks. It has come back to test the past week, holding those peaks as it forms the handle or short flag pattern at the end of the base. Nice upside volume and we are looking for YTEC to turn back up from here and give us the buy. Very nice setup for a run up to the prior high at 9.50 as our initial target.
VIDEO: http://investmenthouse1.com/ihmedia/YTEC.wmv
Volume: 18.17K Avg Volume: 65K
BUY POINT: $8.22 Volume=125K Target=$9.48 Stop=$7.64
POSITION: - Stock (option spread too wide)
http://www.investmenthouse.com/ci/ytec.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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