|
|
stock watch, stock trading site
Begin part 3 of 3
THE PLAYS:
********** *************
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.
********** *************
Upside:
Play Date: 11/18/2009
CAT (Caterpillar--$59.41; -0.47; optionable): Heavy equipment
http://biz.yahoo.com/p/c/cat.html
After Hours: $59.26
EARNINGS: 01/26/2010
STATUS: Ascending triangle. CAT is enjoying a solid uptrend since the late July breakout form a 2.5 month base, its first base off the March low. It has since formed a series of three smaller bases of 6 to 7 weeks each. Each time it broke higher with a strong surge of 7 to 8 points and then formed a new base. Right now CAT has made a higher low on top of the rising 10 day EMA (59.02) just as it did in September before that breakout and in October before that breakout. Looking for a break higher from the test the past two sessions. The 60 minute chart shows an even better pullback to test the modest gap higher to start the week. Good setup.
VIDEO: http://investmenthouse1.com/ihmedia/CAT.wmv
Volume: 6.627M Avg Volume: 10.139M
BUY POINT: $60.24 Volume=12M Target=$67.88 Stop=$57.94
POSITION: CAT BL - Feb. $60c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/cat.html
Play Date: 11/18/2009
PLCE (Childrens Place--$34.87; -0.13; optionable): Children's apparel stores
http://biz.yahoo.com/p/p/plce.html
After Hours: $35.00
EARNINGS: 11/19/2009
STATUS: Ascending triangle. Big surge off the March low doubled PLCE's price. It sold off half the gain into early July, but has been building a series of higher lows below that June peak at 36 ever since. The range is tightening this month with PLCE holding near support at the 18 day EMA (34.52) this week, tapping it on the low and then rebounding to close. Strong volume Wednesday, the first above average volume in two weeks. Looking for a break higher from here to enter the play.
VIDEO: http://investmenthouse1.com/ihmedia/PLCE.wmv
Volume: 1.203M Avg Volume: 949.789K
BUY POINT: $35.76 Volume=1.4M Target=$41.45 Stop=$33.26
POSITION: TUY CG - Mar. $35c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/plce.html
Play Date: 11/18/2009
REP (Repsol--$28.14; +0.24; optionable): Oil and Gas major
http://biz.yahoo.com/p/r/rep.html
After Hours: $28.13
EARNINGS: 11/12/2009
STATUS: Ascending triangle. This is REP's second triangle formed since it broke off the bottom in March and rallied into early June. It broke out of the prior triangle, one that was just about identical to this one, in early September and rallied to 28.50. It then formed this current pattern, making higher lows below that constant peak, building pressure for the breakout with those higher lows. Big volume spiked Friday and volume has remained elevated this week as REP makes a higher low at the 18 day EMA (27.74) near support. Stocks often launch breakouts from this pattern from the 18 day so after the Wednesday gap higher we are ready to move in as REP continues the move higher through the buy point.
VIDEO: http://investmenthouse1.com/ihmedia/REP.wmv
Volume: 266.561K Avg Volume: 430.244K
BUY POINT: $28.48 Volume=525K Target=$32.95 Stop=$26.89
POSITION: REP AE - Jan. $25c (70 delta) or REP DE - Apr. $25c (62 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/rep.html
Play Date: 11/18/2009
URBN (Urban Outfitters--$33.08; -0.64; optionable): Teen apparel stores
http://biz.yahoo.com/p/u/urbn.html
After Hours: $33.72
EARNINGS: 11/12/2009
STATUS: Breakout test. Broke out in late July and has rallied to mid-October. The past 4 weeks URBN has tested, tapping at the 50 day EMA (31.34) and recovering through last week with a lateral move. Broke higher Friday and Monday and has come back to test Tuesday and Wednesday, holding over the 18 day EMA (32.81). Looking for URBN to hold that level and rebound on some solid trade. That is when we move in.
VIDEO: http://investmenthouse1.com/ihmedia/URBN.wmv
Volume: 3.226M Avg Volume: 3.225M
BUY POINT: $33.55 Volume=4.2M Target=$37.95 Stop=$31.32
POSITION: HXW CF - Mar. $32c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/urbn.html
Downside:
Play Date: 11/18/2009
WMS (Williams Industries--$43.07; -1.50; optionable): Resorts and casinos
http://biz.yahoo.com/p/w/wms.html
After Hours: $43.43
EARNINGS: 10/26/2009
STATUS: WMS' steady uptrend off the March low reversed to end October as it gapped lower on earnings. Big volume is important and it had it. It also needed to move through a support level and it did, the top of the September consolidation. Sold off to the bottom of that trading range and then recovered this month. Made it back to the top of the range Tuesday then reversed Wednesday on a shot of stronger, average trade. That rebound retraced 50% of the selloff. It double topped at that level; just what you want. Ready to move in as WMS continues downside. A move to the target lands a 58%ish gain.
VIDEO: http://investmenthouse1.com/ihmedia/WMS.wmv
Volume: 1.135M Avg Volume: 1.074M
BUY POINT: $42.87 Volume=1.4M Target=$38.55 Stop=$44.98
POSITION: WMS MI - Jan. $45p (-58 delta)
http://www.investmenthouse.com/ci/wms.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.
|
stock watch
stock trading site
|
