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trend trading stock, stock watch
Begin part 3 of 3
THE PLAYS:
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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:
New Post-Split Play:
New play on a current position:
Play Date: 02/17/2010
RIMM (Research in Motion--$70.40; +0.15; optionable)
http://biz.yahoo.com/p/r/rimm.html
After Hours: $70.47
EARNINGS: 03/31/2010
STATUS: Flag. Really like this modest pullback this week after RIMM rallied last Thursday and Friday on solid trade. Indeed it gapped higher Friday, but then on the Tuesday and Wednesday intraday lows it filled the gap and then rebounded to the close. May test another day or two but really like this quiet test of that gap higher and as RIMM continues higher we take some more positions.
VIDEO: http://investmenthouse1.com/ihmedia/RIMM.wmv
Volume: 12.686M Avg Volume: 15.918M
BUY POINT: $70.68 Volume=22M Target=$88.91 Stop=$65.73
POSITION: RIMM 10F70.00 - June $70c (52 delta) &/or Stock
Leader Play:
Play Date: 02/17/2010
IOC (Interoil Corp.--$68.35; -0.56; optionable): Oil and gas refining, marketing
http://biz.yahoo.com/p/i/ioc.html
After Hours: $68.26
EARNINGS: 2/05/2010
STATUS: ABCD. IOC set up this pattern with the November to January run, then stair-stepping down and bottoming at the early December gap up point. Good fill and that bounced IOC upside, Monday the stock gapped through the 50 day EMA. Tuesday it faded modestly on light trade, testing the move. May come back a bit more toward the 50 day (66.90) before heading back upside; whether from the Thursday close or after a test we are looking to move in as IOC continues the break higher.
VIDEO: http://investmenthouse1.com/ihmedia/IOC.wmv
Volume: 520.129K Avg Volume: 1.343M
BUY POINT: $69.04 Volume=1.6M Target=$82.44 Stop=$65.89
POSITION: IOC 10F70.00 - June $70c (47 delta) &/or Stock
Downside:
Play Date: 02/17/2010
FWLT (Foster Wheeler--$27.56; -0.41; optionable): Heavy construction
http://biz.yahoo.com/p/f/fwlt.html
After Hours: $27.55
EARNINGS: 02/25/2010
STATUS: Bear flag. After trading in a range from September to January, FWLT broke down after what looked to be an ordinary test to the bottom of the range. Instead it wheeled over in early February and sliced through the bottom of the range at 28 as well as the 200 day SMA (28.24). Decent rebound the past week, but Wednesday FWLT gapped higher only to hit the price resistance and the 200 day SMA and rolling over to negative. If it continues we look to move in and ride it to the initial target for a 50%ish gain.
VIDEO: http://investmenthouse1.com/ihmedia/FWLT.wmv
Volume: 2.165M Avg Volume: 2.299M
BUY POINT: $27.37 Volume=3M Target=$24.28 Stop=$28.69
POSITION: FWLT 10Q28.00 - May $28p (-49 delta)
Play Date: 02/17/2010
RL (Ralph Lauren--$80.30; +0.58; optionable): Apparel
http://biz.yahoo.com/p/r/rl.html
After Hours: $80.30
EARNINGS: 02/03/2010
STATUS: Test 50 day EMA. After a solid, long trend higher up the 50 day EMA (80.70), RL gapped lower in early February on its earnings. It broke below a support level at 80 and fell to 75. It reversed there and recovered the past 7 sessions, making its way back to the 50 day EMA. Low volume on that move as RL tapped the 50 day EMA on the Wednesday peak. Looking to move in as RL turns back down and holds the move into the close. A move to our initial target lands a 53%ish gain.
VIDEO: http://investmenthouse1.com/ihmedia/RL.wmv
Volume: 885.673K Avg Volume: 1.164M
BUY POINT: $79.44 Volume=1.4M Target=$75.05 Stop=$80.98
POSITION: RL 10P80.00 - Apr. $80p (-45 delta)
Good Investing!
Jon L. Johnson and the Stock Split Report 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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trend trading stock
stock watch
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