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trade stock, stock watch
Begin part 3 of 3
THE PLAYS:
********** *************
Each play contains a 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. *********** *************
Upside:
New Pre-Announcement Play:
Play Date: 03/01/2010
DBRN (Dress Barn--$25.73; +0.87; optionable): Apparel stores
http://biz.yahoo.com/p/d/dbrn.html
After Hours: $26.15
EARNINGS: 03/01/2010
STATUS: DBRN is breaking to a new 3 year high, clearing a 7 week base that consolidated the solid November to January run. Used the 50 day EMA as support on the lows of the pattern, an indication of continued buyer support. Nice, orderly setup in the base followed by a strong breakout Monday on strong volume. Looking to pick up some positions as DBRN continues higher and then we will look at additional positions on a successful test of the breakout.
VIDEO: http://investmenthouse1.com/ihmedia/DBRN.wmv
Volume: 2.127M Avg Volume: 998.31K
BUY POINT: $25.84 Volume=1.1M Target=$29.95 Stop=$23.89
POSITION: DBRN 10F25.00 - June $25c 60 delta) &/or Stock
Play Date: 03/01/2010
HCSG (Healthcare Services Group--$22.37; +0.41; optionable): Healthcare business services
http://biz.yahoo.com/p/h/hcsg.html
After Hours: $22.37
EARNINGS: 04/14/2009
STATUS: HCSG looks ready to break to a two year high as it clears an 8-week cup with handle base. Showing some solid volume last week on the upside sessions, indicating the buyers were there even if the trade was pretty low on Monday. Though HCSG is ready for a 2 year high it is still in a much larger 2.5 year base, about at the halfway point between the bottom and the prior peak. Thus it is not overbought in the bigger picture. Looking to pick up some positions as HCSG continues higher then completing the buy as HCSG tests the move and holds.
VIDEO: http://investmenthouse1.com/ihmedia/HCSG.wmv
Volume: 144.233K Avg Volume: 158.252K
BUY POINT: $22.49 Volume=250K Target=$25.94 Stop=$21.22
POSITION: HCSG 10F22.50 - June $22.50c (48 delta) &/or Stock
Downside:
Play Date: 03/01/2010
BWLD (Buffalo Wild Wings--$43.30; -0.65; optionable): Wings restaurants
http://biz.yahoo.com/p/b/bwld.html
After Hours: $43.54
EARNINGS: 04/26/2010
STATUS: Breakaway gap. BWLD gapped lower mid-February, filling the mid-January upside gap on the move. The past two weeks BWLD rebounded, making it back to the 50 day EMA that is coincident with the September, October, and November peaks late last week. Doji at that level Friday, then selling back down Monday on rising volume, the highest volume in over a week. These breakaway gaps tend to continue in the direction of the gap, and with the Monday move we are looking for BWLD to head lower from here after failing at resistance. That move to the bottom of the range near 39.50 lands a 55%ish gain.
VIDEO: http://investmenthouse1.com/ihmedia/BWLD.wmv
Volume: 432.335K Avg Volume: 445.477K
BUY POINT: $43.17 Volume=500K Target=$40.04 Stop=$44.31
POSITION: BWLD 10P45.00 - Apr. $45p (-60 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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