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us stock market, 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. *********** *************
Upside:
Play Date: 05/27/2010
BID (Sothebys--$32.69; +2.78; optionable): Auctions
http://biz.yahoo.com/p/b/bid.html
After Hours: $33.20
EARNINGS: 08/02/2010
STATUS: ABCD up. Familiar pattern in the market after the February to April surge followed by the May selling. A stair-step back down and now a new rally higher on solid, above average volume. Thursday BID was bid up through the 50 day EMA on the close on that stronger volume. Looking to start some positions as BID continues this move and then we see how it tests and whether it holds and we get a new entry. Looking for a rally to the top of the pattern as our initial target. BID has made us good money before and with its momentum we are ready to move in.
VIDEO: http://investmenthouse1.com/ihmedia/BID.wmv
Volume: 1.849M Avg Volume: 1.792M
BUY POINT: $32.77 Volume=2.2M Target=$38.91 Stop=$30.48
POSITION: BID 10J30.00 - Oct. $30c (66 delta) &/or Stock
Play Date: 05/27/2010
EAT (Brinker Intl.--$17.97; +0.60; optionable): Fast food chains
http://biz.yahoo.com/p/e/eat.html
After Hours: $17.97
EARNINGS: 08/12/2010
STATUS: Double bottom. After a solid rally through late April EAT along with most other stocks needed a rest. EAT used the market selling to make a deeper pullback, undercutting the 50 day EMA and falling down to hold just over the 200 day SMA. After a run up the 18 day EMA near term moving average a stock needs to rest and test. After that it can reset and continue back upside. This pullback toward the 200 day is giving EAT what it needs. It came back on the May 6 flash crash and rebounded. EAT then faded again, coming back last week and early this week to the same point, finding support, and on Thursday was bouncing. Nice little double bottom here and as EAT continues higher we are ready to start positions for the run up to our initial target at the prior peak. May test after hitting up to the 50 day EMA range, and if so we may get a good opportunity to add some more positions at that point.
VIDEO: http://investmenthouse1.com/ihmedia/EAT.wmv
Volume: 631.471K Avg Volume: 1.907M
BUY POINT: $18.12 Volume=2.5M Target=$20.81 Stop=$16.85
POSITION: EAT 10J17.50 - Oct. $17.50c (59 dela) &/or Stock
Play Date: 05/27/2010
PNRA (Panera Bread--$80.67; +3.02; optionable): Eateries
http://biz.yahoo.com/p/p/pnra.html
After Hours: $80.36
EARNINGS: 07/26/2010
STATUS: Double bottom. Similar to EAT. PNRA trended nicely up the 18 and 20 day MA from November through April. After that kind of move a rest is needed and this selling has allowed PNRA to test and set the foundation for a new run. It has formed a double bottom the past month and on Thursday gapped over the 50 day EMA, breaking out from the short pattern. Looking to participate in a run back up to the prior highs as our initial target.
VIDEO: http://investmenthouse1.com/ihmedia/PNRA.wmv
Volume: 1.101M Avg Volume: 508.848K
BUY POINT: $80.78 Volume=755K Target=$88.54 Stop=$77.54
POSITION: PNRA 10H80.00 - Aug. $80c (52 delta) &/or Stock
Play Date: 05/27/2010
TRMB (Trimble Navigation--$29.33; +1.23; optionable): Technical instruments
http://biz.yahoo.com/p/t/trmb.html
After Hours: $29.33
EARNINGS: 07/30/2010
STATUS: ABCD up. Strong, steady rally from February to early May, then the 'flash crash' took TRMB lower to the 50 day EMA. It held that level, roughly, and then rebounded only to fall back the past two weeks. Tuesday TRMB undercut the May 6 low and reversed. Now it is on the move back upside. Not a lot of volume, but we are playing the pattern and looking for a move back up to the prior high as our initial target. Nice pattern that looks to be in gear, and thus we are ready to move in as TRMB continues the move higher.
VIDEO: http://investmenthouse1.com/ihmedia/TRMB.wmv
Volume: 360.242K Avg Volume: 682.581K
BUY POINT: $29.50 Volume=950K Target=$33.55 Stop=$27.56
POSITION: TRMB 10H30.00 - Aug. $30c (52 delta) &/or Stock
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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us stock market
stock watch
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