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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: RTI; HANS; GRMN
Weekend play results:
FTI: Faded back to the 18 day EMA on lower volume, still working on the handle.
GLG: Slipped to the 50 day EMA on continued below average volume
GNA: Nice action in a weak market, moving laterally along the 10 day EMA
MED: Hanging in there despite the market.
PPDI: Holding the 50 day EMA though volume jumped up Monday
EZPW: Gapped lower but rebounded to hold the 18 day EMA
New Plays:
Upside:
Play Date: 07/17/2006
AEOS (American Eagle Outfitters--$34.77; +0.61; optionable): Apparel stores
http://biz.yahoo.com/p/a/aeos.html
STATUS: Test breakout. Taking another play at AEOS. Shook us out last week with an undercut of the 18 day EMA (34.17), but rebounded and Monday moved off of that level. Volume was so-so, but a solid 8 week base formed over the 50 day EMA (32.98) sporting solid 3:1 accumulation (3 up price weeks on rising volume to 1 down price weeks on rising volume). Relative strength is leading higher, and just want to see a continued move on some stronger trade to start moving into positions again.
Volume: 1.605M Avg Volume: 2.296M
BUY POINT: $35.11 Volume=3M Target=$42.00 Stop=$33.88
POSITION: AQU KG - Nov. $35c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/aeos.html
Play Date: 07/17/2006
BOT (CBOT Holdings--$111.00; -1.00; optionable)
http://biz.yahoo.com/p/b/bot.html
STATUS: Test 50 day EMA. BOT is testing the 50 day EMA (109.32) on lower, below average volume, putting the finishing touches on the handle to its 17 week base, the second of its short lifespan (a new issue in October 2005). Excellent money flow surging higher ahead of price even as it makes this test. Just a nice pattern, showing a doji over the 50 day Monday. Ready to make the bounce. Just waiting for the trigger. A move to the target lands us a 90%ish gain.
Volume: 272.5K Avg Volume: 383.356K
BUY POINT: $113.65 Volume=400K Target=$127.50 Stop=$109.25
POSITION: BOT IC - Sept. $115c (45 delta)
http://www.investmenthouse.com/ci/bot.html
Play Date: 07/17/2006
HELX (Helix Technology--$38.27; -0.53; optionable): Oil and gas service company
http://biz.yahoo.com/p/h/helx.html
STATUS: Cup w/handle. HELX tried the breakout in early May from a 14 week cup with handle, but it made the move just as the commodities rolled over. It fell into the current 10 week base instead. The past two weeks it has formed the handle, fading back to the 10 day EMA (38.40) on mostly lower volume. Solid stock with top earnings and sales growth. Like how it managed to hold up pretty darn well on a day the energy stocks were under pressure. May take a day or two more, but has set up well for the next break higher. It shows a lot of energy when it starts higher.
Volume: 1.954M Avg Volume: 1.77M
BUY POINT: $39.35 Volume=2.7M Target=$47.35 Stop=$37.35
POSITION: RNW LH - Dec. $40c (46 delta) &/or Stock
http://www.investmenthouse.com/ci/helx.html
Downside:
Play Date: 07/17/2006
GG (Goldcorp--$28.42; -1.38; optionable): Gold
http://biz.yahoo.com/p/g/gg.html
After Hours: $28.42
STATUS: Put. This gold stock is reflecting the action of gold, that dip even as the world seems in disarray and inflation is supposedly heading higher. It was working on a fade to the 50 day EMA (29.64), but Monday it fell through that support level. Volume was not huge, but GG is sliding lower, following its money flow lower. Looking to move in and ride it down close to the 200 day SMA (25.92). A move to the target lands us a 43%ish gain.
Volume: 5.208M Avg Volume: 8.205M
BUY POINT: $28.35 Volume=8.3M Target=$26.55 Stop=$28.75
POSITION: GG TY - Aug. $27.50p (-43 delta)
http://www.investmenthouse.com/ci/gg.html
Continuing: These look ready to move.
FORM
GNA
ICE
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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trade stock
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