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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS:
Good movers: COH; CTRP; HCP; HRS
New Plays:
Leaders: Two that have made us money before.
Play Date: 01/08/2007
AMT (American Tower--$38.59; +1.07; optionable): Cell towers
http://biz.yahoo.com/p/a/amt.html
STATUS: Flat base. AMT is making the breakout from a 13 week flat base/trading range between 36 and 38 (90 day SMA at 36.42). Not a lot of trade Monday but solid trade last week as it jumped off the 50 day EMA. Solid 4 to 2 accumulation (4 up price weeks on rising volume to 2 down price weeks on rising volume) in the pattern shows solid buying as AMT sets up for the break to a new 7 year high. Nice pattern that consolidates a so-so September breakout from a 16 week cup with handle base. Just needs some more volume as AMT chases the money flow higher.
Volume: 2.562M Avg Volume: 2.614M
BUY POINT: $38.88 Volume=3.5M Target=$44.95 Stop=$36.72
POSITION: AMT GU - July $7.50c (65 delta) &/or Stock
http://www.investmenthouse.com/cs/amt.html
Play Date: 01/08/2007
GS (Goldman Sachs--$203.73; +4.68; optionable): Investment brokerage
http://biz.yahoo.com/p/g/gs.html
STATUS: Ascending base. Solid volume Monday as GS started to break higher from a 6 week base formed along the 18 day EMA. A short consolidation move after a nice run from October to late November, this lateral move gave GS a nice rest and it looks as if it has caught its breath based on the strong volume and solid gain off the 18 day EMA on Monday. Looking to move in as GS continues higher. The financials, after a short rest, are back in action.
Volume: 7.563M Avg Volume: 4.886M
BUY POINT: $204.38 Volume=4.9M Target=$225.00 Stop=$197.95
POSITION: GPY DT - Apr. $200c (63 delta) &/or Stock
http://www.investmenthouse.com/cs/gs.html
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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trade stock
stock recommendation
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