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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: IBM; KNOT; MRVC; NTGR; SNDA; VCLK; VRNT
New Plays:
Upside:
Play Date: 01/16/2007
CTDC (China Technology Development--$8.08; +0.34; no options): IT software, network security, and nutraceutical products in China
http://biz.yahoo.com/p/c/ctdc.html
STATUS: Cup w/handle. Nice 9 week handle to the 11 month base. The range is tightening up over the 50 day EMA (7.47) on very low, below average volume. Kind of the quiet before the storm. Strong money flow is leading higher and this tightening range might put you to sleep but need to stay away and catch the breakout move. Can really fly when it gets going, and this pattern tends to yield explosive breakouts.
Volume: 206.185K Avg Volume: 337.465K
BUY POINT: $8.44 Volume=506K Target=$11.88 Stop=$7.85
POSITION:
http://www.investmenthouse.com/ct/ctdc.html
Play Date: 01/16/2007
MAN (Manpower--$76.38; -0.05; optionable): Staffing and outsourcing
http://biz.yahoo.com/p/m/man.html
STATUS: Test 18 day EMA. MAN has been around a long time, but right now we are interested in its 4 week lateral move along the 18 day EMA (75.38) that is the second test of the October breakout from a 6 month cup with handle. Strong stocks that breakout yield 4 to 5 bounces off the 10 or 18 day EMA. This gives MAN plenty of room to run higher, and this lateral consolidation is setting the foundation for the next break higher in its breakout run.
Volume: 447.1K Avg Volume: 747.6K
BUY POINT: $77.22 Volume=1.1M Target=$88.85 Stop=$74.32
POSITION: MAN FO - June $75c (62 delta) &/or Stock
http://www.investmenthouse.com/ct/man.html
Good Investing!
Jon L. Johnson and your Technical Traders Report 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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stock recommendation
stock investment information
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