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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: BMC; CRM; DADE; ICE; MNST; RMD; SIMO; TWLL; WMS
Weekend play results:
ANF: Faded back a bit further, setting up the continued move higher
AOB: Pullback to the 10 day EMA on continued below average volume
BA: Posted a gain but no volume.
HWCC: Gapped higher but turned over on low volume.
NMX: Gapped lower but held up decently on lower volume
RIMM: Nice surge higher continues
New Plays:
Upside:
Play Date: 02/05/2007
STLD (Steel Dynamics--$38.30; -0.89; optionable): Steel and iron
http://biz.yahoo.com/p/s/stld.html
STATUS: Breakout test. Blasted out of a 9 month reverse head and shoulders base in mid-January, rallying to 39. Strong volume on the move that took STLD to a new all-time high. Now some nice lower trade as it comes back toward the 10 day EMA (37.78) to test and set up for the next move higher. Strong money flow continues to hold up as it makes this test. Looking for it to test and hold the 10 day and then catch it up on the rebound as it continues its run.
Volume: 1.564M Avg Volume: 1.834M
BUY POINT: $38.48 Volume=2.5M Target=$45.95 Stop=$37.38
POSITION: RQL EG - May $35c (73 delta) &/or Stock
http://www.investmenthouse.com/ci/stld.html
Play Date: 02/05/2007
TALX (Talx Corp.--$31.51; -0.40; optionable): Payroll and human resources outsourcing services
http://biz.yahoo.com/p/t/talx.html
STATUS: Flying plateau. TALX reported some strong earnings in January and surged out of a year long base on big volume. It spent the past week working laterally as the 10 day EMA (30.94) rallied to catch up with it. Looks as if they are going to try and meet half way. That should send it back up to resume the breakout run and that is when we move in.
Volume: 203.595K Avg Volume: 226.233K
BUY POINT: $31.38 Volume=300K Target=$37.75 Stop=$30.54
POSITION: TUB FF - June $30c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/talx.html
Play Date: 02/05/2007
WFR (Memc Electronic--$53.61; +0.97; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/w/wfr.html
STATUS: Flying plateau. Looked at WFR over the weekend as it worked laterally after blasting higher in January on strong earnings, flying out of a 9 month base on strong trade. It has refused to give back any gains even in NASDAQ weakness. Monday volume jumped well above average as WFR started higher. Money flow continues to surge higher and WFR looks ready to follow it.
Volume: 7.528M Avg Volume: 4.467M
BUY POINT: $53.94 Volume=4.8M Target=$61.95 Stop=$50.77
POSITION: WFR GK - July $55c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/wfr.html
New buy point on current position:
Play Date: 02/05/2007
MBT (Mobile Telesys--$55.26; +0.92; optionable): Russian wireless
http://biz.yahoo.com/p/m/mbt.html
STATUS: Breakout test. Working up the 10 day EMA (53.87), making higher lows below resistance at 56. This consolidation comes after a nice surge higher in January to a new high, one of the early leaders in the move. It has consolidated as the rest of the market rallied to catch up, and now it is going to be ready to go again.
Volume: 894.9K Avg Volume: 1.522M
BUY POINT: $56.05 Volume=1.8M Target=$66.95 Stop=$53.21
POSITION: MBT FK - June $55c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/mbt.html
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
stock recommendation
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