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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good Movers: HMSY; HOLX; MOS; RIO; STLD; SBUX
New Plays:
Upside:
Play Date: 02/21/2007
CENX (Century Aluminum Co.--$49.28; +0.68; optionable): Aluminum
http://biz.yahoo.com/p/c/cenx.html
EARNINGS: 2-20-07
STATUS: Cup w/handle. Volume climbed on the earnings as CENX tested the 18 day EMA on the Wednesday low and then rebounded, continuing the breakout from its 10 month base. It broke higher last week on strong volume, moved laterally, and now is ready to run again. Excellent pattern and ready to step in as CENX continues higher from here.
Volume: 1.261M Avg Volume: 748.133K
BUY POINT: $49.54 Volume=900K Target=$59.75 Stop=$46.22
POSITION: CQL FJ - June $50c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/cenx.html
Play Date: 02/21/2007
FALC (Falconstar Software--$10.45; +0.10; optionable): Network storage solutions
http://biz.yahoo.com/p/f/falc.html
EARNINGS: Announced 2-13-07
STATUS: Breakout test. FALC exploded out of a 12 month cup with handle base, surging on some very strong volume. It peaked at 11 on that breakout run and has come back to test the 10 day EMA (10.08) on the Wednesday low and rebounding for a gain. Ready to step in as FALC continues the move higher.
Volume: 653.977K Avg Volume: 348.616K
BUY POINT: $10.57 Volume=700K Target=$12.75 Stop=$9.92
POSITION: XMQ HB - Aug. $10c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/falc.html
Continuing plays ready to move:
Play Date: 02/07/2007
CMG (Chipotle Mexican Grill--$63.58; -0.31; optionable): Restaurants
http://biz.yahoo.com/p/c/cmg.html
STATUS: Test breakout. CMG surged on Friday after announcing some excellent earnings. The move broke it out of a large 10 month reverse head and shoulders base. Strong volume then a lower volume test the past two sessions, refusing to give up much ground. May come back to test a bit more (10 day EMA at 62), but it is not giving much ground on this pullback. If it starts higher on some rising trade we will start the play.
Volume: 602.4K Avg Volume: 649.41K
BUY POINT: New: $64.05 Volume=750K Target=$73.95 Stop=$61.95
POSITION: CMG FM - June $65c (55 delta) &/or Stock
http://www.investmenthouse.com/cd/cmg.html
Play Date: 02/17/2007
NTGR (Netgear--$28.42; -0.60; optionable): Communication equipment
http://biz.yahoo.com/p/n/ntgr.html
EARNINGS: 2-15-07
STATUS: Breakout test. NTGR jumped higher on us Tuesday, continuing its move off the 90 day MA, the support for legs one and two of the short 6 week base. Nice pullback that is setting up our buy. May form a more extended handle here, but when it starts back up it is going to mean business.
Volume: 635.048K Avg Volume: 722.818K
BUY POINT: $28.46 Volume=1.1M Target=$33.95 Stop=$26.90
POSITION: TUD FE - July $25c (75 delta) &/or Stock
http://www.investmenthouse.com/cd/ntgr.html
SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.
AAPL, AKAM, CELG, DRIV, GME, GOOG, ISE, MA, MRVL, NVDA, WEBX
AAPL: Started higher on volume off the 90 day MA and it was time to move back in.
DRIV: Trying to work laterally at 58 and form a handle to test the strong move off the 200 day SMA to start February.
GME: Strong volume as GME breaks higher off the 50 day EMA. Starting a pre-split run so likely to continue higher.
Good Investing!
Jon L. Johnson and The Daily 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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