|
|
stock recommendation, stock pick
Begin part 3 of 3
THE PLAYS
Good movers: ANST; ATHR; CHL; FALC; VCLK; SYY
Wednesday night play results:
CAH: Still testing, holding the 10 day EMA
CENX: Faded modestly on lower volume, still set for the breakout move
CMG: Gapped higher after the pullback
FALC: Explosive move higher on strong volume
NTGR: Nice handle forming
New Plays:
Upside:
Play Date: 02/22/2007
ADBE (Adobe Systems--$40.81; -0.14; optionable): Software
http://biz.yahoo.com/p/a/adbe.html
EARNINGS: 3-20-07
STATUS: Double bottom w/handle. A neat little 9 week base is forming as ADBE starts working laterally to form a handle and set up the next breakout move. This base ahs formed just below ADBE's all-time high, setting up and gathering its strength for the break above 43. May take a few more sessions to form the handle and make the breakout move, but showing solid strength.
Volume: 4.431M Avg Volume: 5.276M
BUY POINT: $41.32 Volume=7.9M Target=$47.95 Stop=$39.64
POSITION: AEQ GH - July $40c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/adbe.html
Play Date: 02/22/2007
DIOD (Diodes--$39.12; +2.11; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/d/diod.html
EARNINGS: Reported 2-6-07
STATUS: Trend reversal. DIOD fell upon hard times starting September. It broke out of a 4.5 month base and rallied straight up, but fell into a September to January downtrend. It made a higher low the first three weeks of this month, trying to get over the 50 day EMA (36.94). Volume started to swell Tuesday and Wednesday, and Thursday it made the break, surging in price and volume through both the 50 day and 200 day SMA (38.33). We are willing to buy some positions as it continues higher. After this initial move it may come back to test the 200 day; that is often the case. If it does we will pick it up as it comes off that test as well.
Volume: 1.014M Avg Volume: 465.7K
BUY POINT: $39.45 Volume=500K Target=$45.45 Stop=$37.78
POSITION: DUH FH - June $40c (52 delta) or DUH FG - June $35c (78 delta) &/or Stock
http://www.investmenthouse.com/ci/diod.html
Play Date: 02/22/2007
SYK (Stryker--$63.45; +1.20; optionable): Medical instruments
http://biz.yahoo.com/p/s/syk.html
EARNINGS: Announced 1-25-07
STATUS: Flying plateau. Looking for SYK to make us some more money after this three week tight lateral move. It broke out from a 13 month double bottom in October and has rallied nicely. It needed a breather, but it was so strong that it did not give up any gains, instead holding steady over the 10 and 18 day EMA. Thursday volume surged and SYK started to break higher from its flat base. Looking to move in as SYK continues this advance.
Volume: 4.444M Avg Volume: 1.531M
BUY POINT: $63.58 Volume=1.7M Target=$72.95 Stop=$61.28
POSITION: SYK FL - June $60c (74 delta) &/or Stock
http://www.investmenthouse.com/ci/syk.html
Continuing ready to move:
Play Date: 02/15/2007
RVSN (Radvision--$22.13; -0.21; optionable): Telecom processing systems
http://biz.yahoo.com/p/r/rvsn.html
EARNINGS: Announced 2-8-07
STATUS: Breakout test. RVSN remains locked and loaded, easing back to test the 10 day EMA (22.00) after its strong earnings-induced break higher to start the month, a move that took RVSN out of an 11 week base. Money flow continues higher ahead of the stock price even as it dips to make this test. The test looks just about done and RVSN ready to make the break higher.
Volume: 67.417K Avg Volume: 142.079K
BUY POINT: $22.45 Volume=220K Target=$26.95 Stop=$21.38
POSITION: RJU FX - June $22.50c (64 delta) &/or Stock
http://www.investmenthouse.com/ci/rvsn.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.
|
stock recommendation
stock pick
|
