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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
New Plays:
Upside:
Play Date: 03/06/2007
HMSY (HMS Holdings--$19.21; -0.06; no options): Cost containment and payment accuracy for government healthcare programs
http://biz.yahoo.com/p/h/hmsy.html
EARNINGS: Reported 2-28-07
STATUS: Test 50 day EMA. HMSY broke out in early January and posted an excellent run up the 10 day EMA (now at 20). It needed a test to set up the next run, and the market selling has provided that. It was selling a bit ahead of that as earnings were already built into the run prior to the release. Nice fade to this support where it is showing a doji, the past two sessions on rising volume. Strong stocks run up the short term moving averages after a breakout, test the 50 day EMA, and then resume the move. Looking for continued strong volume as it makes the next break higher.
Volume: 441.898K Avg Volume: 269.14K
BUY POINT: $19.68 Volume=450K Target=$22.95 Stop=$18.75
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/hmsy.html
Play Date: 03/06/2007
RIO (Companhia Vale Do Rio Doce--$34.13; +2.28; optionable): Steel & iron
http://biz.yahoo.com/p/r/rio.html
STATUS: Test 50 day EMA. Great breakout in December, then after a quick test of the 50 day EMA (32.51) RIO rallied up the 18 day EMA from January to February. It is making another test of the 50 day EMA. Monday it gapped below that level, but Tuesday it was right back up, gapping higher on even stronger trade as buyers swooped in and scooped it up. Want to pick it up and ride the move back up to the prior highs at 38, but it can really move so our initial target is just beyond that level.
Volume: 13.671M Avg Volume: 8.509M
BUY POINT: $34.75 Volume=10M Target=$39.95 Stop=$32.55
POSITION: RIO FZ - June $32.50c (64 delta) &/or Stock
http://www.investmenthouse.com/ct/rio.html
Play Date: 03/06/2007
WFR (Memc Electronic--$53.49; +3.72; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/w/wfr.html
STATUS: Test 50 day EMA. WFR is coming off the 50 day EMA (49.17) on some solid trade after showing a doji at that level Monday. It broke higher from a 9 month cup with handle base in late February and was moving nicely up the 10 day EMA before gapping lower on Tuesday. It held this key support, however, and is rebounding. Ready to take some positions as it continues higher.
Volume: 4.979M Avg Volume: 4.67M
BUY POINT: $54.12 Volume=5.4M Target=$61.95 Stop=$50.65
POSITION: WFR GK - July $55c (55 delta) &/or Stock
http://www.investmenthouse.com/ct/wfr.html
Still looking solid:
GAP
VSEA
UCTT
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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trade stock
stock recommendation
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