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stock recommendation, stock market recommendation
Begin part 3 of 3
THE PLAYS
Good movers: BA; NTGR; RIO; SYK; TRW; UCTT; WFR; WMS; BEBE; CSE; SBUX
New Plays:
Upside:
Play Date: 03/12/2007
EXC (Exelon--$66.12; +1.63; optionable): Electrical utility
http://biz.yahoo.com/p/e/exc.html
EARNINGS: Announced 1-24-07
STATUS: Breakout test. Blasted out of a 16 week double bottom with handle base in late February, surging to 72 on the move. It has tested back, filling the gap and holding near support at the 18 day EMA (64.60), working laterally to end last week on low, below average volume. After that breather it surged Monday on stronger, average trade. Excellent set up for the next run higher as it refused to give up the pattern despite the selling in the market. Looking for a further break higher to start the position.
Volume: 3.075M Avg Volume: 2.774M
BUY POINT: $66.55 Volume=4M Target=$74.88 Stop=$64.08
POSITION: EXC GM - July $65c (66 delta) &/or Stock
http://www.investmenthouse.com/ci/exc.html
Play Date: 03/12/2007
KCI (Kinetic Concepts, Inc.--$50.04; +1.42; optionable): Medical appliances
http://biz.yahoo.com/p/k/kci.html
EARNINGS: Announced 1-30-07
STATUS: Test 50 day EMA. KCI is coming back to test the solid run higher up the 10 and 18 day EMA, waiving at the 50 day EMA (46.81) as it tested back the past couple of weeks. Yes it sold in the market selling, but it held up very well in remarkably light selling. It has been a great recovery for KCI after a rough summer of 2006. Now this test is giving it a nice breather to set up for another run up the 10 and 18 day EMA. Volume was up Thursday and again Monday as it starts higher. Plenty of room to run to the upside. Have to like that.
Volume: 878.4K Avg Volume: 930.22K
BUY POINT: $50.72 Volume=1.2M Target=$58.95 Stop=$47.95
POSITION: KCI FJ - June $50c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/kci.html
Play Date: 03/12/2007
SPN (Superior Energy--$33.37; -0.28; optionable): Oil and gas service company
http://biz.yahoo.com/p/s/spn.html
EARNINGS: Announced 2-26-07
STATUS: Double bottom w/handle. Setting up a very nice handle to its 12 week base, starting laterally last Thursday on low, below average volume. Part of a larger 11 month reverse head and shoulders base, SPN is in excellent position to run higher and make the break toward a new all-time high. Looks super.
Volume: 944K Avg Volume: 1.34M
BUY POINT: $34.11 Volume=2M Target=$39.95 Stop=$21.31
POSITION: SPN IG - Sept. $35c (54 delta) or SPN FF - June $30c (73 delta) &/or Stock
http://www.investmenthouse.com/ci/spn.html
Downside:
Play Date: 03/12/2007
CCU (Clear Channel Communications--$34.85; -0.54; optionable): Broadcast radio
http://biz.yahoo.com/p/c/ccu.html
EARNINGS: 2-23-07
STATUS: Put. Volume surged Monday as CCU turned down sharply from the 90 day MA (35.70), following money flow lower. CCU gapped up sharply in late October, but now it is breaking down, looking to fill that gap higher. Like playing gaps because they always tend to fill. A move to the target lands a 50%ish gain.
Volume: 13.922M Avg Volume: 5.61M
BUY POINT: $34.68 Volume=6M Target=$33.38 Stop=$35.12
POSITION: CCU PG - Apr. $35p (-64 delta)
http://www.investmenthouse.com/ci/ccu.html
Play Date: 03/12/2007
IWM (Ishares Russell 2000 ETF--$78.40; +0.14; optionable)
http://biz.yahoo.com/p/i/iwm.html
STATUS: Put. The small caps have rallied back admirably after the selling and the index is now bumping up against the 90 day MA (78.41) following the bloodletting. The move has taken it back into the November through January range that formed the handle to its larger cup with handle base. Looking for a stall in this range to send it lower with the rest of the market. A move to the target lands a 41%ish gain.
Volume: 42.06M Avg Volume: 52.939M
BUY POINT: $77.98 Volume=54M Target=$76.00 Stop=$78.55
POSITION: IOW PB - Apr. $78p (-56 delta)
http://www.investmenthouse.com/ci/iwm.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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stock recommendation
stock market recommendation
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