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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS:
Good movers: ASCA; BA; DLTR; NTGR; RIO; ROCM; SYK; UCTT; WFR; CSE; SBUX
New Plays:
Upside:
New Pre-Announcement Play:
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/cs/exc.html
Leader:
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/cs/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/cs/ccu.html
Good Investing!
Jon L. Johnson and the Stock Split Report 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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stock split
stock recommendation
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