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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: ACAS; BEBE; CHRS; CSE; DIA; GS; HGT; PSA; SBUX; SONC; SAY; TMO
New Plays:
Upside:
Play Date: 03/13/2007
IVN (Ivanhoe Mines--$11.49; -0.46; optionable): Copper and gold
http://biz.yahoo.com/p/i/ivn.html
EARNINGS: Announced 2-6-07
STATUS: Breakout test. IVN surged to a new all-time high last week as it broke out from an 18 week base, rallying on strong volume. It is coming back to test the move this week, tapping at the 10 day EMA (11.20) on the Wednesday low and rebounding to recoup some losses. Will let it finish this test; it may come back to test this level further, but when it rebounds we want to be ready to move in
Volume: 1.153M Avg Volume: 600.387K
BUY POINT: $11.92 Volume=1.2M Target=$14.35 Stop=$11.12
POSITION: IVN FB - June $10c (70 delta) &/or Stock
http://www.investmenthouse.com/ct/ivn.html
Downside:
Play Date: 03/13/2007
ABB (ABB Ltd.--$16.67; -0.40; optionable): Industrial electrical equipment
http://biz.yahoo.com/p/a/abb.html
EARNINGS: 4-26-07
STATUS: Head and shoulders. Gapped lower in late February, starting the breakdown from its 9 week topping pattern. Volume surged as it fell. It rebounded the past week, but is failing at the 90 day MA (17.00), falling Tuesday on a sharp jump in volume. Money flow is heading lower and we are looking to move in as ABB continues downside. A move to the target lands a 43%ish gain.
Volume: 3.594M Avg Volume: 2.456M
BUY POINT: $16.55 Volume=2.5M Target=$15.10 Stop=$17.04
POSITION: ABB RW - June $17.50p (-46 delta)
http://www.investmenthouse.com/ct/abb.html
Play Date: 03/13/2007
ABC (Amerisourcebergen--$51.11; -1.33; optionable): Wholesale drugs
http://biz.yahoo.com/p/a/abc.html
EARNINGS: 4-25-06
STATUS: Head and shoulders. Volume jumped Tuesday as ABC broke lower from its 7 week topping pattern, falling to the 50 day SMA (51.03) on the close. ABC gapped higher in late January on its earnings, but it ran out of volume in mid-February as it made a new all-time high; always a bad sign, at least for the upside. It bounced off the 50 day EMA last week but it is going to make the fade here, likely to fill the gap down near 48. A move to our target lands a 55%ish gain. If it falls further to fill the gap we will let it.
Volume: 2.174M Avg Volume: 1.493M
BUY POINT: $50.94 Volume=1.5M Target=$49.00 Stop=$51.38
POSITION: ABC QJ - May $50p (-46 delta)
http://www.investmenthouse.com/ct/abc.html
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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stock recommendation
stock investment information
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