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Begin part 3 of 3
THE PLAYS:
Good movers: HOC; MM; NOV; RIO; ROCM; VLO; CSE; SBUX; SPY
New Plays:
Upside:
New Post-Split Play:
Play Date: 03/14/2007
ZUMZ (Zumiez--$37.40; +1.55; optionable): Apparel stores
http://biz.yahoo.com/p/z/zumz.html
EARNINGS: 3-14-07 after the close
STATUS: Ascending base. ZUMZ announced strong earnings after hours and was trading higher to 37.40 in the after hours. That is taking it to the breakout point from its 10 week ascending base that used the 50 day EMA as support for its higher lows. Looking for a breakout to take it to a new all-time high. A solid retailer that is on its growth upside plane, and as we have seen with CROX and UA, this can be quite profitable.
Volume: 546.533K Avg Volume: 483.842K
BUY POINT: $37.68 Volume=726K Target=$44.95 Stop=$35.07
POSITION: QUY HH - Aug. $40c (48 delta) &/or Stock
http://www.investmenthouse.com/cs/zumz.html
New Pre-Announcement Plays:
Play Date: 03/14/2007
CMTL (Comtech Telecom--$37.03; +0.49; optionable): Telecom systems
http://biz.yahoo.com/p/c/cmtl.html
EARNINGS: 3-8-07
STATUS: Double bottom w/handle. Kind of a skewed 4 month pattern, heavy on the downside the past month (thanks to the market), but holding support at the 200 day SMA and rebounding. It is working laterally and forming the handle now, using the 50 day EMA (35.82) on the lows as support. Part of a larger 16 month cup with handle base, the current pattern being the handle. Excellent fundamentals growth rates to go along with the pattern. Looking for volume to surge again as it did Friday and Monday on its strong earnings to send it to the breakout.
Volume: 190.684K Avg Volume: 200.987K
BUY POINT: $37.85 Volume=345K Target=$43.85 Stop=$35.78
POSITION: CQH GG - July $35c (65 delta) &/or Stock
http://www.investmenthouse.com/cs/cmtl.html
Play Date: 03/14/2007
CNMD (Conmed--$27.69; +0.74; optionable): Surgical devices and equipment
http://biz.yahoo.com/p/c/cnmd.html
EARNINGS: Announced 2-8-07
STATUS: Cup w/handle. CNMD is working on the handle to a large 22 month base. Surged higher in February on strong earnings results, finishing the right side of the base. It is using the market selling to test back in a very orderly manner, holding the 18 day EMA (27.21) as it does. Volume jumped higher Wednesday to the best level in a month (since the break higher on the earnings), and that is moving CNMD off the bottom of the handle. Looking at an aggressive position as it continues higher and then will wait for a test to add some more. Strong money flow has turned higher and CNMD looks to be in very good position to make the breakout.
Volume: 510.507K Avg Volume: 234.407K
BUY POINT: $27.94 Volume=350K Target=$32.95 Stop=$26.49
POSITION: KQD HE - Aug. $25c (69 delta) &/or Stock
http://www.investmenthouse.com/cs/cnmd.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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