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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: CYTC; RIO; WEBX; WMS
New Plays:
Upside:
Play Date: 03/15/2007
EQT (Equitable Resources--$44.27; +1.35; optionable): Gas utilities
http://biz.yahoo.com/p/e/eqt.html
EARNINGS: Announced 1-25-07
STATUS: Ascending triangle. Strong volume as EQT moves higher, bumping into the top of its 15 week base, preparing for the break to a new all-time high. Nice higher low off the 50 day EMA (42.81) set up this move. Looking for the breakout to give us the entry point. A utility, but can move well when it starts a breakout run.
Volume: 1.361M Avg Volume: 716.58K
BUY POINT: $44.57 Volume=800K Target=$50.95 Stop=$42.48
POSITION: EQT FI - June $45c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/eqt.html
Play Date: 03/15/2007
FORM (Formfactor--$45.41; +0.24; optionable): Semiconductors
http://biz.yahoo.com/p/f/form.html
EARNINGS: Announced 1-31-07
STATUS: Cup w/handle. Making a higher low at the 10 day EMA (44.83), showing a doji at that level Wednesday and Thursday as it tested back on low volume. A steady 7 month base that has weathered a lot of issues in the market. It sold back in late February in the general selling, but it held the 50 day EMA and recovered nicely the past week and one-half. Barely noticed the Tuesday selling fading back on lower, below. In short, no sellers as it makes its test back. Nice base setting it up for the breakout to a new all-time high. As we have noted, semis are in a lateral base and some are in much better shape; FORM is one of those.
Volume: 375.055K Avg Volume: 827.245K
BUY POINT: $46.69 Volume=1.2M Target=$55.95 Stop=$44.11
POSITION: AFU GI - July $45c (59 delta) &/or Stock
http://www.investmenthouse.com/ci/form.html
Play Date: 03/15/2007
TK (Teekay Shipping--$51.22; +0.73; optionable): Shipping
http://biz.yahoo.com/p/t/tk.html
EARNINGS: 2-21-07
STATUS: Ascending base. TK is making higher lows up the 18 day EMA (50.12) setting up a break to challenge a new all-time high. Broke out 6 month cup with handle in late January, rallied, and then formed the current 7 week base. Volume surged the past three sessions as it bumped up against the highs in the pattern. Looks ready to make the break.
Volume: 772.6K Avg Volume: 545.262K
BUY POINT: $51.65 Volume=600K Target=$57.95 Stop=$49.95
POSITION: TK GJ - July $50c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/tk.html
Downside:
Play Date: 03/15/2007
AEO (American Eagle Outfitters--$29.98; -0.52; optionable): Apparel stores
http://biz.yahoo.com/p/a/aeo.html
EARNINGS: 5-22-07
STATUS: Put. AEO recently moved to the NYSE, but that is not helping it a whole lot. It has formed a 15 week head and shoulders top and broke lower to start March, falling to the 200 day SMA (28.15) on the low. It bounced and tried to recover support at the 50 and 90 day MA, but is failing, sliding lower along the 18 day EMA (30.51) this week. Looks ready to follow the weakening money flow lower. A move to the target lands a 40%ish base.
Volume: 3.288M Avg Volume: 4.12M
BUY POINT: $29.86 Volume=4.2M Target=$28.11 Stop=$30.39
POSITION: AEO QF - May $30p (-43 delta)
http://www.investmenthouse.com/ci/aeo.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 investment information
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