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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: CYTC; RIO; WMS; WNR
New Plays:
Upside:
Play Date: 03/15/2007
SIGA (Siga Pharmaceuticals--$4.38; +0.05; no options): Drugs
http://biz.yahoo.com/p/s/siga.html
STATUS: Ascending base. Nice test of a sharp break higher to start March, fading back to the 10 day EMA (4.30) this week on low volume, setting up the next break higher. Nice series of higher lows below the constant top near 5. That is building pressure fore the breakout. Strong money flow is leading the way higher and excellent 7 to 2 accumulation in the pattern (7 up price weeks on rising volume to 2 down price weeks on rising volume) shows excellent buying to support a strong run. Nice set up and looking for more volume as it continues higher.
Volume: 331.597K Avg Volume: 1.332M
BUY POINT: $4.68 Volume=1.6M Target=$5.78 Stop=$4.35
POSITION:
http://www.investmenthouse.com/ct/siga.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/ct/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/ct/aeo.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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