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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS:
Good movers: ANST; ATW; BWLD; HMSY; HNT; HOC; MM; NOV; RL; ROCM
New Plays:
Upside:
New Post-Split Play:
Play Date: 03/19/2007
CMC (Commercial Metals--$28.90; +1.04; optionable): Steel and iron
http://biz.yahoo.com/p/c/cmc.html
EARNINGS: Announces earnings 3-20-07
STATUS: Ascending base. Strong volume Monday ahead of its earnings Tuesday (it has not set a release time). It bumped right up against the late February high as it moved up; that is the point it needs to clear on strong volume to send it toward a new all-time high.
Volume: 1.415M Avg Volume: 1.201M
BUY POINT: $29.18 Volume=1.8M Target=$34.95 Stop=$27.61
POSITION: CMC FE - June $25c (77 delta) &/or Stock
http://www.investmenthouse.com/cs/cmc.html
New Pre-Announcement:
Play Date: 03/19/2007
CLB (Core Labs--$82.23; +2.12; optionable): Oil and gas service company
http://biz.yahoo.com/p/c/clb.html
EARNINGS: Announced 2-14-07
STATUS: Ascending base. CLB has worked laterally the past two weeks, moving just over the 50 day EMA (80) as it sets up for the next break higher in its 15 week base. Top fundamentals to go along with its pattern. Volume has remained low the past two weeks as it consolidated. Just waiting for volume to rise as it makes its move. That will give us the buy point.
Volume: 163.1K Avg Volume: 305.275K
BUY POINT: $82.96 Volume=450K Target=$92.95 Stop=$79.78
POSITION: CLB FP - June $80c (61 delta)
http://www.investmenthouse.com/cs/clb.html
Downside:
Play Date: 03/19/2007
IFF (International Flavors & Fragrances--$46.08; -0.14; optionable): Perfumes, flavors
http://biz.yahoo.com/p/i/iff.html
EARNINGS: Announced 1-30-07
STATUS: Put. IFF formed a broad top from November to now, trying to hold 46 the past three weeks. That is the point where it started the top back in November. No volume as it reached its high in January, and it started to distribute at that point. Volume has run higher the past week as it struggles below the 10 day EMA (46.52); looks like some churn below resistance, but we still need to see it break lower on continued solid trade. A move to the target lands a 55%ish gain.
Volume: 999.5K Avg Volume: 549.485K
BUY POINT: $45.75 Volume=550K Target=$43.72 Stop=$46.41
POSITION: IFF QI - May $45p (-30 delta)
http://www.investmenthouse.com/cs/iff.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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