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stock recommendation, stock picking
Begin part 3 of 3
THE PLAYS
Good movers: AAPL; BRCD; CMTL; FCX; LHCG
New Plays:
Upside:
Play Date: 03/26/2007
BEAV (BE Aerospace--$32.94; +0.09; optionable): Private and commercial airplane cockpits
http://biz.yahoo.com/p/b/beav.html
EARNINGS: Announced 2-5-07
STATUS: Breakout test. BEAV surged higher two weeks back when it boosted guidance. After a strong 3-day surge it peaked out at 33.80 and started the current test, waiting for the 10 day EMA (32.32) to catch up. It did so Friday as volume surged on news that BEAV priced a public offering. Nice test, holding the gains and setting up for the next move higher as BEAV continues the breakout move and looks for a new high.
Volume: 1.575M Avg Volume: 1.056M
BUY POINT: $33.45 Volume=1.5M Target=$39.45 Stop=$31.68
POSITION: BQV GF - July $30c (75 delta) &/or Stock
http://www.investmenthouse.com/cd/beav.html
Play Date: 03/26/2007
CXW (Corrections Corp of America--$52.64; +1.34; optionable): Prison management and properties
http://biz.yahoo.com/p/c/cxw.html
EARNINGS: Announced 2-8-07
STATUS: Double bottom w/handle. Strong volume Monday as CXW jumped off the 10 day EMA (51.50), the support level for the handle to its short 5 week base formed using the 50 day EMA (50.44) on both lows. The base filled the gap higher from early February on those earnings, setting the stage for a continued run higher. Excellent action and looking to move in as CXW continues the break higher.
Volume: 517.2K Avg Volume: 381.388K
BUY POINT: $52.52 Volume=450K Target=$59.45 Stop=$51.28
POSITION: CXW IJ - Sept. $50c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/cxw.html
Play Date: 03/26/2007
GS (Goldman Sachs--$211.73; -0.16; optionable): Investment brokerage
http://biz.yahoo.com/p/g/gs.html
EARNINGS: Announced 3-13-07
STATUS: Cup w/handle. Working laterally over the 50 day EMA (209.16), tapping that level on the Monday low and rebounding to close flat. Short 5 week base, but after that surge Wednesday took it over the 90 and 50 day EMA it has performed as a consolidating stock bent on more upside performs. Volume has backed off after that Wednesday surge; want to see it back up big as GS continues through the buy point.
Volume: 6.525M Avg Volume: 7.657M
BUY POINT: $212.48 Volume=11M Target=$229.75 Stop=$208.88
POSITION: GPY GB - July $210c (60 delta)
http://www.investmenthouse.com/cd/gs.html
Play Date: 03/26/2007
MON (Monsanto--$55.61; +0.78; optionable): Agricultural chemicals, hybrids, etc.
http://biz.yahoo.com/p/m/mon.html
EARNINGS: 4-4-07
STATUS: Double bottom w/handle. Strong, above average volume Monday, the first time 6 sessions, started MON on the breakout move from its short but really neat 5 week base. It held the 90 day MA (51.98) on the lows of both legs and bounced, the last one on very strong volume. That strong volume off of support levels shows big buyers. They were in again on Monday, and we are looking to move in as MON continues higher on the breakout.
Volume: 4.018M Avg Volume: 3.019M
BUY POINT: $55.78 Volume=4M Target=$62.95 Stop=$54.08
POSITION: MON GK - July $55c (50 delta) &/or Stock
http://www.investmenthouse.com/cd/mon.html
Play Date: 03/26/2007
NUE (Nucor--$65.56; +0.40; optionable): Steel and iron
http://biz.yahoo.com/p/n/nue.html
EARNINGS: 1-25-07
STATUS: Reverse head and shoulders. NUE has formed an 8 week base as the tail end of a 16 week ascending base, ready to send NUE to a new all-time high. After volume faded Wednesday through Friday, it surged back up to average Monday. Strong 5 to 2 accumulation in the larger base shows plenty of buying (5 up price weeks on rising volume to 2 down price weeks on rising volume) to boost NUE to a breakout and a new high.
Volume: 4.157M Avg Volume: 3.779M
BUY POINT: $66.42 Volume=5.7M Target=$74.95 Stop=$63.77
POSITION: NUE GM - July $65c (57 delta) &/or Stock
http://www.investmenthouse.com/cd/nue.html
SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.
AAPL, AKAM, CELG, DRIV, GME, GOOG, ISE, MA, MRVL, NVDA, WEBX
AAPL: Picking up volume as it broke from its handle.
CELG: Turned back from the 90 day MA but lower trade. Higher low near this level would set the next move higher.
GME: Volume jumped up as GME jumped off the 50 day EMA in its nice 11 week base.
ISE: Still solid with another doji tapping the 50 day EMA on the low and recovering to hold the 90 day MA.
MA: Setting up more, fading to the 10 day EMA and showing a doji at that level.
Good Investing!
Jon L. Johnson and The Daily 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 recommendation
stock picking
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