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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: HMSY; IOC; ROCM
New Plays:
Upside:
Play Date: 03/27/2007
EDU (New Oriental Education & Tech--$43.37; +0.39; optionable): Private education services in China
http://biz.yahoo.com/p/e/edu.html
STATUS: Reverse head and shoulders. A new issue in November 2006, EDU has enjoyed a nice run and is currently in its third base since it its IPO. It has spent the past week moving laterally as the 10 day EMA rises to meet it. Good set up for a break to yet another new all-time high. Top earnings growth rates to go along with the pattern.
Volume: 223.2K Avg Volume: 419.779K
BUY POINT: $43.95 Volume=600K Target=$51.95 Stop=$41.65
POSITION: EDU GI - July $45c (52 delta) &/or Stock
http://www.investmenthouse.com/cd/edu.html
Play Date: 03/27/2007
ITRI (Itron--$65.17; -0.17; optionable): Solid state meters, automated meter reading, etc. for energy and water providers
http://biz.yahoo.com/p/i/itri.html
EARNINGS: 4-23-07
STATUS: Double bottom w/handle. A nice 5 week base has formed, acting as the handle to an 11 month double bottom with handle. A double bottom with handle on double bottom with handle pattern. In any event, a very nice pullback the past four sessions has formed the handle to the small base, setting up the breakout for a run to a new all-time high. Excellent pattern.
Volume: 267.749K Avg Volume: 472.484K
BUY POINT: $66.11 Volume=709K Target=$75.95 Stop=$64.28
POSITION: IUP HM - Aug. $65c (59 delta) &/or Stock
http://www.investmenthouse.com/cd/itri.html
Play Date: 03/27/2007
LTM (Life Time Fitness--$51.65; -0.28; optionable): Fitness clubs
http://biz.yahoo.com/p/l/ltm.html
EARNINGS: 4-26-07
STATUS: Cup w/handle. Fading back this week to tap the 50 day SMA, forming the handle to its 10 week base. A reverse head and shoulders formed at the bottom of the base and broke it higher. This handle is setting it up for a new breakout. Need to see it clear 52 on some very strong volume.
Volume: 491.1K Avg Volume: 445.902K
BUY POINT: $52.35 Volume=669K Target=$59.48 Stop=$50.78
POSITION: LTM HJ - Aug. $50c (62 delta, low OI) &/or Stock
http://www.investmenthouse.com/cd/ltm.html
Downside:
Play Date: 03/27/2007
MDT (Medtronic--$48.68; -1.15; optionable): Medical appliances
http://biz.yahoo.com/p/m/mdt.html
EARNINGS: Announced 2-20-07
STATUS: Put. Volume spiked at the end of February after MDT broke down, tried to hold the 200 day SMA (49.69), but then broke that level. It tried to recover but two attempts have failed, and Tuesday MDT was heading lower on strong volume, breaking down from the 200 day. Money flow is falling ahead of price, and we are looking for MDT to follow it. A move to the target lands a 40%ish gain.
Volume: 9.938M Avg Volume: 6.102M
BUY POINT: $48.55 Volume=6.2M Target=$47.00 Stop=$49.18
POSITION: MDT QJ - May $50p (-56 delta)
http://www.investmenthouse.com/cd/mdt.html
CONTINUING PLAY READY TO MOVE:
Play Date: 03/21/2007
ISE (International Securities Exchange--$48.71; +0.82; optionable)
http://biz.yahoo.com/p/i/ise.html
STATUS: Cup. Volume was the highest in two weeks as ISE jumped off the 90 day MA. Looks ready to make the definitive move off the bottom of its 16 week base. Money flow continues to surge higher ahead of price. Ready to move in as ISE makes its move higher.
Volume: 626.4K Avg Volume: 808.318K
BUY POINT: $49.44 Volume=1.2M Target=$55.45 Stop=$46.42
POSITION: ISE GI - July $45c (63 delta) or ISE GJ - July $50c (48 delta) &/or Stock
http://www.investmenthouse.com/cd/ise.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
GME: Well, there was the breakout. Beat the street and raised guidance.
ISE: Ready for the break higher.
MA: Still testing back, holding the 18 day EMA.
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 investment information
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