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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
New Plays:
Upside:
Play Date: 03/27/2007
CTRP (Ctrip.com International--$65.86; -1.57; optionable): Chinese trip services
http://biz.yahoo.com/p/c/ctrp.html
STATUS: Double bottom w/handle. Very nice low volume pullback to the 10 day EMA Tuesday as CTRP sets the handle for the breakout from its 9 week base. Nice pattern setting up for a breakout to a new all-time high. Positive 4 to 2 accumulation in the base (4 up price weeks on rising volume to 2 down price weeks on rising volume) shows plenty of buying to give CTRP the foundation for its breakout and run higher. Consistent leader with solid fundamentals growth as well.
Volume: 234.191K Avg Volume: 476.567K
BUY POINT: $67.75 Volume=700K Target=$77.95 Stop=$65.21
POSITION: QCT IN - Sept. $70c (48 delta) or QCT FM - June $65c (59 delta) &/or Stock
http://www.investmenthouse.com/ct/ctrp.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/ct/itri.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/ct/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/ct/ise.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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