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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: EXC
New Plays:
Upside:
Play Date: 03/28/2007
DXPE (DXP Enterprises--$40.75; -1.55; no options): Maintenance, repair, and operating products to US industrial customers
http://biz.yahoo.com/p/d/dxpe.html
EARNINGS: Announced 3-15-07
STATUS: Test breakout. Surged higher on the earnings, breaking out from a 11 month base. Big surge on that move followed by a week lateral move and a break higher Monday. Testing back the past two sessions, holding over the 10 day EMA (39.74) on the test. Strong momentum, and after this pullback it will be ready to continue up toward those highs in the base near 60. Our initial target is a bit less ambitious, but if it is moving we will let a part of it continue.
Volume: 312.151K Avg Volume: 133.807K
BUY POINT: $41.65 Volume=3.5M Target=$49.95 Stop=$39.57
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/dxpe.html
Play Date: 03/28/2007
HWCC (Houston Wire & Cable Co.--$26.68; +1.08; optionable): Specialty wire and cable products
http://biz.yahoo.com/p/h/hwcc.html
EARNINGS: Announced 3-14-07
STATUS: Ascending base. Lots of positive price/volume action in this 6 week ranging pattern that is setting HWCC up for a new high. A new issue last summer, this is HWCC's third base. Excellent surge Wednesday as it announced it was increasing the size of a secondary offering. Lots of interest and backers. Looking to move in as it continues this break.
Volume: 2.265M Avg Volume: 339.898K
BUY POINT: $27.21 Volume=350K Target=$32.48 Stop=$25.31
POSITION: UKL FE - June $25c (69 delta) or UKL IE - Sept. $25c (64 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/hwcc.html
Play Date: 03/28/2007
VTIV (Ventiv Health--$37.83; -0.21; optionable): Communications, commercialization, etc. for the pharma and life sciences industries.
http://biz.yahoo.com/p/v/vtiv.html
EARNINGS: Announced 2-27-07
STATUS: Double bottom w/handle. A short 6 week base has formed over the 50 day EMA (36.25), setting up the breakout to a new all-time high. Nice pattern that is consolidating the December breakout from a larger 10 month pattern, this is just the rest it needs to set up and head higher again. Wednesday it tested lower, tapping the 18 day EMA on the low and recovered to close flat. Nice shakeout setting the next breakout.
Volume: 461.527K Avg Volume: 305.203K
BUY POINT: $38.28 Volume=458K Target=$44.00 Stop=$36.95
POSITION: QBP GG - July $35c (72 delta) &/or Stock
http://www.investmenthouse.com/ci/vtiv.html
Downside: Just getting ready.
Play Date: 03/28/2007
ALL (Allstate--$59.86; -0.56; optionable): P&C insurance
http://biz.yahoo.com/p/a/all.html
EARNINGS: 4-18-07
STATUS: Put. Formed a big broad top November to January, and then broke lower with a gap. It has tried to hold the 200 day SMA (60.41), rebounding up to the 50 day EMA (61.16) last week. It failed and broke below the 200 day Wednesday on rising trade. Weak money flow is in the toilet. Looking for ALL to follow it lower. A move to the target lands a 46%ish gain. On a continued move lower we are going to go downside on the good hands people.
Volume: 2.699M Avg Volume: 3.045M
BUY POINT: $59.71 Volume=3M Target=$58.20 Stop=$60.45
POSITION: ALL QL - May $60p (-48 delta)
http://www.investmenthouse.com/ci/all.html
Play Date: 03/28/2007
OEX (S&P 100--$647.87; -5.20; optionable)
http://biz.yahoo.com/p/o/oex.html
STATUS: Put. Same pattern of that double bottom of the lows and rally up to the 90 day MA through the start of the week. It faded Tuesday and broke lower on rising trade Wednesday. Plenty of downside as it looks at the prior lows. Just looking to take a part of that move for starters, but will let it go lower if the selling really kicks in. A move to the target lands a 45%ish gain.
Volume: 1.525M Avg Volume: 1.65M
BUY POINT: $647.44 Volume=1.6M Target=$639.55 Stop=$649.75
POSITION: OEY PJ - Apr. $650p (-49 delta)
http://www.investmenthouse.com/ci/oex.html
Play Date: 03/28/2007
SBUX (Starbucks--$31.28; -0.44; optionable): Coffee shops, music labels, and who knows what is next
http://biz.yahoo.com/p/s/sbux.html
EARNINGS: 5-3-07
STATUS: Put. After making us some great money on the move lower in January and February as it trended lower on the slowing earnings. It became extended to the downside on the run, and it started back up as the company promised increased revenues in the future. It made it up to the 50 day EMA (32.28) last week and stalled. That is typical action in a downtrend: a trend below the 10 and 18 day EMA for 4 to 5 turns and then rebounds to test the 50 day EMA. If it fails there, another run lower is ahead. Looking for a move below the 18 day EMA (31.23) on the kind of volume it showed Wednesday to enter the play. A move to the target lands us a 44%ish gain.
Volume: 15.542M Avg Volume: 10.25M
BUY POINT: $31.18 Volume=10M Target=$30.55 Stop=$31.72
POSITION: SQX QZ - May $32.50p (-59 delta)
http://www.investmenthouse.com/ci/sbux.html
Good Investing!
Jon L. Johnson and your IH Alerts 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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trade stock
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