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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: ARD; CLB; CMC; FCX; GLDN; HWCC; RS; VLO
New Plays:
Upside:
Play Date: 03/29/2007
COG (Cabot Oil & Gas--$68.50; -0.49; optionable): Independent oil and gas. Splits 3-30-07
http://biz.yahoo.com/p/c/cog.html
STATUS: Cup with handle. Volume surged Thursday ahead of the split as COG held the 18 day EMA, setting up the breakout from the handle to its 5 week base. Not much of a run ahead of the split, and likely gearing up for the break higher as it splits down near $35/share.
Volume: 1.016M Avg Volume: 544.58K
BUY POINT: $35.21 Volume=700K Target=$40.95 Stop=$33.55
POSITION: COG GG - July $35c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/cog.html
Play Date: 03/29/2007
FLS (Flowserve--$57.30; +0.14; optionable): Flow control equipment for the oil field
http://biz.yahoo.com/p/f/fls.html
EARNINGS: Announced 3-2-07
STATUS: Cup w/handle. Spent the recent pullback in the market forming a low volume handle to its 13 month base. Tapped at the 18 day EMA (57.30) on the Wednesday and Thursday low and rebounded. Money flow continued higher even as it tested. Solid action that has set up the next move higher. Just looking for volume to come back in as it makes the move.
Volume: 263.9K Avg Volume: 444.915K
BUY POINT: $58.88 Volume=667K Target=$70.95 Stop=$56.38
POSITION: FLS GK - July $55c (70 delta, 89 OI) &/or Stock
http://www.investmenthouse.com/ci/fls.html
Play Date: 03/29/2007
RIG (Transocean--$82.75; +1.38; optionable): Offshore contract drilling services
http://biz.yahoo.com/p/r/rig.html
EARNINGS: Announced 2-14-07
STATUS: Double bottom w/handle. Volume jumped up above average Thursday as RIG started the breakout from its week long handle at the tail end of its 14 week base. The base is part of a larger 11 month pattern; excellent form both for the smaller base and the larger base. Like how the handle refused to give up any ground and the higher volume on the next break higher. Looking to step in as it continues higher.
Volume: 6.401M Avg Volume: 6.362M
BUY POINT: $83.25 Volume=8.5M Target=$95.75 Stop=$80.42
POSITION: RIG HQ - Aug. $85c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/rig.html
Play Date: 03/29/2007
UA (Under Armour--$50.73; +1.33; optionable): Sports apparel
http://biz.yahoo.com/p/u/ua.html
EARNINGS: Announced 2-1-07
STATUS: Double bottom w/handle. Spent the week working on a nice handle to its 9 week base, the third base of UA's relatively short life (IPO'd in November 2005). Classic double bottom action with the second leg forming in early March, undercutting the low of the first leg. Held the 10 day EMA (49.51) on the handle low and is starting to bounce. Looks super.
Volume: 683.89K Avg Volume: 792.446K
BUY POINT: $51.48 Volume=1.2M Target=$59.75 Stop=$48.94
POSITION: UA GJ - July $50c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/ua.html
Continuing plays ready to move:
Play Date: 03/27/2007
CXW (Corrections Corp of America--$52.03; +0.88; optionable): Private prison management/facilities
http://biz.yahoo.com/p/c/cxw.html
EARNINGS: Announced 2-8-07
STATUS: Double bottom w/handle. After the strong Monday break higher CXW faded to test the 50 day SMA on low, below average volume. Thursday it bounced off that level on rising trade. Looks ready to resume the move. To recap: Strong volume Tuesday as CXW jumped off the 10 day EMA, 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: 291.8K Avg Volume: 383.746K
BUY POINT: $52.78 Volume=450K Target=$59.45 Stop=$51.28
POSITION: CXW IJ - Sept. $50c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/cxw.html
Play Date: 03/26/2007
MON (Monsanto--$54.87; +0.59; optionable): Agricultural chemicals, hybrids, etc.
http://biz.yahoo.com/p/m/mon.html
EARNINGS: 4-4-07
STATUS: Double bottom w/handle. Very similar to CXW with a strong break higher Monday, a test of the 50 day EMA, and then up again Thursday on rising, average trade. Looks ready to make the breakout and start the next run. To recap: 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: 3.202M Avg Volume: 3.06M
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/ci/mon.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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stock split
stock recommendation
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