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stock recommendation, stock market recommendation
Begin the real part 3 of 3
THE PLAYS
Good movers: ARD; CMC; FCX; GLDN; MO; NUE; OIH; RIO; ROCM; RS
New Plays:
Upside:
Play Date: 03/29/2007
AAPL (Apple Computer--$93.75; +0.51; optionable): iPods, iPhones, iTV's, and computers
http://biz.yahoo.com/p/a/aapl.html
EARNINGS: 4-25-07
STATUS: Test breakout. We said we would keep an eye on AAPL if it set up again, and Thursday it traded below the 10 day EMA (93.06), waived at the 18 day EMA, and recovered for a gain. Good shakeout, and with some more volume and upside movement we will look at running it again.
Volume: 25.928M Avg Volume: 33.563M
BUY POINT: $94.48 Volume=40M Target=$105.95 Stop=$92.11
POSITION: QAA GS - July $95c (53 delta)
http://www.investmenthouse.com/cd/aapl.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/cd/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/cd/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/cd/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/cd/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/cd/mon.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: See play above.
DRIV: Making a higher low at the 50 day EMA. Shaping up here but need to see how it responds off this test.
ISE: Just about ready to make the move.
MA: Also ready to move
MRVL: Diving. Almost at the October lows.
NVDA: High volume as NVDA fell lower, now testing the prior March lows that are 6 month lows.
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 market recommendation
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