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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: CLB; CXW; GLDN; HWCC; KNOL; MM; OIH; RIO; ROCM; VLO
New Plays:
Upside:
Play Date: 03/29/2007
ATVI (Activision--$18.83; -0.18; optionable): Multimedia graphics, games
http://biz.yahoo.com/p/a/atvi.html
EARNINGS: 4-24-07
STATUS: Double bottom w/handle breakout. ATVI surged Wednesday on strong volume, clearing an 11 week base consolidating the second half 2006 run. Solid 4 to 2 accumulation in the pattern (4 up price weeks on rising volume to 2 down price weeks on rising volume) shows a good buying foundation to support the breakout and run higher. Excellent action and ready to move in as it moves back up.
Volume: 4.234M Avg Volume: 4.923M
BUY POINT: $19.05 Volume=5M Target=$21.95 Stop=$18.04
POSITION: AQV HW - Aug. $17.50c (70 delta) &/or Stock
http://www.investmenthouse.com/ct/atvi.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/ct/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/ct/ua.html
Continuing play ready to move:
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/ct/mon.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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