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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: EXC; FLIR; GIGM; GLDN; GROW; IOC; IVN; PCU; RIMM; RIO; UA; VCLK; VSEA; WMS
New Plays:
Upside:
Play Date: 04/03/2007
NYX (NYSE Group--$101.00; +5.96; optionable)
http://biz.yahoo.com/p/n/nyx.html
EARNINGS: 4-26-07
STATUS: Cup w/handle breakout. Surging volume as NYX broke out from the handle to its 12 week base as Euronext and NYSE close their deal on Wednesday. Whatever the reason, the move is strong and we are ready to move in as it continues its move.
Volume: 12.839M Avg Volume: 6.571M
BUY POINT: $101.39 Volume=9.5M Target=$113.95 Stop=$94.95
POSITION: NYX FT - June $100c (57 delta)
http://www.investmenthouse.com/ct/nyx.html
Play Date: 04/03/2007
PAAS (Pan American Silver--$29.91; +0.10; optionable): Silver
http://biz.yahoo.com/p/p/paas.html
EARNINGS: 5-1-07
STATUS: Double bottom w/handle. Short but nice 5 week base has formed using the 90 day MA (26.88) on the two legs as support. Volume started higher Monday and Tuesday as PAAS pinched off in its handle over the 10 day EMA. Tried the move but backed off to the close. Looks ready to make the breakout, and that is when we move in.
Volume: 1.069M Avg Volume: 1.301M
BUY POINT: $30.45 Volume=2M Target=$36.55 Stop=$28.98
POSITION: USP GF - July $30c (57 delta) &/or Stock
http://www.investmenthouse.com/ct/paas.html
Play Date: 04/03/2007
VDSI (Vasco Data Security--$18.69; +0.97; no options): Security software
http://biz.yahoo.com/p/v/vdsi.html
EARNINGS: Announced 2-20-07
STATUS: Double bottom w/handle. Ready for a new high as VDSI tried the breakout from its 5 week base on Tuesday as volume surged. The stock could not hold the entire move, but a very nice pattern that is ready to make us some money. Superb fundamentals growth to go along with the pattern. Money flow is excellent and VDSI is ready to follow it.
Volume: 1.993M Avg Volume: 738.735K
BUY POINT: $18.97 Volume=1M Target=$23.45 Stop=$17.64
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/vdsi.html
New buy point on current play:
Play Date: 04/03/2007
WFR (Memc Electronic--$59.72; -1.19; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/w/wfr.html
EARNINGS: Late April
STATUS: Test 18 day EMA. Volume surged Tuesday as WFR tested down toward the 18 day EMA (58.82) on the low and rebounded. Still a loss on the session, but a nice recovery. It fell because a couple of competitors announced plans to increase manufacturing capacity. This is WFR's second test of the 18 day EMA following an early March test of the 50 day EMA. It broke out sharply from a 9 month cup with handle in late January, rallied 10 points, and then made an abrupt test of the 50 day EMA in the market selling. It recovered and is on its way again. Looking for a continued bounce on more solid volume to move into this strong leader again.
Volume: 8.136M Avg Volume: 5.139M
BUY POINT: $60.38 Volume=6M Target=$67.95 Stop=$57.65
POSITION: WFR GL - July $60c (57 delta) &/or Stock
http://www.investmenthouse.com/ct/wfr.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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us stock market
stock recommendation
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