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stock recommendation, stock pick
Begin part 3 of 3
THE PLAYS
Good movers: ADM; AGU; ALJ; CMTL; COGO; FALC; FCX; GROW; MM; NIHD; ROCM; TRW; VLO
New Plays:
Upside:
Play Date: 04/09/2007
AVT (Avnet--$38.33; -0.55; optionable): Electronic components, enterprise network and computer products
http://biz.yahoo.com/p/a/avt.html
EARNINGS: 4-26-07
STATUS: Ascending base. AVT broke higher Thursday on strong, above average volume, clearing an 8 week ascending base that consolidated the January breakout from a larger 10 month cup with handle. After a longer base such as that, a smaller case can consolidate the move and send the stock on another run. Thursday AVT jumped higher on strong trade, testing that move Monday, tapping at the late March highs before rebounding to cut some of the losses. Nice action and ready to move in as AVT resumes the move higher after this test.
Volume: 2.815M Avg Volume: 2.3M
BUY POINT: $38.92 Volume=2.4M Target=$46.50 Stop=$36.96
POSITION: AVT HH - Aug. $40c (47 delta) &/or Stock
http://www.investmenthouse.com/ci/avt.html
Play Date: 04/09/2007
GS (Goldman Sachs--$208.94; +1.01; optionable): Investment brokerage
http://biz.yahoo.com/p/g/gs.html
EARNINGS: Announced 3-13-07
STATUS: Cup w/handle. GS continues working laterally along the 18 and 50 day EMA, forming a handle to its 6 week pattern that formed after the late April selling in these stocks in this sector. It has put in its time and now we are looking for a break higher on stronger trade.
Volume: 3.611M Avg Volume: 7.655M
BUY POINT: $210.22 Volume=10M Target=$229.75 Stop=$206.95
POSITION: GPY GB - July $210c (60 delta)
http://www.investmenthouse.com/ci/gs.html
Play Date: 04/09/2007
ICE (Intercontinental Exchange--$128.50; -0.38; optionable)
http://biz.yahoo.com/p/i/ice.html
EARNINGS: 5-2-07
STATUS: Cup. ICE has put in some time as well in its current 6 week base, forming up for the next move after its October through February run. It bottomed in late March and has started working higher. Monday it tried to move through the 50 day EMA (130.44) but could not hold the move on the close. Looking for another push, this time on stronger volume, to take it to the buy point and show us ICE is ready to start moving higher in its base and give us an early entry point.
Volume: 3.008M Avg Volume: 5.058M
BUY POINT: $130.74 Volume=6M Target=$150.45 Stop=$127.21
POSITION: ICE FV - June $130c (53 delta)
http://www.investmenthouse.com/ci/ice.html
Play Date: 04/09/2007
NTGR (Netgear--$29.31; -0.28; optionable): Network products for home and small business users
http://biz.yahoo.com/p/n/ntgr.html
EARNINGS: 4-26-07
STATUS: Double bottom. NTGR gapped higher Monday, as it continued its move over the February 'hump' in the 11 week pattern formed at the 90 day MA (27.37). Solid 3 to 1 accumulation in the base (3 up price weeks on rising volume to 1 down price weeks on rising volume) shows plenty of buying to send it higher toward a new all-time high. Nice pattern and looks ready to make that new high move.
Volume: 480.816K Avg Volume: 728.971K
BUY POINT: $29.78 Volume=1M Target=$35.78 Stop=$28.48
POSITION: TUD IF - Sept. $30c (50 delta) &/or Stock
http://www.investmenthouse.com/ci/ntgr.html
New buy point on current position:
Play Date: 04/09/2007
ACTG (Acacia Research--$16.00; -0.41; no options): Patent acquisition for individuals and small businesses
http://biz.yahoo.com/p/a/actg.html
EARNINGS: Announced 2-21-07
STATUS: Breakout test. Surged Thursday on strong volume as ACTG jumped off the test of the breakout from its 16 week cup base. Monday it tested on lower trade, and we are looking to pick up ACTG as it resumes its move to another new all-time high.
Volume: 301.586K Avg Volume: 208.619K
BUY POINT: $16.57 Volume=225K Target=$19.95 Stop=$15.48
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/actg.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 recommendation
stock pick
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