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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: ADM; AGU; COGO; GROW; ITRI; MM; NIHD; PCU; ROCM; SIGA; VLO
New Plays:
Upside:
Play Date: 04/09/2007
AMX (America Movil--$50.55; +0.81; optionable): Telecom wireless communications, Latin America
http://biz.yahoo.com/p/a/amx.html
EARNINGS: Announced 2-7-07
STATUS: Breakout test. AMX started the month with a strong surge out of a 7 week base, rallying on strong volume to a new all-time high. After that move it needed a breather and took one last week on lower trade. Monday it started higher on rising but below average volume, starting the rebound from the test and heading back for a new high. Ready to move in as AMX moves on.
Volume: 3.638M Avg Volume: 5.937M
BUY POINT: $50.72 Volume=6M Target=$57.95 Stop=$48.88
POSITION: AMX HJ - Aug. $50c (57 delta) &/or Stock
http://www.investmenthouse.com/ct/amx.html
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/ct/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/ct/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/ct/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/ct/ntgr.html
CONTINUING PLAYS:
Play Date: 04/05/2007
ACTG (Acacia Research--$16.41; +0.66; no options): Development, acquisition, licensing of patented technologies. Assists smaller companies, inventors with patents
http://biz.yahoo.com/p/a/actg.html
EARNINGS: Reported 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. To recap: ACTG broke out from a 16 week cup with handle base in mid-March, rallying on some solid trade. It made it near 16.50 on the initial run and then tested back the past two weeks, holding at the 18 day EMA (15.55) on the test. Thursday it tapped the 18 day on the low and then surged higher on very strong volume. Excellent action and ready to move in as ACTG continues this break higher.
Volume: 557.851K Avg Volume: 209.168K
BUY POINT: $16.57 Volume=225K Target=$19.95 Stop=$15.48
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/actg.html
Play Date: 03/31/2007
AH (Armor Holdings--$68.06; -0.10; optionable): Vehicle armor, etc.
http://biz.yahoo.com/p/a/ah.html
EARNINGS: Announced 2-21-07
STATUS: Breakout test. AH is making a low volume test of the 10 day EMA (67.69), showing a tight doji at that level after gapping higher to start the month. Nice move to a new all-time high and after this low volume pullback it is ready for more.
Volume: 299.6K Avg Volume: 575.556K
BUY POINT: $68.35 Volume=890K Target=$78.95 Stop=$66.21
POSITION: AH HN - Aug. $70c (50 delta) &/or Stock
http://www.investmenthouse.com/ct/ah.html
Play Date: 04/05/2007
BEAV (BE Aerospace--$32.16; -0.28; optionable): Cabin interiors for commercial and business jets
http://biz.yahoo.com/p/b/beav.html
EARNINGS: Announced 2-5-07
STATUS: Breakout test. Nice tight lateral move along the 18 day EMA (32.04) on low volume is setting BEAV up for the breakout to a 10 year high and a run at an all-time high. Just being patient to let it show us the move. To recap: BEAV is testing the 18 day EMA following the January breakout from a 9 month double bottom with handle base. It moved higher, then tested the 50 day EMA in all of the market selling. It held there and formed a double bottom, breaking sharply higher mid-March. It has since tested back to the 18 day EMA in a narrow range and on lower volume. It ended the week showing a pair of tight dojis above the 18 day EMA on the candlestick chart after a low volume shakeout a week back. It now looks ripe to make the break higher this week.
Volume: 506.242K Avg Volume: 1.043M
BUY POINT: $32.88 Volume=1.2M Target=$37.95 Stop=$31.89
POSITION: BQV GF - July $30c (72 delta) &/or Stock
http://www.investmenthouse.com/ct/beav.html
Play Date: 03/24/2007
MS (Morgan Stanley--$80.30; 0.00; optionable): Investment brokerage
http://biz.yahoo.com/p/m/ms.html
EARNINGS: Announced 3-21-07
STATUS: Double bottom w/handle. Nice tight doji at the 90 day MA (79.64) on below average volume as MS sets up beautifully for the next break higher. Just waiting for the breakout move to show itself. To recap: Holding up at the 90 day MA on the lows as MS sets a higher low after bouncing Tuesday off the 50 day EMA on rising volume. Setting up very nicely for the next break higher. An interesting pattern as it gapped lower to end February, then gapped higher mid-March from the same spot. That is an island reversal gap and bodes well for further upside. This handle is icing on the cake.
Volume: 3.448M Avg Volume: 6.252M
BUY POINT: $80.88 Volume=8.9M Target=$94.95 Stop=$78.21
POSITION: MS GP - July $80c (63 delta) &/or Stock
http://www.investmenthouse.com/ct/ms.html
Play Date: 04/03/2007
NYX (NYSE Euronext--$96.05; -0.69; optionable)
http://biz.yahoo.com/p/n/nyx.html
EARNINGS: 4-26-07
STATUS: Cup w/handle. Fading back to the 90 day MA (94.81) after completing the deal with Euronext early last week. Nicely formed 12 week base, and this fade is forming a short handle, setting the move higher. Money flow remains strong, and looking for NYX to give us a new jump higher that we can move into.
Volume: 3.843M Avg Volume: 6.551M
BUY POINT: $98.65 Volume=9.5M Target=$113.95 Stop=$94.95
POSITION: NYX FT - June $100c (57 delta)
http://www.investmenthouse.com/ct/nyx.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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