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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: CLB; CMTL; FCX; GLDN; OII; RIG; RIMM; ROCM; SPWR; VCLK
New Plays:
Upside:
Play Date: 04/10/2007
EDU (New Oriental Education & Tech--$42.98; +0.76; optionable): Chinese education and training
http://biz.yahoo.com/p/e/edu.html
EARNINGS: Mid-April
STATUS: Ascending base. Looking at EDU again as it continues setting up its 8 week base formed using the 50 day EMA (40.26) as support. A new issue in September 2006, looking for some volume to come in as it breaks above the trendline connecting the February and late March highs. Love these new issues as they break higher out of bases.
Volume: 179.6K Avg Volume: 406.806K
BUY POINT: $43.44 Volume=600K Target=$51.95 Stop=$41.77
POSITION: EDU GH - July $40c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/edu.html
Play Date: 04/10/2007
HES (Hess Corp.--$56.38; +1.30; optionable): Oil and gas refining, marketing
http://biz.yahoo.com/p/h/hes.html
EARNINGS: 4-25-07
STATUS: Test 18 day EMA. HES broke out from a 5 week double bottom in late March, though volume was not surging. Has come back to test that move, holding the 18 day EMA (55.32) this week, setting up toward the breakout to the new high. Money flow remains strong and looking for volume to jump higher as it rebounds off this near support.
Volume: 2.531M Avg Volume: 3.188M
BUY POINT: $57.05 Volume=4M Target=$65.50 Stop=$54.88
POSITION: IGG HK - Aug. $55c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/hes.html
Play Date: 04/10/2007
JCOM (J2 Global Communications--$28.17; +0.25; optionable): Internet telecom services
http://biz.yahoo.com/p/j/jcom.html
EARNINGS: Announced 3-12-07
STATUS: Double bottom w/handle. Working on a three week handle to its 9 month base. It gapped lower in early January then gapped back up to the same point in mid-March; an island reversal. Now working laterally after that last move, setting up for the next break higher. Looking for this low volume to turn into stronger volume as it makes the break higher.
Volume: 303.569K Avg Volume: 732.395K
BUY POINT: $28.88 Volume=1M Target=$34.95 Stop=$27.45
POSITION: JQF IE - Sept. $25c (72 delta) &/or Stock
http://www.investmenthouse.com/ci/jcom.html
Continuing plays ready to move:
Play Date: 03/24/2007
MS (Morgan Stanley--$80.28; -0.02; optionable): Investment brokerage
http://biz.yahoo.com/p/m/ms.html
STATUS: Double bottom w/handle. Volume rallied Tuesday as MS tried the breakout but could not finish off the move. Still a solid 9 week base with an upside island reversal that is a bullish indication. Being patient and letting it show the move. Does look good.
Volume: 5.597M Avg Volume: 6.261M
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/ci/ms.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 investment information
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