stock recommendation, stock investment information

Begin part 3 of 3

Full report issues Wednesday.

THE PLAYS

Good movers: CLB; EOG; FLIR; GLDN; OIH; PCU; RIG; RIMM; ROCM; SPWR

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/ct/edu.html

Play Date: 04/10/2007
ESLR (Evergreen Solar--$11.29; +0.64; optionable): Solar products
http://biz.yahoo.com/p/e/eslr.html
EARNINGS: Announced 2-14-07
STATUS: Cup. Volume is up on the upside days, including Tuesday, as ESLR moves higher and continues forming the right side of its 13 month cup base. Cleared the 200 day SMA in late February and then spent the intervening 5 weeks moving laterally over that level. It broke higher last week and Tuesday volume jumped back up as ESLR broke sharply higher. Money flow is leading the way as it clears the February high. Ready to start some positions as ESLR continues to the upside.
Volume: 3.802M Avg Volume: 3.028M
BUY POINT: $11.48 Volume=3.5M Target=$13.95 Stop=$10.68
POSITION: QLU IB - Sept. $10c (70 delta) &/or Stock
http://www.investmenthouse.com/ct/eslr.html

Good Investing!
Jon L. Johnson and your Technical Traders Report Team

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