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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: CLB; GROW; HWCC; ISE; MON; OII; VCLK; VLO; VTIV
New Plays:
Upside:
Play Date: 04/12/2007
BLUD (Immucor--$33.67; +0.19; optionable): Blood analysis, testing systems
http://biz.yahoo.com/p/b/blud.html
EARNINGS: Announced 4-4-07
STATUS: Test breakout. Big break higher on the earnings results, that move taking it out of 12 week base. It spent this week testing back then bounced Thursday on rising, above average volume. Strong money flow continues to lead the way higher. After this test BLUD is ready to move higher once more as well, moving again into new high territory. Strong stock with a great pattern and excellent fundamentals growth rates.
Volume: 906.753K Avg Volume: 790.414K
BUY POINT: $34.25 Volume=1.2M Target=$39.95 Stop=$32.24
POSITION: QMQ IG - Sept. $35c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/blud.html
Play Date: 04/12/2007
CELG (Celgene--$58.00; +0.40; optionable): Cancer drug development
http://biz.yahoo.com/p/c/celg.html
EARNINGS: Announced 2-1-07
STATUS: Cup w/handle. CELG surged to start the month, rallying to just below the December high at 60 and then pulling back this week to test the move. It tapped at and held the 10 day EMA on the Wednesday low, rebounding nicely. Thursday it was up a bit more but on low trade. May take 2 to 3 more sessions to finish forming the handle, but want to be ready when it starts back up through the buy point. Strong fundamentals growth rates and a strong pattern. Nice.
Volume: 2.964M Avg Volume: 3.735M
BUY POINT: $58.98 Volume=5M Target=$67.95 Stop=$56.44
POSITION: LQH GL - July $60c (49 delta) &/or Stock
http://www.investmenthouse.com/ci/celg.html
Play Date: 04/12/2007
CSX (CSX Corp.--$43.14; +1.42; optionable): Railroads
http://biz.yahoo.com/p/c/csx.html
EARNINGS: 4-17-07
STATUS: Reverse head and shoulders breakout. Volume surged Thursday as CSX continued the breakout from a 7 week base. It broke higher Monday on word Warren Buffet was buying railroads, then tested Tuesday and Wednesday. Thursday it was back in action, rising on strong volume to a new all-time high. Ready to move in as CSX continues this breakout.
Volume: 11.937M Avg Volume: 7.615M
BUY POINT: $43.39 Volume=8M Target=$51.85 Stop=$41.11
POSITION: CSX HH - Aug. $40c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/csx.html
Play Date: 04/12/2007
VLCM (Volcom--$37.14; +0.47; optionable): Men's and women's clothing
http://biz.yahoo.com/p/v/vlcm.html
EARNINGS: Announced 2-22-07
STATUS: Cup w/handle. Sweet little 7 week base has formed over the 50 day EMA, ready to break VLCM out for a run at its all-time high up near 42. Part of a much larger base, but this little one is the one of interest now. Money flow is strong and leading higher. Excellent fundamentals growth rates to match the strong pattern. Looks ready, just waiting for the price move and some strong trade to drive it.
Volume: 109.853K Avg Volume: 271.435K
BUY POINT: $37.72 Volume=400K Target=$43.45 Stop=$36.08
POSITION: UQY GG - July $35c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/vlcm.html
Ready to move:
NCTY
SMSI
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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trade stock
stock recommendation
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