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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: CLB; EOG; GROW; HWCC; ITRI; MON; OIH; VCLK; VLO
New Plays:
Upside:
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/ct/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/ct/vlcm.html
Play Date: 04/12/2007
WOOF (VCA Antech--$38.87; +1.60; optionable): Vet services
http://biz.yahoo.com/p/w/woof.html
EARNINGS: 4-25-07
STATUS: Double bottom w/handle breakout. Surging volume Thursday as WOOF blasted out from a 7 week base formed above the 50 day EMA. Nice base on base action: WOOF broke out from a 5 month cup with handle in late February and then fell into this base. These patterns tend to really wring out the sellers and clear a path to the upside. WOOF is moving up to a new high where there is no overhead resistance. Excellent fundamentals growth rate to match its pattern. Ready to move in on a further run and then take some more positions on a successful test of this breakout move. No dogs here.
Volume: 1.08M Avg Volume: 340.492K
BUY POINT: $39.08 Volume=400K Target=$44.95 Stop=$37.15
POSITION: QWF IH - Sept. $40c (52 delta) &/or Stock
http://www.investmenthouse.com/ct/woof.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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trade stock
stock recommendation
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