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us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: BEAV; CXW; FCX; FLS; GLDN; ISE; OII; PAAS; SPWR
New Plays: Still many strong upside plays as the market pushes toward the prior highs. We are looking at strong stocks in sectors that will hold up the best even if the market stumbles at those highs: Gold, medical, materials, industrial
Upside:
Play Date: 04/14/2007
AUY (Yamana Gold--$15.06; +0.34; optionable): Gold
http://biz.yahoo.com/p/a/auy.html
EARNINGS: Announced 3-20-07
STATUS: Ascending triangle. Strong volume Friday as AUY approaches the top of its 7 week base formed making higher lows above the 50 day EMA (14.08). This is the third base since the rally got underway in earnest in late 2005 as AUY came off of the bottom of its long base. Good pause to catch its breath after November to February run, and it is now regrouped and ready to move higher with the continuing push in gold prices as inflation shows more signs of setting in.
Volume: 6.797M Avg Volume: 7.01M
BUY POINT: $15.32 Volume=10M Target=$18.55 Stop=$13.38
POSITION: AUY GC - July $15c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/auy.html
Play Date: 04/14/2007
BDX (Becton Dickinson--$78.28; -0.18; optionable): Medical supplies, lab equipment, diagnostic products
http://biz.yahoo.com/p/b/bdx.html
EARNINGS: 4-25-07
STATUS: Breakout test. BDX surged to end March and in early April, breaking out from its 7 week cup base on excellent volume. It is now testing that move, coming back the past week to tap and hold the 10 day EMA (77.86). Nice set up to take BDX to a new all-time high, and this base with its strong money flow is doing just that. Want to see volume kick up again as it resumes the breakout move. Very solid fundamentals matched to a strong price pattern.
Volume: 688.323K Avg Volume: 1.114M
BUY POINT: $79.05 Volume=1.2M Target=$90.95 Stop=$77.08
POSITION: BDX IP - Sept. $80c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/bdx.html
Play Date: 04/14/2007
CX (Cemex SA--$34.79; -0.21; optionable): Cement
http://biz.yahoo.com/p/c/cx.html
EARNINGS: Late April
STATUS: Double bottom w/handle. After a very nice run from January to February. It needed a break and formed the current 7 week base to do just that. It rallied sharply to start last week, clearing the 'hump' in the double bottom. It faded back to form the handle, holding above the 50 day SMA (34.50) on lower volume. May take a couple more sessions to form up but solid action setting up another breakout and run higher.
Volume: 2.17M Avg Volume: 3.332M
BUY POINT: $35.65 Volume=5M Target=$40.99 Stop=$33.95
POSITION: CX GG - July $35c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/cx.html
Play Date: 04/14/2007
DRIV (Digital River--$56.27; +0.60; optionable): e-commerce solutions for software, high-tech, retailers
http://biz.yahoo.com/p/d/driv.html
EARNINGS: 4-26-07
STATUS: Ascending base. Volume jumped Friday as an upgrade helped push DRIV up through its early March high. It has now made a higher low in its 20 week base, setting up a break higher. We have been watching DRIV all through this base. It was a big winner for us in 2006 and we have been waiting for it to provide us another opportunity to make us some money. Looking for some more strong volume to take it higher in its base, following the strong money flow.
Volume: 1.313M Avg Volume: 1.28M
BUY POINT: $56.78 Volume=1.6M Target=$67.95 Stop=$54.68
POSITION: DQI IK - Sept. $55c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/driv.html
Play Date: 04/14/2007
DXPE (DXP Enterprises--$41.18; +0.60; no options): Repair and maintenance services and products for industrial customers
http://biz.yahoo.com/p/d/dxpe.html
EARNINGS: Announced 3-15-07
STATUS: Cup w/handle. DXPE is working in a three week handle to a 12 month base, holding at the 18 day EMA on the past two tests, making a higher low as it sets up for a run at a breakout. May take a few more sessions to get the handle finished, but it is capable of running fast and hard when it takes off. It was showing some good volume to end last week as it jumped off the 18 day EMA, so we want to be ready.
Volume: 138.511K Avg Volume: 139.097K
BUY POINT: $42.38 Volume=210K Target=$54.95 Stop=$39.95
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/dxpe.html
Play Date: 04/14/2007
ICE (Intercontinental Exchange--$129.79; +3.13; optionable)
http://biz.yahoo.com/p/i/ice.html
EARNINGS: 5-2-07
STATUS: Cup. Taking another look at ICE as it improved nicely to end last week, moving up to the 50 day EMA (130.07) on the Friday close as volume, while below average, jumped back up. If it can give us some strong volume as it moves through the 50 day we will look at opening some positions on the move. We will let it make that run, test it, and then as it turns up again we can add positions.
Volume: 3.137M Avg Volume: 4.98M
BUY POINT: $131.95 Volume=5M Target=$150.95 Stop=$127.55
POSITION: ICE FV - June $130c (55 delta) or ICE IW - Sept. $135c (44 delta)
http://www.investmenthouse.com/ci/ice.html
Continuing plays ready to move:
AH
BLUD
CELG
JCOM
NCTY
NTGR
SMSI
VLCM
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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us stock market
stock recommendation
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