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Begin part 3 of 3
THE PLAYS
Good movers: AGU; BEAV; BLUD; CROX; EDU; MS; NTGR; PAAS; PCLN; RCOM; SPWR; VTIV; WFR; WMS
New Plays:
Upside:
Play Date: 04/16/2007
AGE (A.G. Edwards--$73.15; +1.94; optionable): Investment brokerage
http://biz.yahoo.com/p/a/age.html
EARNINGS: Announced 3-29-07
STATUS: Test breakout. AGE is one of the leaders in its sector. It broke higher in late March on its earnings news and rallied just over 72. It came back to test the 10 day EMA last Friday, showing a doji at that level. That often indicates a move back after a pullback, but AGE then gapped lower Monday. It held the 18 day EMA, however, and then shot back up. Volume was not what we want to see, however, as it came in below average and the lowest in a week. Like the price action, and if we get some volume it is a buy.
Volume: 386.063K Avg Volume: 474.71K
BUY POINT: $73.38 Volume=650K Target=$84.45 Stop=$69.95
POSITION: AGE HN - Aug. $70c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/age.html
Play Date: 04/16/2007
AKAM (Akami Technologies--$54.26; +1.26; optionable): Digital media distribution and storage, etc. for the internet
http://biz.yahoo.com/p/a/akam.html
EARNINGS: 4-25-07
STATUS: Double bottom. AKAM has formed something we call a 'flying W' double bottom where the second leg does not undercut the prior one. With a strong stock this is a bullish pattern. AKAM made a high volume gap last Thursday that took it to the 'hump' in the double bottom. It did not make the break, but it caught our attention. Monday volume was up but still below average as it made the break over that mid-point in the pattern. Still looking for more volume as it continues higher. AKAM was a strong performer for us in its big 2006 run. It needed a break after that run and after a choppy end of 2006 and this base it has the look of being ready to make the move.
Volume: 2.717M Avg Volume: 4.08M
BUY POINT: $54.39 Volume=6M Target=$62.50 Stop=$52.68
POSITION: UMU HK - Aug. $55c (55 delta) &/or Stock
http://www.investmenthouse.com/ci/akam.html
Play Date: 04/16/2007
ROST (Ross Stores--$34.75; +1.16; optionable): Discount apparel stores
http://biz.yahoo.com/p/r/rost.html
EARNINGS: 5-23-07
STATUS: Cup w/handle. Strong volume Monday as ROST surges off the 50 day EMA that acted as support in the 3 week handle to its 8 week base. This small base formed after the January breakout and run from a 3 year trading range. After that breakout and run it needed a breather; it takes a lot out of you to breakout of a long term base. Like this pattern and like the strong money flow. Retail sales did not hurt the move so we want to see it sustain this strength as it clears the March highs and shows us the buy point.
Volume: 1.835M Avg Volume: 1.364M
BUY POINT: $34.95 Volume=1.6M Target=$40.45 Stop=$33.24
POSITION: REQ HZ - Aug. $32.50c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/rost.html
Play Date: 04/16/2007
TZOO (Travelzoo--$37.65; +0.55; optionable): Internet-based travel offer service
http://biz.yahoo.com/p/t/tzoo.html
EARNINGS: 4-24-07 after the close
STATUS: Cup w/handle. TZOO has had more time to set up and we like the higher low it is making along the 18 day EMA in the handle to its 12 month base. The base hugged the 50 day EMA until moving higher in February and March when it formed the right side of the base. It made that higher low at the 18 day EMA. It has shown some high volume upside spikes, indicating there is some buying going on in the handle ahead of the earnings later this month. Always like to see that. A top earnings grower in the market. Just being patient to see if it will deliver a strong breakout from this longer term base.
Volume: 176.479K Avg Volume: 355.459K
BUY POINT: $38.18 Volume=545K Target=$45.95 Stop=$36.48
POSITION: QTV FG - June $35c (65 delta) or QTV IH - Sept. $40c (46 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/tzoo.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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