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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS:
Good movers: BA; NCTY; ROCM; TK
New Post-Split plays:
Play Date: 04/18/2007
SWN (Southwestern Energy--$42.55; -0.42; optionable): Independent oil and gas
http://biz.yahoo.com/p/s/swn.html
EARNINGS: 4-30-07
STATUS: Test breakout. SWN has faded to the 18 day EMA (42.29) to test the breakout from its 17 week cup with handle two weeks back. Strong volume on this move higher and a bit high on the Tuesday fade, but that was symptomatic of the entire sector. It held near support, showing a doji Wednesday. This is also the high from December, a good support level. Looking for a high volume jump off of this level to show us the buyers are back in.
Volume: 2.963M Avg Volume: 1.994M
BUY POINT: $43.24 Volume=3M Target=$50.95 Stop=$42.05
POSITION: SWN IH - Sept. $40c (65 delta) &/or Stock
http://www.investmenthouse.com/cs/swn.html
New Leader Plays:
Play Date: 04/18/2007
HITT (Hittite Microwave--$44.48; +1.31; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/h/hitt.html
EARNINGS: 4-26-07
STATUS: Double bottom w/handle. Working on the handle to a 6 month base, using the 10 day EMA as support, bouncing off that near support Wednesday, tapping at the February high that marks the breakout point. Needs some more volume but a leader in its sector. Nice set up.
Volume: 192.933K Avg Volume: 304.33K
BUY POINT: $45.05 Volume=450K Target=$53.95 Stop=$42.68
POSITION: QDH II - Sept. $45c (51 delta, low OI) &/or Stock
http://www.investmenthouse.com/cs/hitt.html
Play Date: 04/18/2007
PTNR (Partner Communications--$15.93; -0.16; optionable): Israeli mobile telephony on GSM technology
http://biz.yahoo.com/p/p/ptnr.html
EARNINGS: 5-7-07
STATUS: Breakout test. Test breakout. PTNR broke out from its 6 week double bottom with handle in early April on a strong volume surge. Peaked at 16.30ish on the initial move and then tested the past week, holding the 10 day EMA on the lows. Volume was mostly lower, indicating little selling on the pullback. Volume jumped back up Wednesday as PTNR held the 10 day. Looking for a strong break higher to indicate the buyers are back in.
Volume: 472.277K Avg Volume: 404.09K
BUY POINT: $16.42 Volume=606K Target=$19.75 Stop=$15.57
POSITION: QPO HC - Aug. $15c (65 delta) &/or Stock
http://www.investmenthouse.com/cs/ptnr.html
Good Investing!
Jon L. Johnson and the Stock Split Report Staff.
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 of 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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stock split
stock recommendation
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