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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good movers: FIG; NCTY; ROCM; SPWR; TK
New Plays:
Upside:
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/ct/hitt.html
Play Date: 04/18/2007
HNP (Huaneng Power Intl.--$40.83; -0.28; optionable): Power plants in China
http://biz.yahoo.com/p/h/hnp.html
EARNINGS: Announced 4-4-07
STATUS: Test breakout. HNP surged higher with a gap in early April, breaking out from a 12 week cup base. Excellent run up to 42.50 on that move, then testing back on lower volume the past week, coming back to the 10 day EMA to test. Volume spiked Tuesday and Wednesday as it holds steady, indicating it is ready to continue the break higher.
Volume: 338.1K Avg Volume: 212.603K
BUY POINT: $41.75 Volume=320K Target=$49.95 Stop=$40.05
POSITION: HNP HH - Aug. $40c (61 delta) &/or Stock
http://www.investmenthouse.com/ct/hnp.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/ct/ptnr.html
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/ct/swn.html
CONTINUING PLAYS:
Play Date: 04/16/2007
AKAM (Akami Technologies--$53.59; +0.01; 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 with handle. AKAM has formed a little handle here at the 90 day MA on lower volume. Looking for another high volume move as it makes the break higher. To recap: 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: 1.819M Avg Volume: 4.092M
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/ct/akam.html
Play Date: 04/09/2007
AMX (America Movil--$50.75; -0.20; optionable): Wireless telecom in Latin America
http://biz.yahoo.com/p/a/amx.html
STATUS: Breakout test. Still working laterally along the 10 day EMA, testing the early April breakout from its 7 week cup with handle. Great action, refusing to give up its gains as it consolidates for the next move. All it needs now is some volume as it makes the break higher.
Volume: 2.614M Avg Volume: 5.768M
BUY POINT: $50.72 Volume=6M Target=$57.95 Stop=$48.88
POSITION: AMX HJ - Aug. $50c (57 delta) &/or Stock
http://www.investmenthouse.com/ct/amx.html
Play Date: 04/14/2007
DXPE (DXP Enterprises--$40.82; -0.06; 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. Another doji over the 18 day EMA as DXPE continues to set up the breakout move. Low volume shows no sellers; just needs to show volume on the breakout. To recap: 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: 95.101K Avg Volume: 139.186K
BUY POINT: $42.38 Volume=210K Target=$54.95 Stop=$39.95
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/dxpe.html
Play Date: 04/17/2007
KSS (Kohls--$78.31; +0.36; optionable): Department stores
http://biz.yahoo.com/p/k/kss.html
EARNINGS: 5-17-07
STATUS: Test 18 day EMA. Tried to make the break Wednesday but volume was not there yet. Still set to make the move. To recap: KSS broke out from a 5 month base in late March and rallied near 79 on the move. It has come back to test, holding at the 18 day EMA (76.65) on the lows the past week. Tuesday it bounced off that level and the move looked good, but no volume was present. That is on aisle 4. Solid stock and a nice breakout. Money flow is leading the way higher and KSS looks ready to follow it once more.
Volume: 2.044M Avg Volume: 2.733M
BUY POINT: $78.55 Volume=3.5M Target=$89.95 Stop=$76.55
POSITION: KSS GO - July $75c (68 delta) &/or Stock
http://www.investmenthouse.com/ct/kss.html
Play Date: 04/16/2007
MAMA (Mama.Com--$5.37; -0.08; no options): Search technologies
http://biz.yahoo.com/p/m/mama.html
EARNINGS: Announced 3-7-07
STATUS: Cup. Some great volume spikes Monday and Tuesday as MAMA tried to make the break higher. Volume died back down Wednesday as MAMA held steady. Still set up well to make the break. To recap: Volume was up Monday as MAMA started higher off the 10 day EMA, looking to start the right side of its 16 week base. Strong money flow is well out ahead of price. Not one we want to hang onto forever, but it is really set up well for a run back up to the December high just over $8.
Volume: 2.517M Avg Volume: 2.513M
BUY POINT: $5.72 Volume=3M Target=$7.95 Stop=$5.32
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/mama.html
Play Date: 04/14/2007
PKI (Perkinelmer--$24.95; +0.03; optionable): Scientific instruments, services for life and analytical sciences.
http://biz.yahoo.com/p/p/pki.html
EARNINGS: 4-26-07
STATUS: Cup w/handle breakout. After the strong Friday break higher PKI has spent this week testing back to the 10 day EMA on much lower volume. Very calm, orderly test that looks to have finished its pullback and is ready to continue the breakout. To recap: Excellent volume last week as PKI prepared for the breakout from a nicely formed 8 week base that used the key 50 day EMA as support. This shorter base formed after the late January breakout from a larger 13 month reverse head and shoulders base. A good breather to set the stage for the next run higher. Money flow is strong, helping push PKI higher. Ready to move in as it continues higher and then again on a successful test.
Volume: 578.818K Avg Volume: 759.508K
BUY POINT: $25.35 Volume=1M Target=$30.45 Stop=$24.18
POSITION: PKI IE - Sept. $25c (59 delta) &/or Stock
http://www.investmenthouse.com/ct/pki.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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stock recommendation
stock option
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