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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: CELG; RS; TESO; TRW
New Plays:
Upside:
Play Date: 04/21/2007
BABY (Natus Medical--$18.10; +0.78; optionable): Neurodiagnostic and newborn care products.
http://biz.yahoo.com/p/b/baby.html
EARNINGS: Announced 4-20-07
STATUS: Breakout. BABY announced earnings Friday morning and the news was solid and broke BABY over the late March highs on an excellent shot of above average volume. The move took BABY out of a 6 month ascending base that is part of a larger 14 month pattern. This long base has certainly set the foundation for a strong and sustained move higher. Solid fundamentals to go along with the solid pattern. Looking to move in as BABY continues the breakout. Who doesn't love a baby?
Volume: 395.534K Avg Volume: 169.525K
BUY POINT: $18.32 Volume=200K Target=$21.95 Stop=$17.12
POSITION: QBU GW - July $17.50c (63 delta) &/or Stock
http://www.investmenthouse.com/cd/baby.html
Play Date: 04/21/2007
IIG (Imergent--$25.00; +1.65; optionable): eCommerce solutions for small businesses
http://biz.yahoo.com/p/i/iig.html
EARNINGS: 5-7-07
STATUS: Cup w/handle. A sweet looking 15 week base has formed to consolidation the Q4 breakout from a large 22 month base. Bit break higher two Wednesdays back and then spent last week testing the move, coming back to and holding the 10 day EMA. Friday it bounced off that level on rising volume though it was still below average. Good bounce, however, and looking for a continued move on strong volume to step in as volume buils on the upside move.
Volume: 443K Avg Volume: 643.083K
BUY POINT: $25.45 Volume=6.5M Target=$30.45 Stop=$23.95
POSITION: IIG GE - July $25c (58 delta) &/or Stock
http://www.investmenthouse.com/cd/iig.html
Play Date: 04/21/2007
OIH (Oil Services Hldrs Trust--$151.54; +1.29; optionable)
http://biz.yahoo.com/p/o/oih.html
STATUS: Test 18 day EMA. OIH made us some very nice scratch on its last move as it ran up the 10 day EMA (151.61) from mid-March through the start of last week. It spent most of the week coming back to test the run, holding the 18 day EMA on the Thursday close and bouncing up off of that level Friday. This is OIH's first test of its breakout from a 14 week base, and thus we are looking for a continued run higher from this near support as the oil
Volume: 8.085M Avg Volume: 9.899M
BUY POINT: $152.75 Volume=12M Target=$161.95 Stop=$149.88
POSITION: OIH GK - July $155c (46 delta)
http://www.investmenthouse.com/cd/oih.html
Play Date: 04/20/2007
SUN (Sunoco--$72.39; -0.05; optionable): Oil and gas refining
http://biz.yahoo.com/p/s/sun.html
EARNINGS: 5-2-07
STATUS: Test breakout. SUN formed an 8.5 month double bottom with handle base as part of a larger 14 month correction. In March SUN broke the down trendline as it rallied higher, forming the right leg of the pattern. It broke out in early April and has come back to test that move, holding at the 18 day EMA (72.33) Tuesday through Friday of last week as trade turned lower and below average. It held near support and the breakout as it sits right on top of the two week handle formed to end March. Just going to be patient and let SUN bounce off of this support on stronger volume and follow some very nice money flow higher. Here comes the sun, sun, sun, here it comes (Beatles).
Volume: 3.123M Avg Volume: 3.285M
BUY POINT: $73.11 Volume=4.9M Target=$84.95 Stop=$71.15
POSITION: SUN HN - Aug. $70c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/sun.html
Play Date: 04/20/2007
VMSI (Ventana Medical Sys.--$46.80; +1.67; optionable): Instrument reagent systems used in anatomical pathology and drug discovery labs
http://biz.yahoo.com/p/v/vmsi.html
EARNINGS: 4-27-06
STATUS: Double bottom w/handle breakout. VMSI formed a nine-month base and broke sharply higher just over a week back, gapping higher on strong trade as it was upgraded. It tested the move this week, coming back to the 10 day EMA on the Thursday intraday low and rebounding to cut its losses. Friday it gapped back to the upside and rallied past the April highs, confirming the breakout. Volume was lower, but it was still above average on that move. Money flow is surging higher ahead of the price move, and we are looking to move in as VMSI continues the break higher and follows the cash. Heading toward a new all-time high. Nice.
Volume: 551.592K Avg Volume: 380.168K
BUY POINT: $47.12 Volume=570K Target=$54.95 Stop=$45.21
POSITION: UMU II - Sept. $45c (65 delta) &/or Stock
http://www.investmenthouse.com/cd/vmsi.html
SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.
AAPL, AKAM, CELG, DRIV, GME, GOOG, ISE, MA, PCLN, NVDA, NYX
AAPL: Earnings are due after the close on Wednesday. Nice pullback to the 50 day MA ahead of the results, and that takes out some of the fluff before the news.
AKAM: Dumped down to the 10 day EMA, kind of a harsh drop given it looked ready to make the break higher. Earnings are out this Thursday.
GOOG: Gapped higher on the earnings, reaching 492.50 and then giving back half the move to the close. Broke it out of its reverse head and shoulders and now we see if it can continue on.
Good Investing!
Jon L. Johnson and The Daily 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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trade stock
stock recommendation
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