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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: ROCM; WFR
New Plays:
Upside:
Play Date: 04/24/2007
APH (Amphenol Corp.--$35.60; +0.10; optionable): Electrical, electronic, and fiber optic connectors, coax cable, etc.
http://biz.yahoo.com/p/a/aph.html
EARNINGS: 4-18-07
STATUS: Test breakout. APH broke higher last week on strong volume, surging out of a 22 week base that set a great foundation for the move. It rallied to 36.54 on the high and then faded to test, gapping lower Monday but on much lower volume. Tuesday APH tapped the 10 day EMA (35.08) on the low and rebounded for a modest gain, but volume jumped back up. That shows buyers at the ready to move in as it tested and held near support. Looking for a rebound on continued solid trade to start the play.
Volume: 1.732M Avg Volume: 1.152M
BUY POINT: $36.07 Volume=1.7M Target=$41.95 Stop=$34.95
POSITION: APH GG - July $35c (56 delta) &/or Stock
http://www.investmenthouse.com/cd/aph.html
Play Date: 04/24/2007
MO (Altria Group--$69.92; +0.59; optionable): Cigarettes
http://biz.yahoo.com/p/m/mo.html
EARNINGS: Announced 4-19-07
STATUS: Breakout test. When MO got rid of Kraft it made a nice run for us in late March and early April. We took that gain, and now it has spent the past three weeks testing that move, holding at the 10 day EMA (69.46) on low, below average volume. Nice test and looking for a break higher off this near support as volume returns.
Volume: 9.068M Avg Volume: 13.321M
BUY POINT: $70.38 Volume=13M Target=$79.45 Stop=$68.57
POSITION: MO IN - Sept. $70c (51 delta) &/or Stock
http://www.investmenthouse.com/cd/mo.html
Play Date: 04/24/2007
NVDA (Nvidia--$32.55; +1.18; optionable): Programmable graphics processor
http://biz.yahoo.com/p/n/nvda.html
EARNINGS: 5-12-07
STATUS: Cup. NVDA is surging off the bottom of its 16 week pattern that is forming. Stair-stepping higher off the double bottom formed in March and early April, clearing the 90 day MA (32.32) on the Tuesday move with some excellent volume. Nice surge as it rebuilds, and we are looking to move into some positions as it continues this excellent move in a nice rounded bottom.
Volume: 17.162M Avg Volume: 11.662M
BUY POINT: $32.88 Volume=12M Target=$37.85 Stop=$30.78
POSITION: UVA IZ - Sept. $32.50c 58 delta) &/or Stock
http://www.investmenthouse.com/cd/nvda.html
Play Date: 04/24/2007
ROSE (Rosetta Resources--$21.90; -0.27; optionable): Acquisition, development of oil and natural gas properties in the US
http://biz.yahoo.com/p/r/rose.html
EARNINGS: Mid-May
STATUS: Test breakout. A new issue in February 2007, ROSE is testing the early April breakout from its first base, a 12 month cup with handle. Came public, rallied a bit, and then spent most of its life forming the base. Nice breakout and run up to 23.78 and then the test the past week. Holding at the 18 day EMA (21.80) on the Tuesday close on a second day of below average volume. Looking for ROSE to hold here and rebound through the 10 day EMA (22.19) on strong trade. That will be our entry point.
Volume: 323.518K Avg Volume: 253.456K
BUY POINT: $22.32 Volume=380K Target=$26.32 Stop=$21.69
POSITION: RSE JX - Oct. $22.50c (50 delta) &/or Stock
http://www.investmenthouse.com/cd/rose.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
CELG: Doji after a small gap higher. Might pause a bit here, but very strong upside volume on the breakout move.
GOOG: Unable to hold the line after that Friday gap higher. Nice doji over the 10 day EMA, however, on the Monday trade and very low volume.
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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