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trade stock, stock recommendation
Begin part 3 of 3
Full report issues Thursday.
THE PLAYS:
Good movers: ATW; BTU; CLB; COG; HOC; MON; MRO; MS; OII; ROCM; RS; SU; SUN; SWN; TK; WFR
New Post-Split plays:
Play Date: 04/25/2007
SLB (Schlumberger--$75.87; +1.07; optionable): Oil and gas service company
http://biz.yahoo.com/p/s/slb.html
EARNINGS: Announced 4-20-07
STATUS: Breakout test. SLB broke out from an 11 month base in early April, surging to 78. It gapped back down ahead of earnings. Earnings came out and it bounced higher, but continued in its lateral move above the 10 day EMA. Volume moved up to average Wednesday as it moved off that near support. Looking for continued solid trade as SLB continues up off the test.
Volume: 9.816M Avg Volume: 9.294M
BUY POINT: $76.75 Volume=10M Target=$88.45 Stop=$74.55
POSITION: SLB HO - Aug. $75c (59 delta) &/or Stock
http://www.investmenthouse.com/cs/slb.html
Play Date: 04/25/2007
SWS (SWS Group--$26.62; +0.20; optionable): Financial, investment services to corporate, institutional investors, broker/dealers, governmental entities
http://biz.yahoo.com/p/s/sws.html
EARNINGS: 5-8-07
STATUS: Cup w/handle. SWS is showing a nice hammer doji at the 10 day EMA as it faded back on lower, below average volume, forming a handle to its 11 week base that used the 50 and 90 day MA as support on the lows. Nice October to January run that needed a breather after its split. That has set up the next break higher.
Volume: 185.84K Avg Volume: 347.644K
BUY POINT: $27.68 Volume=521K Target=$32.95 Stop=$25.85
POSITION: SWS IE - Sept. $25c (69 delta, low OI) &/or Stock
http://www.investmenthouse.com/cs/sws.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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trade stock
stock recommendation
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