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stock recommendation, stock pick
Begin part 3 of 3
THE PLAYS
Good movers: CXW; DXPE; EQT; FALC; JCOM; NIHD; PTNR; ROCM; SPWR; SUN; TRMB
New Plays:
Upside:
Play Date: 04/26/2007
ADBE (Adobe Systems--$43.26; +0.55; optionable): Application software
http://biz.yahoo.com/p/a/adbe.html
EARNINGS: 6-14-07
STATUS: Ascending base. ADBE moved higher Thursday on a good shot of above average volume, ready to break higher out of a 6 week ascending triangle that formed after the mid-March gap (earnings) out of a 12 week cup. Nice base on base action is setting up a breakout and run to a new all-time high. Strong money flow is jumping up ahead of price and ready to move in as ABDE makes the break. Strong stock.
Volume: 8.179M Avg Volume: 5.924M
BUY POINT: $43.48 Volume=6.3M Target=$50.45 Stop=$41.89
POSITION: AEQ GV - July $42.50c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/adbe.html
Play Date: 04/26/2007
GSF (Globalsantafe--$64.18; +0.02; optionable): Oil and gas drilling
http://biz.yahoo.com/p/g/gsf.html
EARNINGS: 5-2-07
STATUS: Ascending base. GSF is pinching off at what appears to be the end of a 17 week base that made a series of higher lows above the 50 day EMA. Some very good price/volume action the past few weeks with volume looking solid as it bumps the breakout point. Earnings are next week, but really like the pattern and this one has a lot of positive backers. Ready to move in on the breakout, then we see what happens after earnings and pick up some more shares on the next test.
Volume: 3.694M Avg Volume: 4.227M
BUY POINT: $64.78 Volume=6M Target=$74.50 Stop=$62.55
POSITION: GSF GM - July $65c (53 delta) or GSF JM - Oct. $65c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/gsf.html
Play Date: 04/26/2007
PETD (Petroleum Development Corp.--$54.58; +1.52; optionable): Oil and gas refining
http://biz.yahoo.com/p/p/petd.html
EARNINGS: 3-5-07
STATUS: Ascending base. Volume is surging as PETD bumps against the breakout point from its 12 week base that formed to consolidate that mid-January surge higher that took it out of that longer, 9 month pattern. Great foundation beneath it and looking to move in as PETD continues higher and makes the breakout move.
Volume: 124.057K Avg Volume: 105K
BUY POINT: $54.88 Volume=150K Target=$65.75 Stop=$52.11
POSITION: PHQ JK - Oct. $55c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/petd.html
Play Date: 04/26/2007
UAPH (UAP Holding--$27.01; +1.11; optionable): Agricultural chemicals
http://biz.yahoo.com/p/u/uaph.html
EARNINGS: 4-25-07
STATUS: Cup w/handle. Earnings were solid and UAPH bolted from its 10 week base on strong volume. Good volume swell ahead of the earnings report, indicating plenty of interested buyers. Moving to a new all-time high on the news. Looking to take some positions as it continues the move and then adding to the position when it makes the test of the move. With all of the corn planting, plenty of need for fertilizers and chemicals.
Volume: 634.8K Avg Volume: 320.054K
BUY POINT: $27.12 Volume=400K Target=$31.25 Stop=$25.95
POSITION: JUL IE - Sept. $25c (69 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/uaph.html
Good Investing!
Jon L. Johnson and your IH Alerts 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 pick
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