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us stock market, trade stock
Begin part 3 of 3
THE PLAYS
Good movers: CROX; SPWR; SBUX
New Plays:
Play Date: 04/30/2007
AKRX (Akorn, Inc.--$7.24; -0.06; no options): Diagnostic and therapeutic pharmaceuticals
http://biz.yahoo.com/p/a/akrx.html
EARNINGS: Announced 3-5-07
STATUS: Test breakout. AKRX was a new issue in late 2002 and broke out from its third base in late March, gapping higher from its 14 week base. It is now making its second test of that breakout, showing a nice tight lateral move along that level the past week after a strong surge from that near support two weeks back. Strong money flow is leading, and we are looking for AKRX to continue its move higher after this test. It should have at least a couple more solid bounces in this move. Looking for the next break higher and Monday it tried as volume jumped back above average That caught our attention so we are watching to see if it can give us the next break higher from here.
Volume: 352.223K Avg Volume: 275.359K
BUY POINT: $7.58 Volume=400K Target=$9.22 Stop=$7.05
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/akrx.html
Play Date: 04/30/2007
HMSY (HMS Holdings--$22.16; -0.31; optionable): Coordination of benefits, program integrity services to government healthcare programs
http://biz.yahoo.com/p/h/hmsy.html
EARNINGS: 5-3-07 after the close
STATUS: Ascending base. HMSY is setting up very nicely, and even though earnings are released Thursday evening we really like the 10 week pattern setting up. One of those stocks in the healthcare related field that has quietly set up during the last market rally. Strong upside trade to end last week and looking for a breakout to start some positions. Riskier with earnings, but it has been a strong earnings growth stock.
Volume: 64.929K Avg Volume: 227.281K
BUY POINT: $22.75 Volume=275K Target=$26.45 Stop=$21.57
POSITION: QHT IX - Sept. $22.50c (51 delta, no OI) &/or Stock
http://www.investmenthouse.com/cd/hmsy.html
Play Date: 04/30/2007
RS (Reliance Steel--$59.40; -0.48; optionable): Steel fabrication
http://biz.yahoo.com/p/r/rs.html
EARNINGS: 7-18-07
STATUS: Breakout test. RS made us some strong green on its last run as it blasted off on earnings in mid-April. It is coming back to test that move, easing back toward the 10 day EMA (58.24) on below average volume. Volume was up Monday, but it did not lose much ground on that pullback. Looking for RS tom come back and test the 10 day, and then we are going to look at picking it up on the rebound.
Volume: 1.355M Avg Volume: 1.286M
BUY POINT: $58.88 Volume=1.6M Target=$69.95 Stop=$58.05
POSITION: RS IL - Sept. $60c (54 delta) &/or Stock
http://www.investmenthouse.com/cd/rs.html
Downside:
Play Date: 04/30/2007
TSO (Tesoro Petroleum--$121.20; +2.03; optionable): Oil and gas refining
http://biz.yahoo.com/p/t/tso.html
EARNINGS: 5-3-07
STATUS: Put. TSO surged higher the past week from a short consolidation. It peaked at 125 on Monday and started to roll over. It is in a steady uptrend up the 10 day EMA (114.48) but after breaking out in late January from a six month base. After such a run a stock typically takes a deeper test. We are looking for a move down near the 10 day EMA as an initial target, but it should sell more after such a strong run. A move to the target lands a 50%ish gain. We are looking at May options to give us the best leverage, and thus if we get a quick move lower we will take some gain and not get too greedy. An aggressive play.
Volume: 6.447M Avg Volume: 2.745M
BUY POINT: $120.77 Volume=2.9M Target=$116.00 Stop=$121.85
POSITION: TSO QD - May $120p (-43 delta)
http://www.investmenthouse.com/cd/tso.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: Closed flat but was putting in another good session before the selling started in the market at large.
AKAM: All of the gains in 2006 caught up with it and it is being opened up and bled.
GME: Slipped just below the 18 day EMA, and though volume was lower need to be careful of this rather short but toppy action the past three weeks. There is that gap down at 30 that has not been filled, and it runs all the way down to 28.
ISE: Getting acquired and surged.
MA: Surged higher to 118 but then a massive reversal.
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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