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trade stock, stock recommendation
Begin part 3 of 3
Part 2 will follow part 3.
THE PLAYS
Good movers: ESV; MA; NTGR; VMSI; VTIV
New Plays:
Play Date: 05/01/2007
FTO (Frontier Oil--$35.18; -0.15; optionable): Oil and gas refining
http://biz.yahoo.com/p/f/fto.html
EARNINGS: 5-9-07
STATUS: Test breakout. FTO jumped last week on strong volume, clearing a 9 month double bottom with handle. It is now testing that move, coming back to tap the 10 day EMA on the Tuesday low and rebounding to close flat. That lower intraday test took it down to the mid-April high. Looking for FTO to continue higher from this test on some stronger volume.
Volume: 1.632M Avg Volume: 2.027M
BUY POINT: $36.04 Volume=2.5M Target=$41.95 Stop=$34.22
POSITION: FTO JG - Oct. $35c (61 delta) &/or Stock
http://www.investmenthouse.com/cd/fto.html
Play Date: 05/01/2007
ONNN (On Semiconductor--$10.64; -0.07; optionable): Semiconductors
http://biz.yahoo.com/p/o/onnn.html
EARNINGS: 4-26-07
STATUS: Breakout test. ONNN exploded out of an 8 week double bottom base to end April, rallying on strong volume as it made the break. It then faded to test this week as the market weakened, using that selling to set up for a continued run higher. Lower trade shows few sellers. Strong money flow is leading higher and we are looking for ONNN to continue the breakout move.
Volume: 7.776M Avg Volume: 9.869M
BUY POINT: $11.22 Volume=11M Target=$13.75 Stop=$10.55
POSITION: OKU JB - Oct. $10c (66 delta) &/or Stock
http://www.investmenthouse.com/cd/onnn.html
Play Date: 05/01/2007
OO (Oakley--$24.17; +0.04; optionable): Sports sunglasses
http://biz.yahoo.com/p/o/oo.html
EARNINGS: Announced 4-19-07
STATUS: Breakout test. OO gapped out of its 11 week cup with handle base two weeks back on earnings, challenging its 2001 high on the move. It has since tested, coming back Tuesday to tap the 18 day EMA on the low (23.37) and then rebounding to close right at the 10 day EMA. Nice low volume test. Strong money flow is running higher ahead of prices even on this pullback. Nice doji with tail Tuesday and looking for a rebound on rising trade to move into the position.
Volume: 288.1K Avg Volume: 377.442K
BUY POINT: $24.55 Volume=450K Target=$29.48 Stop=$23.25
POSITION: OO HX - Aug. $22.50c (62 delta) &/or Stock
http://www.investmenthouse.com/cd/oo.html
Play Date: 05/01/2007
VSAT (Viasat--$34.19; -0.11; optionable): Advanced digital satellite and secure networking communications equipment
http://biz.yahoo.com/p/v/vsat.html
STATUS: Double bottom w/handle. Nice 9 week base ahs formed at the 50 day EMA, easing back the past three sessions to test the strong move last week that finished the double bottom. Nice tight doji that tested the 18 day EMA on the Tuesday low and rebounded to close flat. Ready to take VSAT to a new 8 year high as it makes the break back higher from this pullback that forms the handle that shakes out the last sellers. Nice money flow. Excellent set up for the next break higher.
Volume: 99.012K Avg Volume: 187.477K
BUY POINT: $35.08 Volume=245K Target=$40.75 Stop=$33.54
POSITION: IQS HG - Aug. $35c (51 delta) &/or Stock
http://www.investmenthouse.com/cd/vsat.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: Sold off but then rebounded to close with a modest gain. Good shakeout.
DRIV: Good tap a the 10 day EMA on the low and a recovery. Holding the February 'hump' on this test and should move from here.
MA: Another good move after trying to give it back Monday.
NVDA: Forming a nice lateral handle here that will set up the next break higher.
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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