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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: AH; BDX; BEAV; BLUD; BTU; CROX; OO; OII; MA; SUN; VMSI; VTIV; WFR
New Plays:
Upside:
Play Date: 05/02/2007
CEPH (Cephalon--$80.10; +0.52; optionable): Drugs
http://biz.yahoo.com/p/c/ceph.html
EARNINGS: 5-1-07
STATUS: Test breakout. CEPH broke out of a 13 week reverse head and shoulders base on 4-26 when it guided higher. It then announced earnings on 5-1. Go figure. After the gap and before earnings it tested the move, coming back to the 10 day EMA on the Wednesday low and then breaking higher off that near support on strong volume. Excellent money flow is keeping the fire lit under the stock as this test prepares it to take on the March 2006 high at 83. Want to see that solid trade continue as CEPH continues higher off the test and through the buy point.
Volume: 2.907M Avg Volume: 1.675M
BUY POINT: $80.66 Volume=2.2M Target=$92.85 Stop=$77.78
POSITION: CQE HP - Aug. $80c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/ceph.html
Play Date: 05/02/2007
CNX (Consol Energy--$42.89; +0.86; optionable): Multi-fuel energy for electric power generation industry
http://biz.yahoo.com/p/c/cnx.html
EARNINGS: 4-26-07
STATUS: Double bottom w/handle. CNX is working on the handle to a big 10 month base, consolidating the prior run and some post-split blues. It has taken its time but it is a nice base. Money flow is rallying sharply higher ahead of price. May take a bit longer to complete the handle where the final sellers are shaken out, but like the high volume doji on the 18 day EMA Tuesday. Just waiting for the break.
Volume: 2.398M Avg Volume: 2.875M
BUY POINT: $44.54 Volume=4.3M Target=$51.88 Stop=$41.65
POSITION: CNX JI - Oct. $45c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/cnx.html
Play Date: 05/02/2007
CSX (CSX Corp.--$43.94; +0.57; optionable): Railroads
http://biz.yahoo.com/p/c/csx.html
EARNINGS: 4-17-07
STATUS: Breakout test. CSX strung together three bases from May 2006 through early April. Then it broke higher and rallied to 46 on some strong volume. It spent that past two weeks testing the breakout coming back to the 18 day EMA (43.25) on the test. Nice hold of near support on mostly lower volume. Excellent breakout and test with money flow holding strong. Looking for the volume to kick back up as CSX starts chugging back up.
Volume: 6.131M Avg Volume: 8.466M
BUY POINT: $44.48 Volume=8.5M Target=$52.95 Stop=$42.48
POSITION: CSX HH - Aug. $40c (72 delta) &/or Stock
http://www.investmenthouse.com/ci/csx.html
Play Date: 05/02/2007
HOLX (Hologic--$62.26; +3.52; optionable): Medical appliances
http://biz.yahoo.com/p/h/holx.html
EARNINGS: 5-1-07
STATUS: Ascending base breakout. After a down and then up session Tuesday, HOLX reported earnings and posted a nice surge in price and volume Wednesday. That move broke it out of a 12 week ascending base formed along the 50 day EMA (57.51). This shorter base follows a nice, big 10 month base and breakout that consolidated a heck of a rally in 2005. Thus HOLX is set up very well to continue this breakout and put together a nice run. The earnings were strong, setting some confidence for the longer run. Looking for the break to continue and we move in as it does. Then we look for a bit of a test after the initial run to give us a second buy point.
Volume: 2.311M Avg Volume: 1.049M
BUY POINT: $62.67 Volume=1M Target=$71.95 Stop=$59.97
POSITION: QHX IL - Sept. $60c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/holx.html
Play Date: 05/02/2007
ROSE (Rosetta Resources--$21.95; +0.40; optionable): Independent oil and gas
http://biz.yahoo.com/p/r/rose.html
EARNINGS: 3-16-07
STATUS: Breakout test. Taking another look at ROSE as it continues its test, but showing some strong, above average volume as it comes back up off the bottom of the test. The move is testing the early April breakout from a year long cup with handle base. A new issue in February 2006, and this is ROSE's first and only base. Looking for a continued move higher after this test. Some volume, some price movement and this will come up smelling like a rose.
Volume: 504.306K Avg Volume: 284.368K
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/ci/rose.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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trade stock
stock recommendation
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