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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
Good movers: AH; BTU; CELG; CROX; MA; OI; OO; RIG; SUN; VMSI; VTIV
New Plays:
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/cd/cnx.html
Play Date: 05/02/2007
IPAR (Inter Parfums--$23.05; -0.05; no options): Fragrances and fragrance-related products. Sweet.
http://biz.yahoo.com/p/i/ipar.html
EARNINGS: Announced 3-12-07
STATUS: Breakout test. You never know what is going to turn investors on. Seen those commercials for TAG body spray turning adolescent females into wild women, so maybe there is an IPAR connection to investors. IPAR exploded higher on 4-20 when it reported a 20% increase in sales. That move blasted it from a 5.5 month cup with handle base, taking it to 23.50 on the high. It has tested the past two weeks, tapping at and bouncing off of the 10 day EMA on the intraday lows. Strong volume the past three sessions as it holds above this near support. It is locked and loaded, ready for the next break higher. I think I am getting aroused.
Volume: 129.635K Avg Volume: 75K
BUY POINT: $23.38 Volume=135K Target=$27.95 Stop=$22.48
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/ipar.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/cd/rose.html
Play Date: 05/02/2007
SPR (Spirit Aerosystems--$32.20; +0.37; optionable): Aero-structures (fuselage, propulsion, wing systems)
http://biz.yahoo.com/p/s/spr.html
EARNINGS: 4-26-07
STATUS: Flat base. SPR was a new issue last November. It surged to 34 then formed a double bottom base through mid-March. It then started the current 6 week lateral move, kind of a handle to the base. Money flow is surging higher ahead of price as it works laterally. Big upside volume spike last week and another solid volume bump Wednesday. Really showing the spirit of the market rally.
Volume: 914.8K Avg Volume: 765.058K
BUY POINT: $32.88 Volume=1.1M Target=$37.95 Stop=$31.22
POSITION: SPR GF - July $30c (66 delta, 87 OI) &/or Stock
http://www.investmenthouse.com/cd/spr.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: Nice bounce to a new high ahead of earnings before the open Thursday. We will see.
DRIV: Volume jumped as DRIV continued its test of the strong move after earnings. Still a good test.
GOOG: Gurgling some as it faded below the 90 and 50 day EMA. Not looking terribly appealing here.
MA: Big earnings gapped it higher on strong trade. Took some gain on this move, letting some positions hang.
NVDA: Fading back toward the 10 day EMA as NVDA tests the break above the 90 day MA.
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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stock recommendation
stock option
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