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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: AH; EXC; IGLD; TK; SBUX
New Plays:
Upside:
Play Date: 05/07/2007
CBG (CB Richard Ellis--$37.31; -0.12; optionable): Property management
http://biz.yahoo.com/p/c/cbg.html
EARNINGS: Announced 5-1-07
STATUS: Double bottom w/handle. CBT gapped higher last week on its earnings result, reaching the early February high on the move. It peeled back a bit Thursday through Monday on lower, and lower trade. Monday's volume was barely measurable. An overstatement, but the point is no sellers as it fades back from this test. Nice 13 week base has set up, ready to break higher and send CBG to a new all-time high. Very nice pattern.
Volume: 1.399M Avg Volume: 2.12M
BUY POINT: $38.32 Volume=3.2M Target=$44.32 Stop=$36.25
POSITION: CBG IG - Sept. $35c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/cbg.html
Play Date: 05/07/2007
SMG (Scotts Co.--$46.56; +0.11; optionable): Agricultural chemicals
http://biz.yahoo.com/p/s/smg.html
EARNINGS: Announced May 1
STATUS: Cup w/handle. Kind of a skewed 11 week pattern, but it is forming a nice handle the past three sessions, fading back from a strong volume break higher early last week. It is holding over the 10 day EMA (46.15) on the test, a nice test of near support as it sets up for the break to a new all-time high. Seems that fertilizer in all sectors (consumer or commercial) is performing.
Volume: 276.1K Avg Volume: 607.992K
BUY POINT: $47.42 Volume=900K Target=$54.65 Stop=$45.72
POSITION: SMG II - Sept. 45c (58 delta, 75 OI) &/or Stock
http://www.investmenthouse.com/ci/smg.html
Play Date: 05/07/2007
TIN (Temple Inland--$62.15; +0.92; optionable): Corrugated packing, forest products, real estate, financial services. Talk about a conglomerate.
http://biz.yahoo.com/p/t/tin.html
EARNINGS: 4-25-07
STATUS: Ascending base. Volume jumped Friday as TIN probed the breakout from its 9 week base that formed along the 18 day EMA, waiting for the 50 day EMA to catch up to it after the strong break higher in late February. First base since the strong December to late February run, and this ascending pattern is showing continued strength, refusing to give back the gains as it sets up for the next move, a break toward a new all-time high.
Volume: 789.202K Avg Volume: 1.361M
BUY POINT: $62.48 Volume=1.4M Target=$71.95 Stop=$60.57
POSITION: TIN HL - Aug. $60c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/tin.html
Play Date: 05/07/2007
ZUMZ (Zumiez--$41.20; +1.42; optionable): Apparel stores
http://biz.yahoo.com/p/z/zumz.html
EARNINGS: Announced 3-14-07
STATUS: Double bottom. ZUMZ has formed a short little double bottom over the 50 day EMA (38.70) the past 5 weeks, and Monday it bounced off that support on strong, above average volume, the first above average trade in 3 weeks. This short consolidation has formed after the mid-March breakout from a long, solid 8.5 month base. After that base ZUMZ (Zoomy as some in the office here call it) formed the current little base to consolidate, and that sets the way for some really strong gains ahead. Still a buy on this move as it cleared the 'hump' in the short base Monday. Looking to move in as it continues higher.
Volume: 595.311K Avg Volume: 483.172K
BUY POINT: $41.38 Volume=500K Target=$48.95 Stop=$39.65
POSITION: QUY HH - Aug. $40c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/zumz.html
Continuing play ready to move:
Play Date: 04/24/2007
HNP (Huaneng Power Intl.--$41.75; +0.70; optionable): Chinese utilities
http://biz.yahoo.com/p/h/hnp.html
STATUS: Test breakout. HNP blasted higher in early April, clearing a 12 week cup base. It rallied to 42 on the move and then spent the past 4 weeks forming an ascending triangle to consolidate that move. Breaks from these patterns can be explosive. Looking ready to join the other utilities and run higher.
Volume: 150.445K Avg Volume: 194.242K
BUY POINT: $42.11 Volume=225K Target=$49.95 Stop=$40.22
POSITION: HNP HH - Aug. $40c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/hnp.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
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