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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: MA; ROSE; RS; SBUX
New Plays:
Upside:
Play Date: 05/08/2007
CEDC (Central European District--$32.22; -0.25; optionable): Production, importation, distribution of alcoholic beverages in Poland
http://biz.yahoo.com/p/c/cedc.html
EARNINGS: 5-3-07
STATUS: Test breakout. This always seems like such a bizarre stock, but it just performs so well. It has split 3 times before and on Thursday it blasted out of a 19 week base on those earnings, surging on very strong volume. It has come back with a textbook test of the move, tapping at the 10 day EMA (31.67) on the Tuesday low and then rebounded to close basically flat. Volume bounced as it rebounded, moving up to average. Nice breakout to a new all-time high and a great test. Looking to move in as it makes the bounce to continue the breakout move.
Volume: 371.016K Avg Volume: 328.156K
BUY POINT: $32.54 Volume=400K Target=$37.95 Stop=$31.42
POSITION: CUV IF - Sept. $30c (68 delta) &/or Stock
http://www.investmenthouse.com/ci/cedc.html
Play Date: 05/08/2007
CHU (China Unicom--$14.90; -0.23; optionable): Integrated telecom operator in China
http://biz.yahoo.com/p/c/chu.html
STATUS: Double bottom w/handle. Low volume as CHU works laterally over the 18 day EMA (14.82), forming a 5 week handle to its 17 week base. Nice pattern that has consolidated a strong September to December run. This very low volume in the handle the past week often precedes the breakout move. Want to see strong volume as it makes the breakout to show us that the buyers are loading up on the move.
Volume: 250.8K Avg Volume: 724.981K
BUY POINT: $15.33 Volume=1.1M Target=$18.45 Stop=$14.45
POSITION: CHU JC - Oct. $15c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/chu.html
Play Date: 05/08/2007
ICE (Intercontimental Exchange--$134.70; -2.44; optionable): Futures and over the counter commodities and derivatives
http://biz.yahoo.com/p/i/ice.html
EARNINGS: 5-2-07
STATUS: Double bottom w/handle. Taking another shot at ICE as it tests back to the 90 day MA (133.52), testing the break higher as earnings surpassed expectations. It sold off ahead of the number, coming back close to 120 and setting up the second bottom. Then it jumped higher on the news. Nice, very low volume fade the past two sessions has started the handle. Looking for it to hold near the 90 day MA and then jump back up and continue the break higher.
Volume: 2.333M Avg Volume: 4.956M
BUY POINT: $137.45 Volume=5M Target=$157.00 Stop=$133.32
POSITION: ICE IX - Sept. $140c (48 delta)
http://www.investmenthouse.com/ci/ice.html
Play Date: 05/08/2007
NVLS (Novellus Systems--$33.27; -0.49; optionable): Chip equipment
http://biz.yahoo.com/p/n/nvls.html
EARNINGS: 4-18-07
STATUS: Cup. NVLS has formed something of an 18 week cup base with a short 5 week reverse head and shoulders at the end. It gapped lower on earnings but then recovered nicely right back up to the pre-earnings high. It tested back the past two sessions on low volume, holding at the 10 day EMA on the Tuesday low. Looking for it to hold at this near support and then blast higher through those prior highs at 34 on some strong trade. That will show us the big money wants it and that is when we move in. Solid earnings and sales, a leader in the sector.
Volume: 2.62M Avg Volume: 4.044M
BUY POINT: $34.12 Volume=6M Target=$40.95 Stop=$32.77
POSITION: NLQ IZ - Sept. $32.50c (65 delta) &/or Stock
http://www.investmenthouse.com/ci/nvls.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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stock split
stock recommendation
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