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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: BTU; CEDC; CNX; CROX; ICE; RS
New Plays:
Upside:
Play Date: 05/09/2007
BIDU (Baidu.com--$127.08; +1.84; optionable): Chinese internet
http://biz.yahoo.com/p/b/bidu.html
STATUS: Cup w/handle. BIDU exploded higher in late April on some upsized earnings. It has worked laterally the two weeks, bouncing up and down as the 10 day EMA (121.46) rises to catch up with it. It gapped lower in February and then back up in late April from the same point, creating an island reversal. Volume has been below average on the move, showing no selling and refusing to give up its gains. Money flow remains strong, moving higher as the stock works laterally. May take some time to set up for the next break higher, but it can fly on any given session. Looking for the break higher and some volume as well.
Volume: 1.646M Avg Volume: 2.211M
BUY POINT: $128.45 Volume=3.2M Target=$144.50 Stop=$123.95
POSITION: BDQ FE - June $125c (59 delta) or BDQ IF - Sept. $130c (47 delta)
http://www.investmenthouse.com/ci/bidu.html
Play Date: 05/09/2007
HAL (Halliburton--$33.15; +0.78; optionable): Oil and gas service company
http://biz.yahoo.com/p/h/hal.html
EARNINGS: Announced 4-26-07
STATUS: Double bottom. HAL is in a 13 month base, approaching the November/December 2006 high that marks the hump in the pattern. Somewhat ragged but definitely showing some better volume the past three weeks. Good trade Wednesday as it jumped up off the 50 day EMA and cleared the early April highs. Good enough action to move in as it continues the move higher. After a long base and spinning off the unit that brought all of the negative publicity in the Iraq war, HAL looks to be back in the game.
Volume: 26.265M Avg Volume: 23.701M
BUY POINT: $33.55 Volume=30M Target=$39.95 Stop=$32.04
POSITION: HAL JS - Oct. $32.50c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/hal.html
Play Date: 05/09/2007
ISRG (Intuitive Surgical--$135.01; +0.54; optionable): Medical appliances
http://biz.yahoo.com/p/i/isrg.html
EARNINGS: Announced 4-19-07
STATUS: Flying plateau. ISRG announced good earnings and gapped higher, running to 135. It has worked laterally since, now making higher lows at the 10 day EMA as it bunches for a breakout over 135. That move also takes it out of its longer 16 month base. Volume has run lower the past two weeks as it consolidates; want to see it jump up as it makes the next break higher and onto a new all-time high. Great money flow is leading higher. ISRG can fly when it gets going.
Volume: 563.11K Avg Volume: 782.448K
BUY POINT: $135.65 Volume=1.2M Target=$149.95 Stop=$132.31
POSITION: AXQ GW - July $135c (52 delta)
http://www.investmenthouse.com/ci/isrg.html
Play Date: 05/09/2007
TSRA (Tessera Technologies--$45.88; +0.70; optionable): Chip equipment
http://biz.yahoo.com/p/t/tsra.html
EARNINGS: Announced 5-3-07
STATUS: Test breakout. TSRA is the leader in its sub-sector, and earnings gapped it higher out of a 9 week ascending pattern at the tail end of a much larger 2 year base. Big volume on that breakout and then a low volume sidestep the Tuesday and a bounce Wednesday. Would like a bit more pullback, but doesn't look as if TSRA is going to give it. Want to see some more trade on the upside.
Volume: 413.311K Avg Volume: 525.616K
BUY POINT: $46.05 Volume=650K Target=$52.95 Stop=$43.95
POSITION: TJQ II - Sept. $45c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/tsra.html
Looking ready:
ARRS
CBG
CHU
DXPE
FDO
HOLX
OMCL
PENN
SMG
TIN
ZUMZ
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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