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us stock market, trade stock
Begin part 3 of 3
THE PLAYS
Good movers: IGLD; ROSE; SAF
New Plays:
Upside:
Play Date: 05/10/2007
HURN (Huron Consulting Group--$65.31; -1.29; no options): Business management services (financial and operational consulting)
http://biz.yahoo.com/p/h/hurn.html
EARNINGS: Announced 5-3-07
STATUS: Double bottom w/handle. HURN gapped higher on its earnings, clearing the 'hump' in its 7 week pattern that formed over the 50 day EMA (62.51). This base consolidates a strong December to March run, setting up the next move. Very strong stock that is growing leaps and bounds. Strong money flow holding tough even as it makes this test. Volume was low on the test and we are looking for it to jump back up on strong trade as it resumes the bounce and shows us the new breakout.
Volume: 109.088K Avg Volume: 235.787K
BUY POINT: $66.65 Volume=350K Target=$76.65 Stop=$64.11
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/hurn.html
Play Date: 05/10/2007
LYO (Lyondell Chemical--$33.07; -0.50; optionable): Chemicals
http://biz.yahoo.com/p/l/lyo.html
EARNINGS: 4-26-07
STATUS: Breakout test. Nice low volume test the past week as LYO sold back to near support, tapping at the 18 day EMA on the low and rebounding to close over the 10 day EMA. It exploded higher last week, moving off the 50 day EMA and out of its 12 week cup base. Nice test of a nice break higher. Looking for volume to rebound as LYO bounces back up off of this test.
Volume: 2.294M Avg Volume: 2.775M
BUY POINT: $33.88 Volume=3M Target=$39.95 Stop=$32.48
POSITION: LYO IF - Sept. $30c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/lyo.html
Play Date: 05/10/2007
NVEC (NVE Corp.--$34.39; -1.27; no options): Semiconductors
http://biz.yahoo.com/p/n/nvec.html
EARNINGS: Announced 5-2-07
STATUS: Cup w/handle. NVEC gapped higher on earnings, forming the right side of its 6 month cup base that formed roughly using the 200 day SMA as support. After that blast higher it has worked laterally the past three sessions on lower volume, working on the handle. Really like how it is holding its gains even in the market selling on Thursday. Excellent money flow is holding up very well. NVEC made us some good money in 2006, and this base is setting it up to make us more money. High volume on the break higher is what we want to see.
Volume: 215.206K Avg Volume: 258.263K
BUY POINT: $36.05 Volume=400K Target=$43.45 Stop=$33.98
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ci/nvec.html
Play Date: 05/10/2007
TMO (Thermo Fisher Scientific--$52.05; -0.32; optionable): Analytical instruments, reagents, software and a whole lot more all in one package!
http://biz.yahoo.com/p/t/tmo.html
EARNINGS: Announced 4-26-07
STATUS: Breakout test. TMO blasted higher on the earnings report, clearing an 11 week base on strong trade. The move took it to a new all-time high. It is now testing that move, fading back to the 10 day EMA (52.12) on the test, holding near that level Thursday on continued low, below average volume, exactly what you want to see in a test. Excellent action and going to wait patiently for it to show us the break higher on volume. This is the kind of test you want the indices to show versus that big one-day slump lower. In any event, this it its third base on this run so it still has plenty of upside here.
Volume: 2.196M Avg Volume: 2.931M
BUY POINT: $52.86 Volume=3.5M Target=$60.85 Stop=$51.18
POSITION: TMO IJ - Sept. $50c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/tmo.html
Play Date: 05/10/2007
TRMB (Trimble Navigation--$30.23; -0.76; optionable): Advanced positioning products to commercial and government users.
http://biz.yahoo.com/p/t/trmb.html
EARNINGS: Announced 5-3-07
STATUS: Test breakout. TRMB was already moving well for us when it announced earnings and gapped higher. We took some nice gain on that move, and now TRMB has come back to test and fill that gap, undercutting the 10 day EMA Thursday but rebounding to hold that level on the close. It has a strong business; Greece just selected it to build a nationwide GNSS system. Looking for TRMB to hold in this general area as the market tests, and then provide a higher volume move higher to give us the new buy point.
Volume: 571.963K Avg Volume: 596.913K
BUY POINT: $31.05 Volume=650K Target=$35.95 Stop=$29.98
POSITION: TUH HF - Aug. $30c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/trmb.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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