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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: CAT; BIDU; HAL; HNP; IGLD; PTNR; AEO
New Plays:
Upside:
Play Date: 05/14/2007
MTL (Mechel Steel Group--$35.79; +0.79; optionable): Steel & iron
http://biz.yahoo.com/p/m/mtl.html
EARNINGS: Late May
STATUS: Ascending base. MTL is making higher lows up the 50 day EMA (32.96) in its 10 week base, making a higher low the past week at the 18 day EMA (34.42). That higher low typically precedes a breakout move. Good volume accompanied the Monday bounce off that near support, a good compliment to the strong money flow that is leading higher. This stock has excellent fundamentals growth to match its solid pattern. In excellent position to make the breakout move.
Volume: 304.1K Avg Volume: 381.943K
BUY POINT: $36.49 Volume=550K Target=$42.75 Stop=$34.38
POSITION: MTL JG - Oct. $35c (57 delta) &/or Stock
http://www.investmenthouse.com/ci/mtl.html
Play Date: 05/14/2007
ORB (Orbital Sciences--$20.55; -0.08; optionable): Small rockets, space systems for commercial, military, civil government customers
http://biz.yahoo.com/p/o/orb.html
EARNINGS: 4-19-07
STATUS: Breakout test. Strong breakout from its 7.5 month base to end April, gathering strength as the month ended. It then tested the move the past two weeks, coming back to near support on lower volume, showing some high volume as it tried to bounce off that level. Excellent pullback from an excellent breakout. Looking for the continuation of the breakout with some rising volume to give us the entry point.
Volume: 525.7K Avg Volume: 658.15K
BUY POINT: $20.86 Volume=900K Target=$25.00 Stop=$20.18
POSITION: ORB ID - Sept. $20c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/orb.html
Play Date: 05/14/2007
SWN (Southwestern Energy--$43.71; +0.44; optionable): Independent oil and gas
http://biz.yahoo.com/p/s/swn.html
EARNINGS: Announced 4-30-07
STATUS: Breakout test. SWN is moving in a 7 week pennant, consolidating the early break higher from a 17 week base. It rallied to 45 on the move and then started the current test, holding the breakout point at 42 as it does. Volume backed off the past week after kicking up to start the month after the earnings report. Looking for it to break higher on some stronger volume to give us the buy point. Nice solid leader in position to make the break higher.
Volume: 1.685M Avg Volume: 2.023M
BUY POINT: $44.05 Volume=2.4M Target=$52.95 Stop=$42.54
POSITION: SWN IH - Sept. $40c (70 delta) &/or Stock
http://www.investmenthouse.com/ci/swn.html
Play Date: 05/14/2007
VMSI (Ventana Medical Sys.--$49.63; -0.31; optionable): Medical instruments
http://biz.yahoo.com/p/v/vmsi.html
EARNINGS: Announced 4-27-07
STATUS: Breakout test. VMSI broke out from a 9 month double bottom with handle base in mid-April, and it ran higher after the breakout, moving up to 52. Made us some great money on that run and then backed off. It slid through the 10 day EMA (49.73) on the Thursday close, but it caught itself. Nice test of the breakout and looking for the break higher as VMSI continues its move. It can rally further from here; it has shown similar action in prior runs. Strong fundamentals and an excellent test.
Volume: 323.059K Avg Volume: 391.708K
BUY POINT: $50.21 Volume=500K Target=$57.95 Stop=$48.68
POSITION: UMU IJ - Sept. $50c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/vmsi.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 recommendation
stock investment information
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