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stock trading site, stock trading information
Begin part 3 of 3
THE PLAYS
Good movers: BA; CROX; CSX; DO; ESV; HAL; OIH; RIG; SGR; SLB; SU; SWN
New Plays:
Upside:
Play Date: 05/17/2007
BCSI (Blue Coat Systems--$38.27; -0.43; optionable): Security software
http://biz.yahoo.com/p/b/bcsi.html
EARNINGS: 5-29-07
STATUS: Cup w/handle. Strong volume Tuesday and Wednesday as BCSI surged but then closed off the high. Looks as if it could be forming a handle to its 9 week cup base, setting up for a breakout. This little cup is acting as the handle to a much larger 19 month cup with handle base. Nice set up and it has the volume. Now we wait for it to pull back and set up the next break higher.
Volume: 306.72K Avg Volume: 340.053K
BUY POINT: $38.88 Volume=500K Target=$45.95 Stop=$36.57
POSITION: IYU JG - Oct. $35c (68 delta) &/or Stock
http://www.investmenthouse.com/ct/bcsi.html
Play Date: 05/17/2007
PXP (Plains Exploration & Production--$48.81; +0.64; optionable): Independent oil and gas
http://biz.yahoo.com/p/p/pxp.html
EARNINGS: Announced 5-3-07
STATUS: Rolling. PXP has bounced up and down in a 22 week trading range between 43 and 49. It bounced back up to end April and tried the breakout of the range in early May. That move failed, but PXP did not roll back down to the prior lows. Instead it checked up at the 18 day EMA (47.86), working laterally the past two weeks. Often a higher low such as this sets the breakout move.
Volume: 748.5K Avg Volume: 1.225M
BUY POINT: $49.68 Volume=1.8M Target=$57.21 Stop=$47.65
POSITION: PXP HJ - Aug. $50c (49 delta) &/or Stock
http://www.investmenthouse.com/ct/pxp.html
Good Investing!
Jon L. Johnson and your Technical Traders Report 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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