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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: ACGY; BCSI; CCJ; DO; DXPE; GVA; ICE; OSK; PTNR; RIG; ROSE; SPN
New Plays:
Upside:
Play Date: 05/21/2007
ALJ (Alon USA Energy--$39.98; +1.52; optionable):
http://biz.yahoo.com/p/a/alj.html
EARNINGS: 5-10-07
STATUS: Double bottom w/handle. Nice rangy 10 month base, the largest of its relatively short life (went public in summer 2005. A nice handle formed the past 7 weeks where it tested down to the 50 day EMA (36.03) and then recovered. Earnings took it lower but it held key support. Heck of a shakeout. It bounced off that level on strong volume, showing there were buyers. It then surged Monday on very strong trade, the best in two months. It cleared the prior highs in the handle and we are looking to move in as it continues this breakout move.
Volume: 996.774K Avg Volume: 471.786K
BUY POINT: $40.15 Volume=500K Target=$48.31 Stop=$37.66
POSITION: ALJ IH - Sept. $40c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/alj.html
Play Date: 05/21/2007
BUCY (Bucyrus International--$68.75; +3.05; optionable): Massive draglines, etc.
http://biz.yahoo.com/p/b/bucy.html
EARNINGS: 5-4-07
STATUS: Test 18 day EMA. Have you seen the 'Modern Marvels' program on Discovery that gives the history of mining machines? BUCY's machines are a big part of that, but the show is a bit dated because it discusses how the big machines are no longer in demand here in the US. But now the rest of the world is its client. BUCY broke out in late April from a 12 month cup with handle base. It is now making its second test of the breakout, coming back to the 18 day EMA (65.05) to end last week. Monday BUCY jumped off that test. Volume was average; want to see more trade as it continues higher and follows its strong money flow to the upside.
Volume: 962.503K Avg Volume: 857.957K
BUY POINT: $69.57 Volume=1M Target=$79.95 Stop=$65.55
POSITION: HBU JN - Oct. $70c (49 delta) &/or Stock
http://www.investmenthouse.com/ci/bucy.html
Play Date: 05/21/2007
FFIV (F5 Networks--$78.83; +3.47; optionable):
http://biz.yahoo.com/p/f/ffiv.html
EARNINGS: Announced 4-25-07
STATUS: Cup w/handle. FFIV announced some stronger than expected numbers in late April and gapped higher to 80. It then spent the past 4 weeks testing that gap, coming back to the 50 day EMA on the intraday low last week and bouncing back to the 18 day. Monday volume jumped up to average as it surged off the test of that April move. Strong money flow is running higher ahead of the stock and we are looking for a continued break higher to start some positions. FFIV is ready to break to a new 7 year high.
Volume: 1.327M Avg Volume: 1.24M
BUY POINT: $79.22 Volume=1.6M Target=$95.00 Stop=$75.42
POSITION: FLK JP - Oct. $80c (50 delta) &/or Stock
http://www.investmenthouse.com/ci/ffiv.html
Play Date: 05/21/2007
IO (Input/Output--$14.97; +0.62; optionable): Seismic products and services to O&G industry
http://biz.yahoo.com/p/i/io.html
EARNINGS: Announced 5-9-07
STATUS: Ascending base breakout. It took awhile for this 5 month base to figure itself out, but it did that quite nicely. Earnings were out a couple of weeks back and it dumped to the 90 day MA. It held there, and that looks as if it was the shakeout because IO jumped off that level and Monday broke through the resistance in the base near 14.50. Strong surge in price and volume, and a strong surge in money flow to boot. Excellent breakout. Looking to start positions on a continued move higher and then picking up some more on a test of this break higher.
Volume: 2.213M Avg Volume: 916.492K
BUY POINT: $15.05 Volume=1M Target=$18.12 Stop=$14.00
POSITION: IO KC - Nov. $15c (58 delta) &/or Stock
http://www.investmenthouse.com/ci/io.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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trade stock
stock recommendation
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