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stock recommendation, stock picking
Begin part 3 of 3
THE PLAYS
Good movers: ACGY; BCSI; BIDU; DXPE; GSOL; ICE; PTNR; RIG; ROSE; SINA; SPN; WNR; ZUMZ
New Plays:
Upside:
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/cd/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/cd/io.html
Play Date: 05/21/2007
NUVA (Nuvasive--$26.00; +0.52; optionable): Devices for the surgical treatment of spinal disorders
http://biz.yahoo.com/p/n/nuva.html
EARNINGS: 4-25-07
STATUS: Breakout test. Gapped sharply higher to end April with its earnings report. That move took it out of a 5 month ascending base that roughly used the 50 day EMA (25.09) as support. It has come back to that level on this test this level on the test, and volume has appropriately jumped the past two sessions as it tested that level and bounced on Monday. Volume rising at the 50 day EMA shows the big money stepping in to support it. The volume Monday shows more buyers pushing it off that level. Strong money flow is still leading higher and based on this reaction to the 50 day EMA, it looks as if NUVA is ready to follow it once more.
Volume: 574.154K Avg Volume: 303.644K
BUY POINT: $26.27 Volume=400K Target=$31.55 Stop=$25.04
POSITION: QNU IE - Sept. $25c (62 delta, 114 OI) &/or Stock
http://www.investmenthouse.com/cd/nuva.html
Continuing play ready to move:
Play Date: 05/15/2007
TIE (Titanium Metals--$37.67; +0.07; optionable): Industrial metals
http://biz.yahoo.com/p/t/tie.html
EARNINGS: Announced 5-11-07
STATUS: Double bottom w/handle. Strong earnings shot TIE higher, bouncing it off the 90 day MA that acted as support on the second leg of its 13 week base. It spent the past week coming back to test, holding at the 10 day EMA (37.28) the past week. Volume jumped back up toward average Monday as TIE and other metals started to show some life. TIE might give us a new all-time high on this move, but if it just matches the prior high we will have a nice gain.
Volume: 2.183M Avg Volume: 2.439M
BUY POINT: $38.55 Volume=3.2M Target=$46.38 Stop=$36.11
POSITION: TIE IG - Sept. $35c (68 delta) &/or Stock
http://www.investmenthouse.com/cd/tie.html
SUBSCRIBER PORTFOLIO: These are stocks subscribers suggest by vote that we put in a portfolio to track and move into the stocks if they perform well. If you have any suggestions for additions or deletions, email us. We don't cover them all each report, just when something interesting is developing.
AAPL, AKAM, CELG, DRIV, GME, GOOG, ISE, MA, PCLN, NVDA, NYX
GME: Screaming higher once more after that pause to end last week. Strong volume as it breaks to a new high.
MA: Looks ready to make a strong bounce off the 10 day EMA as volume starts higher as it starts to move.
NVDA: Volume was up and NVDA was posting a strong move up to 36. Then it frittered it away to the close. Still like this pattern a lot.
Good Investing!
Jon L. Johnson and The Daily Staff
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 of 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 picking
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