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trade stock, stock recommendation
Begin part 3 of 3
Full report issues Tuesday.
THE PLAYS:
Good movers: BIDU; CCJ; DO; GVA; ICE; OSK; PTNR; PXP; RIG; WNR
New Post-Split Plays:
Play Date: 05/21/2007
TRMB (Trimble Navigation--$30.06; +0.22; optionable): Advanced positioning devices
http://biz.yahoo.com/p/t/trmb.html
EARNINGS: 5-3-07
STATUS: Breakout test. Looking at TRMB once more as it readies for the continuation of the early May breakout. TRMB broke higher on the earnings announcement, gapping out of its 12 week cup base. It rallied over 32 and then faded to fill the gap. Last week it dipped a bit below that level. Volume remained low and on Monday it gapped higher, recovering the 10 day EMA (29.95). Volume was still low but we really like the action from this leading stock that has great earnings growth and a solid pattern with a great buy point. All it has to do is position itself for a buy with a renewed breakout move on strong volume.
Volume: 419.301K Avg Volume: 582.835K
BUY POINT: $30.48 Volume=700K Target=$35.95 Stop=$29.17
POSITION: TUH KF - Nov. $30c (53 delta) &/or Stock
http://www.investmenthouse.com/cs/trmb.html
New Pre-Announcement Play:
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/cs/bucy.html
Continuing Post-Split Play:
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/cs/tie.html
Good Investing!
Jon L. Johnson and the Stock Split Report 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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trade stock
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