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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: BCSI; BIDU; CRZO; ICE; IOC; MA; NTGR; WNR
New Plays:
Upside:
Play Date: 05/29/2007
FDP (Fresh Del Monte Produce--$24.37; +0.28; optionable): Farm products
http://biz.yahoo.com/p/f/fdp.html
STATUS: Flying plateau. FDP is moving in a very tight flat range the past two weeks following a gap higher on strong volume. It worked laterally, refusing to give up any gains as the 10 day EMA (23.29) rose to meet it. When that near support catches up with a breakout that often precipitates the next move higher. Indeed, volume jumped the past two sessions as it neared FDP. Looking to move in as it clears this short consolidation. FDP broke a 2 year downtrend in March with a strong move higher. It formed a similar pattern to the current one in March and April before blasting higher. Looks ready to do the same here. Lots of volume, lots of momentum.
Volume: 447.2K Avg Volume: 250K
BUY POINT: $24.57 Volume=325K Target=$29.50 Stop=$23.21
POSITION: FDP IX - Sept. $22.50c (78 delta, 188 OI) &/or Stock
http://www.investmenthouse.com/cd/fdp.html
Play Date: 05/29/2007
OIH (Oil Services Hldrs Trust--$166.62; -1.48; optionable)
http://biz.yahoo.com/p/o/oih.html
STATUS: Test 18 day EMA. Going to the well again so to speak, looking at OIH as it makes a test of the 18 day EMA (164.45) after a nice run that made us some money earlier in May. It broke out from a 14 week cup with handle in April and this is its third test of the 10 and 18 day EMA on the run. That still leaves a couple more good bounces ahead of it, and we are looking to move in when it starts the move back up. Nice doji at the 10 day EMA Tuesday on some rising trade. Want to see more volume as it makes the move.
Volume: 8.202M Avg Volume: 10.5M
BUY POINT: $168.25 Volume=12M Target=$185.00 Stop=$164.35
POSITION: OIH GM - July $165c (59 delta)
http://www.investmenthouse.com/cd/oih.html
Play Date: 05/29/2007
RIG (Transocean--$96.15; -0.39; optionable): Offshore drilling
http://biz.yahoo.com/p/r/rig.html
STATUS: Test 10 day EMA. Very similar to OIH, rig is also testing the 10 day EMA (94.61), making its third test of that level since breaking out from a 17 week cup with handle base in late April. We are saying three to be conservative; two is more like it. In any event, that still leaves plenty of upside for RIG to drill into. Nice low volume test the past two sessions, showing nice dojis over near support. It is set to make the move, it just needs to show us the return of some volume when it rebounds off of this test of near support.
Volume: 3.822M Avg Volume: 6.5M
BUY POINT: $97.34 Volume=7.5M Target=$109.75 Stop=$94.31
POSITION: RIG HS - Aug. $95c (57 delta)
http://www.investmenthouse.com/cd/rig.html
Play Date: 05/29/2007
TMO (Thermo Fisher Scientific--$54.06; +0.06; optionable): Industrial equipment.
http://biz.yahoo.com/p/t/tmo.html
STATUS: Flying plateau. Another stock showing that tight lateral pattern after a strong late April break higher, refusing to give up gains as the 10 day EMA moves to meet it (53.62). Tuesday TMO looked as if it had a mind to make the move, breaking higher to 54.90 before coming back. Volume was up but still below average. Looking for some more upside strength to move into the position. Very nice consolidation following its late April breakout from an 11 week base.
Volume: 1.612M Avg Volume: 2.803M
BUY POINT: $54.48 Volume=4M Target=$62.75 Stop=$52.65
POSITION: TMO IK - Sept. $55c (48 delta) or TMO IJ - Sept.$50c (77 delta) &/or Stock
http://www.investmenthouse.com/cd/tmo.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
AKAM: Cranking up the volume as it dumps lower from that lateral consolidation attempt.
GME: Gapped higher Tuesday on top of the Friday move. If it can sustain this it is a buy.
MA: Strong volume as MA surges out of the lateral consolidation.
PCLN: Holding the 10 day EMA on low trade. Getting ready for the next break higher.
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 investment information
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