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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: BCSI; BIDU; BIIB; BTU; BUCY; CAT; CNX; CROX; DO; ESV; FCX; GS; GSF; MA; NKE; OIH; RIG; SUN; SWN; UAPH
New Plays:
Upside:
Play Date: 05/30/2007
COH (Coach--$51.15; +2.04; optionable): Handbags, accessories
http://biz.yahoo.com/p/c/coh.html
STATUS: Reverse head and shoulders. Volume surged Wednesday as COH started the breakout from a short 6 week pattern that formed to give the stock a rest after its July to April run. Quite the impressive move and it needed a breather to shakeout and set up the next run. Because COH is so strong, this short base looks to be adequate. A strong stock will make the run up the 18 day EMA and then after 4 to 5 bounces it needs a deeper test. This pattern is giving it a nice test to shakeout some fluff. The strong volume break higher indicates it is ready.
Volume: 6.077M Avg Volume: 3.4M
BUY POINT: $51.57 Volume=3.7M Target=$53.50 Stop=$49.88
POSITION: COH HJ - Aug. $50c (61 delta) &/or Stock
http://www.investmenthouse.com/ci/coh.html
Play Date: 05/30/2007
CRM (Salesforce.com--$48.72; +2.82; optionable): Management software
http://biz.yahoo.com/p/c/crm.html
STATUS: Double bottom w/handle. Strong volume Wednesday as CRM blew past the handle high in its 14 week base that has set CRM up beautifully for a breakout to a new all-time high. Excellent price/volume action in the base has set up the breakout. Like that strong volume.
Volume: 3.87M Avg Volume: 1.6M
BUY POINT: $49.05 Volume=2M Target=$56.50 Stop=$47.04
POSITION: CRM KJ - Nov. $50c (50 delta) or CRM HI - Aug. $45c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/crm.html
Play Date: 05/30/2007
TSO (Tesoro Petroleum--$62.00; +2.18; optionable): Oil and gas refining
http://biz.yahoo.com/p/t/tso.html
STATUS: Flat base. TSO split Wednesday, and it posted a solid gain on solid volume. Indeed, this lower price is bringing in more buyers, something we are seeing quite a bit now that stocks have made such strong runs. Looking to jump in as TSO continues higher on the breakout to a new high.
Volume: 4.572M Avg Volume: 3.251M
BUY POINT: $62.25 Volume=3.5M Target=$71.65 Stop=$58.88
POSITION: TSO HL - Aug. $60c (62 delta)
http://www.investmenthouse.com/ci/tso.html
Play Date: 05/30/2007
VIP (Vimple Communication--$102.93; +0.57; optionable): Russian wireless telecom
http://biz.yahoo.com/p/v/vip.html
STATUS: Ascending base. Looking for one more good run from VIP to cap a strong run over the past 10 months. It has set up this 10 week base as it let the 50 day EMA (97.50) rise to catch up with it. Looks ripe. Just need to see the high volume as it makes its break higher.
Volume: 891.2K Avg Volume: 1.1M
BUY POINT: $103.65 Volume=1.6M Target=$119.50 Stop=$99.88
POSITION: VIQ JA - Oct. $105c (47 delta)
http://www.investmenthouse.com/ci/vip.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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stock split
stock recommendation
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