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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS:
Good movers: BA; BIDU; BIIB; BTU; BUCY; CNX; COP; CROX; DNR; EPIQ; ESV; FCX; GSF; MA; MRO; NKE; NE; PENN; PXP; RIG; SLB; SUN; SWN; WNR
New Post-Split Plays:
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/cs/coh.html
Play Date: 05/30/2007
STLD (Steel Dynamics--$47.45; +1.15; optionable): Steel and iron
http://biz.yahoo.com/p/s/stld.html
STATUS: Test 50 day EMA. STLD is making its second test of the 50 day EMA (44.86) since its late January breakout. Good solid run up the 18 day EMA and then this second dip. Volume surged Wednesday as STLD tested then rebounded on strong volume; the buyers were moving in at this key support level. We are looking to move in as STLD continues its move higher.
Volume: 2.963M Avg Volume: 1.9M
BUY POINT: $47.89 Volume=2.4M Target=$55.45 Stop=$44.75
POSITION: RQL HI - Aug. $45c (68 delta) &/or Stock
http://www.investmenthouse.com/cs/stld.html
New Pre-Announcement Plays:
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/cs/vip.html
New Leader Play:
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/cs/crm.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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stock split
stock recommendation
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