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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: BCSI; BIDU; BIIB; BTU; CAT; CNX; CROX; CRZO; EPIQ; ESV; FCX; MA; MR; OIH; RIG; SUN; SWN; WNR; XTO
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/cd/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/cd/crm.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/cd/stld.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/cd/tso.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
CELG: Doji at the 50 day EMA on higher volume indicates it is ready to attempt a rebound after this test.
GOOG: Strong volume as GOOG shot higher. Yep, it was ready.
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 split
stock recommendation
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