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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: BCSI; BIDU; CMI; HURN; MA; MR; NKE; NTGR
New Plays:
Upside:
Play Date: 05/31/2007
BWLD (Buffalo Wild Wings--$85.61; +0.29; optionable): Restaurants. Splits 2:1 on 6-19-07
http://biz.yahoo.com/p/b/bwld.html
EARNINGS: Announced 5-1-07
STATUS: Test 10 day EMA. BWLD broke sharply higher to start May on its announcement and is now making the second test of the 10 day EMA (84.62) after that breakout move. A strong stock will make 4 to 5 bounces up off the 10 or 18 day EMA as it runs higher from its breakout before it comes back toward the 50 day EMA to take a breather. Nice pair of dojis on the candlestick chart the past two sessions as BWLD tests the last strong bounce higher and sets up for the next.
Volume: 350.166K Avg Volume: 374.122K
BUY POINT: $86.25 Volume=550K Target=$99.85 Stop=$84.15
POSITION: BQU GP - July $80c (73 delta) or BQU IQ - Sept. $85c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/bwld.html
Play Date: 05/31/2007
CERN (Cerner--$56.81; -0.30; optionable): Healthcare information services
http://biz.yahoo.com/p/c/cern.html
EARNINGS: Announced 4-19-07
STATUS: Breakout test. CERN surged higher last week, breaking free from a short 6 week base that consolidated the early February breakout from a large 14 month reverse head and shoulders pattern. Big jump on the resumption of the breakout move and now a nice, easy, lower volume test of the 10 day EMA (56.41) that has set up the next move. Volume jumped back well above average Thursday, indicating it is ready to start the move again. Just want to see it log the move to the buy point and we move in.
Volume: 1.438M Avg Volume: 844.603K
BUY POINT: $57.65 Volume=1.2M Target=$66.95 Stop=$55.65
POSITION: CQN IY - Sept. $57.50c (50 delta, 256 OI) or CQN IK - Sept. $55c (63 delta) &/or Stock
http://www.investmenthouse.com/ci/cern.html
Play Date: 05/31/2007
CHAP (Chaparral Steel Company--$73.18; -0.50; optionable): Steel and iron
http://biz.yahoo.com/p/c/chap.html
EARNINGS: Announced 3-20-07
STATUS: Flying plateau. CHAP has moved laterally the past 5 weeks on the 18 day EMA (72.08), consolidating the 7 week run from its mid-March breakout from a 3 month ascending base. Very nice, mostly lower volume lateral test has set up the next move. Money flow is running higher ahead of price even during this consolidation, and we are looking for CHAP to strap up and start the next run.
Volume: 651.362K Avg Volume: 817.627K
BUY POINT: $74.45 Volume=1M Target=$85.95 Stop=$71.88
POSITION: ZHQ JO - Oct. $75c (48 delta) &/or Stock
http://www.investmenthouse.com/ci/chap.html
Play Date: 05/31/2007
TRMB (Trimble Navigation--$29.19; -0.23; optionable): High end positioning devices
http://biz.yahoo.com/p/t/trmb.html
EARNINGS: 5-3-07
STATUS: 50 day EMA test. Taking another look at TRMB as it has set up a nice bounce higher to continue the breakout move. It broke sharply higher in early May after earnings, gapping out of a 13 week cup with handle base. Nice low volume test with a 'get ready' above average volume spike Tuesday as TRMB bounced off support. Strong money flow is holding up nicely as TRMB tests. Volume moved up to average Thursday; looking for stronger volume as it makes the break higher and moves back up through the buy point.
Volume: 603.064K Avg Volume: 552.722K
BUY POINT: $29.88 Volume=650K Target=$34.89 Stop=$28.69
POSITION: TUH HY - Aug. $27.50c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/trmb.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 recommendation
stock investment information
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