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trade stock, stock recommendation
Begin part 3 of 3
Note: Full report issues Saturday
THE PLAYS
Good movers: BCSI; BIDU; BMC; CMI; GME; HC; MA; NKE; NTGR; PCLN; WOOF
New Plays:
Upside:
Play Date: 05/31/2007
SVNT (Savient Pharma--$14.22; -0.09; optionable): Biotech
http://biz.yahoo.com/p/s/svnt.html
EARNINGS: 5-7-07
STATUS: Cup w/handle. After a nice low volume test the past week to form the handle to its 17 week base, volume jumped well above average Thursday, the best trade in over a month. Nice set up to a 6.5 year new high. SVNT has made us some solid money in the past on its runs, and it is quietly setting up to do the same.
Volume: 1.067M Avg Volume: 737.403K
BUY POINT: $14.80 Volume=110K Target=$17.95 Stop=$13.85
POSITION: UVP IV - Sept. $12.50c (75 delta) &/or Stock
http://www.investmenthouse.com/ct/svnt.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/ct/trmb.html
Good Investing!
Jon L. Johnson and your Technical Traders Report 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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trade stock
stock recommendation
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