trade stock, stock recommendation

Begin part 3 of 3

THE PLAYS

Good movers: BCSI; BIDU; HURN; MA; MR; NTGR

New Plays:

Upside:

Play Date: 05/31/2007
CMC (Commercial Metals--$35.15; -0.26; optionable): Steel and iron
http://biz.yahoo.com/p/c/cmc.html
EARNINGS: 3-20-07
STATUS: Test 50 day EMA. CMC is testing the March breakout and run from its 15 week base. It has formed something of a short double bottom the past month as the 50 day EMA (33.12) ran up to catch it. Last week it tapped at that support and bounced right back, forming the right leg to the double bottom. Great volume Wednesday as it broke higher, and looking for more solid trade as it makes the next break to a new high. Still early in the breakout run and plenty of upside to go to work for us.
Volume: 1.384M Avg Volume: 1.373M
BUY POINT: $35.78 Volume=1.8M Target=$41.45 Stop=$34.08
POSITION: CMC IG - Sept. $35c (52 delta) &/or Stock
http://www.investmenthouse.com/cd/cmc.html

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/cd/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/cd/trmb.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

AAPL: Gapped higher, continuing its rather insanely great run. Volume was up Wednesday and Thursday as more buyers came in. We were told Cramer said to sell at least some of your holdings of AAPL. The stock trades 26M shares per day on average; maybe he will have some impact on it. After such a run it is always prudent to take some gain but you have to like the increased volume as it moved higher.

CELG: Still testing the 50 day EMA. We will see how it responds here, i.e. if it is just another deeper test during a continued upside run.

MA: Gapped higher, rallied to 153, then faded. Don't want to cut off any run before its time, but with the huge gain in options it is worth taking some of that off the table.

NVDA: Great volume as it bounces back after the 50 day EMA test.

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.

trade stock
stock recommendation