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us stock market, trade stock
Begin part 3 of 3
NOTE: Part 2 will follow part 3 this evening.
THE PLAYS:
Good movers: ATW; BHI; BIDU; BWLD; CCJ; CROX; CXW; DO; ESV; GES; GSF; ICE; KWK; MRO; NE; OSK; RIG; RIMM; SLB; SUN; SWN; WNR; XRAY; XTO
New Post-Split Plays:
Play Date: 06/04/2007
ADBE (Adobe Systems--$44.58; +0.05; optionable): Software (Acrobat Reader, etc.)
http://biz.yahoo.com/p/a/adbe.html
EARNINGS: 6-14-07
STATUS: Ascending base breakout. ADBE gapped higher Thursday on strong volume after some positive analyst comments. It is now testing, moving laterally on very low, below average volume. Solid 7 month base that formed around the 50 day EMA (42.19) as support set up a run higher. Now that it has made the break we just need to see a resumption of the move on rising trade to give us the entry point. Always a leader in the field.
Volume: 4.133M Avg Volume: 6.251M
BUY POINT: $44.95 Volume=700K Target=$51.85 Stop=$43.21
POSITION: AEQ JV - Oct. $42.50c (65 delta) &/or Stock
http://www.investmenthouse.com/cs/adbe.html
Play Date: 06/04/2007
TS (Tenaris--$49.80; -0.05; optionable): Steel and iron
http://biz.yahoo.com/p/t/ts.html
EARNINGS: 8-3-07
STATUS: Double bottom w/handle. Strong break higher Thursday as TS gapped above the 'hump' in its 23 week base. After that break higher it has slid laterally the past two sessions on lower volume, forming something of a handle to its pattern. Nicely formed base that used the 200 day SMA on the two legs, solid break over the hump. Strong money flow is shooting higher ahead of price. Ready to move in as TS turns 50. Very nice.
Volume: 2.279M Avg Volume: 2.025M
BUY POINT: $50.11 Volume=2.5M Target=$57.95 Stop=$48.11
POSITION: TSW IJ - Sept. $50c (55 delta) &/or Stock
http://www.investmenthouse.com/cs/ts.html
New Pre-Announcement Play:
Play Date: 06/04/2007
DRI (Darden Restaurants--$46.71; +0.91; optionable): Red Lobster, Olive Garden, Bahama Breeze
http://biz.yahoo.com/p/d/dri.html
EARNINGS: 6-19-07
STATUS: Flying plateau breakout. DRI is making the break from a 3 week flying plateau that formed to consolidate the early May gap higher from its 7 month double bottom on word it was closing some dog chains. Market loved it, and what we like is that DRI held onto the gains, refusing to give up ground. After a couple weeks of low trade volume moved up to average and better the past two sessions as DRI made the move. Ready to move in as DRI continues higher.
Volume: 1.275M Avg Volume: 1.276M
BUY POINT: $46.89 Volume=1.5M Target=$53.95 Stop=$45.05
POSITION: DRI JI - Oct. $45c (75 delta) &/or Stock
http://www.investmenthouse.com/cs/dri.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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us stock market
trade stock
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