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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: ALJ; BCSI; BIDU; CROX; CRZO; IOC; LYO; SU
New Plays:
Upside:
Play Date: 06/05/2007
FISV (Fiserv--$57.65; -0.52; optionable): Transaction processing, etc.
http://biz.yahoo.com/p/f/fisv.html
EARNINGS: Announced 4-25-07
STATUS: Breakout test. FISV blasted out from a 12 week double bottom of sorts last Wednesday, surging on very strong volume to a new all-time high. It is making a test the past three days, coming back to test the move, showing a doji above the 10 day EMA (56.69) Tuesday on lower volume. Money flow is very strong and after this test FISV is ready to resume the breakout move. Just waiting for a bounce on continued solid volume.
Volume: 2.081M Avg Volume: 1.42M
BUY POINT: $58.05 Volume=2.1M Target=$66.75 Stop=$56.55
POSITION: FQV IK - Sept. $55c (67 delta) &/or Stock
http://www.investmenthouse.com/ct/fisv.html
Play Date: 06/05/2007
UPL (Ultra Petroleum--$62.30; -0.14; optionable): Independent oil and gas
http://biz.yahoo.com/p/u/upl.html
EARNINGS: Announced 5-1-07
STATUS: Cup w/handle. UPL is working on a 5 week handle to a 13 month base, moving laterally along the 18 day EMA (61.43) as it sets up for a breakout move. Some solid Monday upside volume shows some renewed buying. Looking for this to take it out of the base, but we have to wait for it to give us a breakout move.
Volume: 986K Avg Volume: 975.563K
BUY POINT: $63.89 Volume=1.5M Target=$73.50 Stop=$60.55
POSITION: UPL IL - Sept. $60c (62 delta) &/or Stock
http://www.investmenthouse.com/ct/upl.html
Play Date: 06/05/2007
VMC (Vulcan Materials--$120.23; -1.13; optionable): Metal coating, building materials
http://biz.yahoo.com/p/v/vmc.html
EARNINGS: Announced 4-30-07
STATUS: Flat base. VMC is making a higher low at the 10 day EMA (119.17), just below the peaks in a 13 week flat base formed over the 50 day EMA (116.53). This base consolidates a strong January through February run from the breakout from a sweet 9 month cup with handle. Volume has turned higher on the upside sessions in the last part of the base, showing some accumulation as it makes that higher low. It has based out well, and just being patient and waiting for it to show the break higher on strong trade.
Volume: 743K Avg Volume: 994.403K
BUY POINT: $122.65 Volume=1.5M Target=$143.95 Stop=$118.11
POSITION: VMC HD - Aug. $120c (67 delta) or VMC KE - Nov. $125c (50 delta, 55 OI)
http://www.investmenthouse.com/ct/vmc.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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stock recommendation
stock investment information
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