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trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: BCSI; BIDU; DO; IOC; MON; MR; NTGR; RL; SIMO; SPN
New Plays:
Upside:
Play Date: 06/19/2007
ATLS (Atlas America--$54.78; -0.11; no options): Oil and gas drilling
http://biz.yahoo.com/p/a/atls.html
EARNINGS: Announced 4-30-07
STATUS: Test breakout. ATLS is moving laterally on low volume, consolidating the early June surge higher. It has made two strong breaks higher starting mid-May, and it is setting up for a third. Strong money flow is leading the way higher. The moves can be explosive from this one, so when it takes off we need to be ready to move in.
Volume: 71.823K Avg Volume: 169.411K
BUY POINT: $55.65 Volume=250K Target=$63.95 Stop=$53.65
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/ct/atls.html
Play Date: 06/19/2007
CMI (Cummins--$101.17; +4.65; optionable): Diesel engines
http://biz.yahoo.com/p/c/cmi.html
EARNINGS: Third week of July
STATUS: Test breakout. After a surge in April CMI formed a short 5 week cup with handle. It broke sharply higher to start June but then turned right back down. It worked laterally along the 10 day EMA (96.70) and then broke higher Tuesday on rising though still below average volume. Strong money flow is leading the way higher. Looking to move in as CMI continues the move.
Volume: 1.935M Avg Volume: 2.191M
BUY POINT: $101.48 Volume=2.5M Target=$116.85 Stop=$96.65
POSITION: CDM IT - Sept. $100c (57 delta) &/or Stock
http://www.investmenthouse.com/ct/cmi.html
Play Date: 06/19/2007
SPWR (SunPower Corp.--$57.68; -0.69; optionable): Solar power components
http://biz.yahoo.com/p/s/spwr.html
EARNINGS: Announced 4-26-07
STATUS: Cup w/handle. SPWR broke out and surged higher in April with a quick 15 point move. It needed a rest, and the current 7 week base has formed using the key 50 day EMA (53.75) as support. It rallied late last week on strong trade and is now working laterally on lower volume, forming the handle where it shakes out the short term sellers and sets up the breakout move. Very nice pattern and ready to make the move to a new all-time high. Very nice pattern.
Volume: 1.028M Avg Volume: 1.524M
BUY POINT: $58.65 Volume=2.3M Target=$70.50 Stop=$56.05
POSITION: QSU IK - Sept. $55c (65 delta) &/or Stock
http://www.investmenthouse.com/ct/spwr.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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