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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: DO; EDU; FCX; FLIR; GRMN; RIG; RIMM; SIMO
New Plays:
Upside:
Play Date: 06/21/2007
VSEA (Varian Semiconductor--$40.78; +0.93; optionable): Chip equipment
http://biz.yahoo.com/p/v/vsea.html
EARNINGS: Announced 4-26-07
STATUS: Test 50 day EMA. A nice winner for us earlier in the year, VSEA has fully filled its last gap higher from late April, the exhaustion gap on that move. With the chips starting to move we are looking for VSEA to start a move off of this support and resume its role. Volume was up close to average Thursday as it bounced up off the 50 day. Want to see some strong volume as it continues higher.
Volume: 2.055M Avg Volume: 2.071M
BUY POINT: $41.38 Volume=3M Target=$48.95 Stop=$39.25
POSITION: USJ KH - Nov. $40c (57 delta) &/or Stock
http://www.investmenthouse.com/ct/vsea.html
Play Date: 06/21/2007
WFT (Weatherford International--$57.73; +1.80; optionable): Oil and gas service company
http://biz.yahoo.com/p/w/wft.html
EARNINGS: Announced 4-25-07
STATUS: Test breakout. WFT broke higher from a short 5 week double bottom last week, then dumped back to the 18 day EMA (55.75) on Wednesday. It held and rebounded on more strong volume Thursday. This is part of a much larger 15 month double bottom with handle base, and this action is setting up the breakout to a new all-time high. Have to really like that action. Looking for the good volume to continue as WFT makes its break.
Volume: 6.704M Avg Volume: 4.229M
BUY POINT: $58.48 Volume=5.5M Target=$67.45 Stop=$55.55
POSITION: WFT KK - Nov. $55c (68 delta) &/or Stock
http://www.investmenthouse.com/ct/wft.html
New buy points on current positions:
Play Date: 06/21/2007
GME (Gamestop--$40.05; +0.44; optionable): Electronic games
http://biz.yahoo.com/p/g/gme.html
EARNINGS: Announced 5-23-07
STATUS: Test 10 day EMA. GME is testing near support once again, tapping at the 10 day EMA (38.79) on the Thursday low intraday and then bouncing smartly on rising, average volume. This is one of the periodic tests of the near support it makes as it trends higher after testing the 50 day EMA in mid-May. We are looking for a couple more of these bounces on this run. Showing excellent price/volume action (i.e. higher volume on the upside sessions, lower volume on the down sessions), showing the buyers are in control. Ready to move in as it continues higher.
Volume: 2.152M Avg Volume: 2.313M
BUY POINT: $40.57 Volume=2.5M Target=$48.75 Stop=$38.57
POSITION: GME JH - Oct. $40c (58 delta) &/or Stock
http://www.investmenthouse.com/ct/gme.html
Play Date: 06/21/2007
MA (MasterCard--$164.69; +1.23; optionable): Credit services, etc.
http://biz.yahoo.com/p/m/ma.html
EARNINGS: Announced 5-2-07
STATUS: Test 10 day EMA. Similar to GME, MA tapped the 10 day EMA (157.24) on the Thursday low and rebounded on strong, above average volume. This test completes MA's second pullback to near support after the early May blast off from a very tight flat base. Looking to move in as MA continues the bounce higher.
Volume: 5.783M Avg Volume: 3.365M
BUY POINT: $165.05 Volume=5M Target=$185.00 Stop=$159.89
POSITION: MAL JN - Oct. $170c (50 delta) or MAL HM - Aug. $165c (53 delta)
http://www.investmenthouse.com/ct/ma.html
Play Date: 06/21/2007
MON (Monsanto--$67.17; +1.18; optionable): Agricultural chemicals, hybrids, etc.
http://biz.yahoo.com/p/m/mon.html
EARNINGS: 6-26-07
STATUS: Test breakout. Earnings are next week, but MON has guided higher already. Indeed that gave us that great burst higher with our current position. It is now testing, tapping at the 10 day EMA on the Monday low and then reversing on rising strong volume to post a nice gain. Ready to move in as MON continues higher into earnings.
Volume: 4.441M Avg Volume: 3.122M
BUY POINT: $67.68 Volume=4.7M Target=$77.95 Stop=$64.48
POSITION: MON JM - Oct. $65c (66 delta) &/or Stock
http://www.investmenthouse.com/ct/mon.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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