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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: BHI; DWSN; EDU; FCX; GRMN; HURN; RIG; SPIL; SPWR; SUN; TRA
New Plays: Still many good stocks set for the upside
Upside:
Play Date: 06/21/2007
NSM (National Semiconductor--$28.50; +0.61; optionable): Semiconductors
http://biz.yahoo.com/p/n/nsm.html
EARNINGS: 9-6-07
STATUS: Double bottom with handle. NSM exploded higher two weeks ago, gapping higher in its 14 month base. It has come back to test, tapping at the 18 day EMA (27.81) and then reversing for a nice gain on rising, above average volume. Money flow is surging higher ahead of the price even as it tests the strong break higher. Looking for NSM to continue higher with the semiconductors, giving us a breakout move.
Volume: 8.897M Avg Volume: 6.602M
BUY POINT: $28.72 Volume=9M Target=$33.00 Stop=$27.45
POSITION: NSM KE - Nov. $25c (74 delta) &/or Stock
http://www.investmenthouse.com/cd/nsm.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/cd/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/cd/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/cd/ma.html
Play Date: 06/21/2007
SUN (Sunoco--$83.76; +1.47; optionable): Oil sands
http://biz.yahoo.com/p/s/sun.html
EARNINGS: Announced 5-2-07
STATUS: Test 18 day EMA. SUN showed some solid volume Thursday as it bounced off the 18 day EMA (81.73) after that Thursday tank. It made a higher high the last round, and though on lower volume, if it can continue this strong volume as it continues higher we are looking to move in to some more positions.
Volume: 3.404M Avg Volume: 3.259M
BUY POINT: $84.28 Volume=4M Target=$94.95 Stop=$81.55
POSITION: SUN KQ - Nov. $85c (50 delta) &/or Stock
http://www.investmenthouse.com/cd/sun.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.
Keep them coming. Will choose the remaining plays this week to replace ISE (buy out), NYX (bomb out), and DRIV.
AAPL, AKAM, CELG, EDU, GME, GOOG, MA, PCLN, NVDA
AKAM: Making a higher low at the 50 day EMA, setting up for a break above the 200 day SMA at 50.
EDU: Clearing the Monday breakout high. A good point for an entry.
GME: Set up for the next break higher.
NVDA: Upgraded and blasted higher.
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.
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stock recommendation
stock investment information
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