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stock recommendation, stock option
Begin part 3 of 3
THE PLAYS
New Plays:
Upside:
Play Date: 06/26/2007
ALJ (Alon USA Energy--$43.45; -1.04; optionable): Oil and gas refining
http://biz.yahoo.com/p/a/alj.html
EARNINGS: Announced 5-10-07
STATUS: Breakout test. ALJ is making the second test of the 18 day EMA (42.68) after the early June breakout from its 10 month double bottom with handle base. Excellent volume on the breaks higher shows plenty of buyers as it made the moves. It used the recent market selling to come back and test the near support, fading on very low volume. Basically showing no ill effects, just consolidating the breakout. A strong stock will make 4 to 5 bounces up off the 10 and 18 day EMA after a breakout, and this will be its second. That leaves plenty of upside for ALJ once this little bout of selling runs its course.
Volume: 411.2K Avg Volume: 461.908K
BUY POINT: $44.88 Volume=550K Target=$52.95 Stop=$42.48
POSITION: ALJ IH - Sept. $40c (75 delta) &/or Stock
http://www.investmenthouse.com/cd/alj.html
Play Date: 06/26/2007
ARD (Arena Resources--$55.25; -1.16; optionable): Oil and gas drilling
http://biz.yahoo.com/p/a/ard.html
EARNINGS: Announced 4-19-07
STATUS: Breakout test. ARD has used the market selling to pullback modestly to test the 10 day EMA (54.91). Nice test after a high volume breakout off the 50 day EMA tow weeks back that took it out of a 6.5 month ascending base and to a new all-time high. Hardly giving up any ground on the test and set up in excellent position to continue the breakout move.
Volume: 242.6K Avg Volume: 278.815K
BUY POINT: $57.48 Volume=430K Target=$66.50 Stop=$54.72
POSITION: ARD JK - Oct. $55c (61 delta) &/or Stock
http://www.investmenthouse.com/cd/ard.html
Play Date: 06/26/2007
ININ (Interactive Intelligence--$20.33; +0.94; optionable): Software for contact centers and VOIP
http://biz.yahoo.com/p/i/inin.html
EARNINGS: Announced 5-1-07
STATUS: Cup w/handle. Volume has started to surge as ININ breaks higher from a 6 month nicely formed base that is ready to take it to a 6-year high. Strong 7:4 accumulation in the pattern (7 up price weeks on rising volume to 4 down price weeks on rising volume) shows plenty of buying to send it higher. Nice break to the upside Tuesday and ready to move in as it continues.
Volume: 224.245K Avg Volume: 189.266K
BUY POINT: $20.48 Volume=300K Target=$24.65 Stop=$19.05
POSITION: NQX ID - Sept. $20c (59 delga, 290 OI) &/or Stock
http://www.investmenthouse.com/cd/inin.html
Play Date: 06/26/2007
MTOX (Medtox Scientific--$28.79; +1.69; no options): Medical labs
http://biz.yahoo.com/p/m/mtox.html
EARNINGS: 5-3-07
STATUS: Breakout test. MTOX broke higher from a short yet nicely formed double bottom base. Excellent volume as it surges higher and then used the recent selling to test the move, coming back to the 10 day EMA (27.24) to test on low volume. Bounced Tuesday on rising trade, continuing the break higher. Excellent money flow is surging higher. A leader in its sector and showing excellent action in a weak market.
Volume: 259.874K Avg Volume: 279.472K
BUY POINT: $29.05 Volume=400K Target=$34.95 Stop=$27.05
POSITION: - Stock (no option chain)
http://www.investmenthouse.com/cd/mtox.html
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 option
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