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stock split, stock recommendation
Begin part 3 of 3
THE PLAYS:
Good movers: BUCY; CLB; CMI; FCX; GME; GRMN; GSOL; HURN; ICE; NSM; RIG; RL; XTO
New Pre-Announcement Play:
Play Date: 06/27/2007
DLTR (Dollar Tree--$44.42; +1.43; optionable): Discount variety stores
http://biz.yahoo.com/p/d/dltr.html
EARNINGS: Announced 5-30-07
STATUS: Test 50 day EMA. After a solid run up the 10 and 18 day EMA (now at 42.93), DLTR came back for a test of the 50 day EMA (41.52). It broke out in February and started that strong run, banking us a lot of nice gain on the way. After several rotations up the 18 day EMA it needed a deeper test, and it makde that move this month. Volume jumped the past week as DLTR tested and then moved off the 50 day EMA. Ready to move in as DLTR continues the break higher and starts a new run.
Volume: 2.486M Avg Volume: 1.286M
BUY POINT: $44.85 Volume=1.4M Target=$52.95 Stop=$42.77
POSITION: DQO KV - Nov. $42.50c (67 delta) &/or Stock
http://www.investmenthouse.com/cs/dltr.html
New Post-Split Plays:
Play Date: 06/27/2007
HANS (Hansen Natural--$43.32; +0.38; optionable): Monster drinks, etc.
http://biz.yahoo.com/p/h/hans.html
EARNINGS: Announced 5-7-07
STATUS: Test breakout. HANS broke higher in two weeks back with a high volume gap, clearing its 18 week ascending base. Very nice pattern that formed using the 50 day EMA (40.35) as support. It has come back to test the 18 day EMA (42.29) on lower volume. Nice test and hold, and now we are looking for the break higher on a jump in volume once again. HANS was a big winner for us in 2005 and 2006, and after that long run it needed to rest and get back on track. This base is part of much larger 14 month pattern that has digested all of those prior gains. Now we just patiently wait for it to break higher once more to show us the buyers are still interested.
Volume: 1.263M Avg Volume: 1.774M
BUY POINT: $44.44 Volume=2.1M Target=$52.95 Stop=$42.11
POSITION: QHO LI - Dec. $45c (51 delta, 146 OI) &/or Stock
http://www.investmenthouse.com/cs/hans.html
New Leader Plays:
Play Date: 06/27/2007
PCLN (Priceline.com--$64.86; +0.70; optionable): Online hotel, car travel services
http://biz.yahoo.com/p/p/pcln.html
EARNINGS: Announced 5-8-07
STATUS: Test 18 day EMA. PCLN is testing the last break higher in its continuing run, coming back to the 18 day EMA (63.38) and holding the breakout from its 6 week ascending base. Money flow is running higher ahead of price and with a bit of volume PCLN is ready to follow it. Solid leader with very good earnings growth rates.
Volume: 552.329K Avg Volume: 1.008M
BUY POINT: $65.08 Volume=1.4M Target=$74.95 Stop=$62.78
POSITION: PUZ JM - Oct. $65c (52 delta) &/or Stock
http://www.investmenthouse.com/cs/pcln.html
Continuing Post-Split Plays:
Play Date: 06/21/2007
GME (Gamestop--$40.38; +0.87; optionable): Electronic game stores
http://biz.yahoo.com/p/g/gme.html
EARNINGS: Announced 5-23-07
STATUS: Test 10 day EMA. GME refused to give up any ground on this lateral move and now the 10 day EMA (39.46) has moved up below it. Primed to continue the breakout run here. To recap: GME is testing its last break higher two weeks back, holding the 10 day EMA as it works laterally setting up the next move. 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: 2.006M Avg Volume: 2.334M
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/cs/gme.html
Good Investing!
Jon L. Johnson and the Stock Split Report 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 split
stock recommendation
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