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stock recommendation, stock investment information
Begin part 3 of 3
THE PLAYS
Good movers: ARRS; BIDU; EDU; FLIR; GSOL; RIMM; SNDA
New Plays:
Upside:
Play Date: 06/28/2007
CMTL (Comtech Telecom--$46.49; +2.00; optionable): Telecom equipment
http://biz.yahoo.com/p/c/cmtl.html
EARNINGS: 6-6-07
STATUS: Reverse head and shoulders. Strong volume Thursday as CMTL broke higher out of a short 5 week pattern acting to consolidate the early May breakout from a 21 week cup with handle pattern. Excellent leader with strong fundamentals growth rates to match its pattern that is taking it to a new high. Ready to move in as it continues higher and then on the test. Very nice leader making its move.
Volume: 1.018M Avg Volume: 427.943K
BUY POINT: $46.65 Volume=450K Target=$53.95 Stop=$43.95
POSITION: CQH JI - Oct. $45c (65 delta) &/or Stock
http://www.investmenthouse.com/ct/cmtl.html
Play Date: 06/28/2007
HRS (Harris Corp.--$54.62; +1.15; optionable): Telecom equipment
http://biz.yahoo.com/p/h/hrs.html
EARNINGS: Announced 5-1-07
STATUS: Breakout test. HRS blasted higher just over a week back, clearing its 19 week double bottom base on a shot of strong volume. It has come back to test the past week, holding just over the 18 day EMA (53.01) as it made the test, then bouncing Thursday. Looking for a bit more volume as it continues the move, but a solid leader forging into new high territory.
Volume: 994.77K Avg Volume: 1.116M
BUY POINT: $54.85 Volume=1.2M Target=$63.00 Stop=$52.95
POSITION: HRS KK - Nov. $55c (52 delta) &/or Stock
http://www.investmenthouse.com/ct/hrs.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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