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stock recommendation, stock investment information
Begin part 3 of 3
We apologize for the late delivery tonight and of late. We have been battling some illness here.
THE PLAYS
Good movers: BIDU; CMI; EDU; MTOX; MVSN; SNDA; TRA; WNR
New Plays:
Upside:
Play Date: 06/28/2007
BRKS (Brooks Automation--$18.49; -0.06; optionable): Chip equipment
http://biz.yahoo.com/p/b/brks.html
EARNINGS: Announced 5-9-07
STATUS: Breakout test. BRKS is moving laterally over the 10 day EMA (18.38) the past two weeks, testing the mid-June breakout from a short but nice 6 week cup with handle base. This base consolidates a year long base in 2006 that yielded a breakout as well. BRKS is building itself back out of a long 3.5 year base. Excellent position to break higher and continue the run.
Volume: 2.119M Avg Volume: 1.129M
BUY POINT: $18.88 Volume=1.7M Target=$22.75 Stop=$18.05
POSITION: BQE JW - Oct. $17.50c (66 delta) &/or Stock
http://www.investmenthouse.com/cd/brks.html
Play Date: 06/28/2007
CALM (Cal-Maine Foods--$16.10; +0.29; optionable): Farm products
http://biz.yahoo.com/p/c/calm.html
STATUS: Breakout test. Another stock that broke higher in mid-June, clearing a 16 week cup with handle base that consolidated a strong 6 point run. Excellent break higher on strong volume, followed by a two week lateral move. Broke higher again Thursday on strong volume though it closed well off the high. Excellent action and ready for the next break higher.
Volume: 508.586K Avg Volume: 208.14K
BUY POINT: $16.29 Volume=250K Target=$19.55 Stop=$15.22
POSITION: QKM KC - Nov. $15c (67 delta) &/or Stock
http://www.investmenthouse.com/cd/calm.html
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/cd/cmtl.html
Play Date: 06/28/2007
CNSL (Consolidated Communications--$23.01; -0.58; optionable): Domestic telecom
http://biz.yahoo.com/p/c/cnsl.html
EARNINGS: Announced 5-10-07
STATUS: Double bottom w/handle. CNSL surged higher Wednesday on very strong, above average volume, making the break from a 20 week base formed just below CNSL's all-time high hit in early February. After the run to a new high and a serious move in 2006, CNSL needed to regroup and set up for the next run. This is a very well formed base, showing excellent volume on the upside sessions the past three weeks. Testing back on lower volume after that strong Wednesday move and we are looking for CNSL to hold and delvier the break higher. It is not a high volume stock but it is so solid we had to put it on.
Volume: 100.018K Avg Volume: 100K
BUY POINT: $23.38 Volume=150K Target=$26.95 Stop=$22.48
POSITION: HQD JX - Oct. $22.50c (61 delta) &/or Stock
http://www.investmenthouse.com/cd/cnsl.html
SUBCRIBER'S CHOICE:
F (Ford--$9.49; +0.21): Ford has really firmed up of late, clearing a 9 month reverse head and shoulders base with a solid move a week back. It tested that move this week and then surged back up on strong volume Wednesday and really moved on Thursday. Very solid action as Ford comes off the bottom of a bit double bottom base spanning 5 years.
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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