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trade stock, stock symbol
Begin par 3 of 3
THE PLAYS
Good movers: BCSI; BIDU; BTJ; BUCY; CLF; CMI; DO; EDU; FLIR; GMRN; MON; MR; NCTY; NVEC; RIG; RIMM; RL; SLB; SNDA; SPWR; VIP; WNR
New Plays:
Upside:
Play Date: 07/02/2007
AGU (Agrium--$44.54; +0.79; optionable): Chemicals
http://biz.yahoo.com/p/a/agu.html
EARNINGS: Announced 5-3-07
STATUS: Breakout test. AGU surged out of its 9 week double bottom base two weeks back, surging higher on strong volume. It hit 46 on the breakout run, moving to a new all-time high. It came back the past two weeks, tapping at the 18 day EMA last week intraday and then rebounded to hold the 10 day on the close (43.65). Nice test and set up well to continue the breakout move. Great sector and a great stock.
Volume: 751.1K Avg Volume: 1.378M
BUY POINT: $45.25 Volume=1.6M Target=$53.95 Stop=$43.21
POSITION: AGU JI - Oct. $45c (53 delta) &/or Stock
http://www.investmenthouse.com/ct/agu.html
Play Date: 07/02/2007
CY (Cypress Semiconductor--$23.97; +0.68; optionable): Semiconductors
http://biz.yahoo.com/p/c/cy.html
EARNINGS: Announced 4-26-07
STATUS: Cup w/handle. CY showed some solid trade a week back as it broke higher form its 7 week cup base. It then slipped into a lateral move, forming a handle as the 10 day EMA (23.19) rises to catch up with it. That often sends a break higher on the next run. Strong money flow is leading the way and we are ready to step in as it continues the break higher.
Volume: 3.454M Avg Volume: 4.115M
BUY POINT: $24.25 Volume=4.5M Target=$28.95 Stop=$22.89
POSITION: CY LX - Dec. $22.50c (70 delta) &/or Stock
http://www.investmenthouse.com/ct/cy.html
Play Date: 07/02/2007
DVR (Cal Dive Intl.--$16.90; +0.27; optionable): Oil and gas service company
http://biz.yahoo.com/p/d/dvr.html
EARNINGS: Announced 5-2-07
STATUS: Breakout test. A new re-issue in December 2006. We used to trade DVR under its old symbol but who cares what it is? The pattern is solid. It blasted out of a 3.5 month flat base in early April then formed a 9 week cup with handle and gapped out of that in mid-June. It has come back the past two weeks to fill the gap, holding the 18 day EMA (16.58) on lower volume. Excellent action and money flow is moving higher ahead of price. Very nice. Ready to move in as DVR resumes the move higher.
Volume: 423.6K Avg Volume: 548.002K
BUY POINT: $17.15 Volume=825K Target=$20.65 Stop=$16.21
POSITION: DVR JW - Oct. $17.50c (49 delta, low OI) &/or Stock
http://www.investmenthouse.com/ct/dvr.html
Play Date: 07/02/2007
ESV (Ensco Intl.--$62.99; +1.98; optionable): Oil and gas drilling
http://biz.yahoo.com/p/e/esv.html
EARNINGS: 7-24-07
STATUS: Ascending base. ESV is working toward the breakout from a 5 week base, bumping up against the high Monday, looking for the breakout move. This consolidates the late April break higher from a much larger 12 month base. Excellent action. Ready to move in as ESV makes the break higher.
Volume: 2.746M Avg Volume: 2.882M
BUY POINT: $63.38 Volume=4.3M Target=$72.95 Stop=$59.45
POSITION: ESV IL - Sept. $60c (68 delta) or ESV LM - Dec. $65c (45 delta) &/or Stock
http://www.investmenthouse.com/ct/esv.html
Play Date: 07/02/2007
SMSC (Standard Microsystems--$36.32; +1.98; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/s/smsc.html
EARNINGS: Announced 6-27-07
STATUS: Test breakout. SMSC surged out of a nicely formed 10 week reverse head and shoulders in late June on the earnings announcement, blasting higher on strong, strong volume. It made a quick test, and then was back on the move higher on a return to higher volume. Excellent (seem to be saying that quite a bit tonight). Ready to move in as SMSC continues the move higher.
Volume: 477.062K Avg Volume: 282.44K
BUY POINT: $36.58 Volume=300K Target=$43.95 Stop=$34.02
POSITION: SMQ JG - Oct. $35c (64 delta) &/or Stock
http://www.investmenthouse.com/ct/smsc.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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