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stock split, stock recommendation
Begin part 3 of 3
Full report issues Thursday.
THE PLAYS:
Good movers: BIDU; BUCY; CIEN; CLF; CMI; DO; FCX; GOOG; GRMN; HURN; MICC; MON; NVEC; RIG; RIMM; RL; SLB; SPWR; VIP; WNR
New Post-Split Plays:
Play Date: 07/02/2007
ATW (Atwood Oceanics--$70.32; +1.70; optionable): Oil and gas drilling
http://biz.yahoo.com/p/a/atw.html
EARNINGS: 8-7-07
STATUS: Ascending base. ATW is making the breakout move from a 7 week base formed using the 50 day EMA (64.69) as support. This base followed the March breakout from a 12 month cup with handle pattern that rallied on through early May. It has set up for the next move after this pattern, and we are looking to move in as ATW heads out into the new high waters once more.
Volume: 520K Avg Volume: 517.415K
BUY POINT: $70.56 Volume=600K Target=$81.45 Stop=$67.38
POSITION: ATW IN - Sept. $70c (56 delta) or ATW LO - Dec. $75c (41 delta) &/or Stock
http://www.investmenthouse.com/cs/atw.html
Play Date: 07/02/2007
TTI (Tetra Technologies--$28.68; +0.48; optionable): Oil and gas service company
http://biz.yahoo.com/p/t/tti.html
EARNINGS: 8-3-07
STATUS: Double bottom. TTI has formed a short 5 week double bottom at the tail end of a large 14 month cup base. This last little base within a base is setting up the next breakout move. Indeed, TTI surged higher last Thursday on very strong volume then worked laterally the past two sessions, preparing for the next move. Very solid and looking for volume to bounce up a bit as TTI breaks higher. Nice.
Volume: 1.145M Avg Volume: 1.048M
BUY POINT: $29.11 Volume=1.5M Target=$33.75 Stop=$27.42
POSITION: TTI IE - Sept. $25c (75 delta) or TTI LF - Dec. $30c (45 delta) &/or Stock
http://www.investmenthouse.com/cs/tti.html
New Pre-Announcement Play:
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/cs/esv.html
New Leader Play:
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/cs/smsc.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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