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trade stock, stock recommendation
Begin part 3 of 3
Again, we apologize for the delay this evening. Strong storms knocked us off line for several hours.
THE PLAYS
Good movers: ALY; AMT; CVX; FCX; FFIV; HPQ; ININ; JEC; MA; PCAR; TRMB
New Plays:
Upside:
Play Date: 07/12/2007
ATHR (Atheros Communications--$32.30; +0.62; optionable): Semiconductor integrated circuits
http://biz.yahoo.com/p/a/athr.html
EARNINGS: 7-23-07
STATUS: Ascending base. Volume has jumped up to average the past two sessions as ATHR bumps at the breakout of a short 5 week consolidation as it rests before breaking to a new high. It broke out from a 13 month cup with handle base in late April and rallied to 32 where it formed the current base. Just going to let it show us the breakout move on some more volume. A leader in its sector with strong fundamentals growth to go with its pattern.
Volume: 1.309M Avg Volume: 1.461M
BUY POINT: $32.68 Volume=2M Target=$37.75 Stop=$31.21
POSITION: QRA LF - Dec. $30c (67 delta) &/or Stock
http://www.investmenthouse.com/ci/athr.html
Play Date: 07/12/2007
HAL (Halliburton--$34.99; +0.57; optionable): Oil and gas service company
http://biz.yahoo.com/p/h/hal.html
EARNINGS: 7-23-07
STATUS: Double bottom w/handle. Kind of a stretched out base, a 16 month pattern that has spent the past 8 weeks testing back to form the handle, holding at the 50 day EMA (34.63) the past two weeks. Volume has started to swell the past week, and we are looking for HAL to make the break higher from this key support at the 50 day EMA. Like the volume action; you want to see volume swell at this key support as that indicates the breakout is approaching.
Volume: 18.933M Avg Volume: 18.413M
BUY POINT: $35.42 Volume=22M Target=$40.95 Stop=$34.04
POSITION: HAL JG - Oct. $35c (50 delta) &/or Stock
http://www.investmenthouse.com/ci/hal.html
Play Date: 07/12/2007
MON (Monsanto--$68.45; +2.49; optionable): Ag chemicals, hybrids, Round-Up, etc.
http://biz.yahoo.com/p/m/mon.html
EARNINGS: Announced 6-28-07
STATUS: Flying plateau. Strong volume Thursday as MON bounced up off of its 18 day EMA that marks the bottom of its 4 week lateral range between 66 and 68. This lateral move consolidated the prior strong move that included a gap up in June as MON guided higher. Looking to step in as it continues the break higher.
Volume: 4.726M Avg Volume: 3.271M
BUY POINT: $68.69 Volume=3.5M Target=$78.95 Stop=$65.89
POSITION: MON JM - Oct. $65c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/mon.html
Play Date: 07/12/2007
SCHW (Charles Schwab--$22.48; +0.77; optionable): Investment brokerage
http://biz.yahoo.com/p/s/schw.html
EARNINGS: 7-18-07
STATUS: Reverse head and shoulders. Big volume the past week. It saved the biggest session of trade for Thursday when it broke higher over the right shoulder of a 6 week pattern. Used the 50 day EMA (21) on the low (the 'head') as support and vaulted higher from there. Strong move Thursday and looking to move in as it continues higher. We will then look for a test of this move to complete the position.
Volume: 23.851M Avg Volume: 10.076M
BUY POINT: $22.65 Volume=11M Target=$26.95 Stop=$21.55
POSITION: SHQ LX - Dec. $22.50c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/schw.html
New buy point on a current position:
Play Date: 07/12/2007
ALJ (Alon USA Energy--$45.74; +0.31; optionable): Oil and gas refining
http://biz.yahoo.com/p/a/alj.html
EARNINGS: 8-9-07
STATUS: Test 18 day EMA. ALJ broke out in early June from a 10 month double bottom with handle base, rallying on strong volume. It is currently making its second test of the 18 day EMA (44.69), tapping that support on the low and then rebounding to close positive Thursday on rising, average trade. A strong stock such as ALJ typically makes 4 to 5 bounces off of the 10 or 18 day EMA on its breakout run, and that leaves ALJ plenty more upside as it bounces off near support and continues its run higher.
Volume: 418.8K Avg Volume: 435.697K
BUY POINT: $46.45 Volume=500K Target=$52.45 Stop=$44.31
POSITION: ALJ II - Sept. $45c (57 delta, 126 OI) or ALJ LI - Dec. $45c (52 delta, 194 OI) &/or Stock
http://www.investmenthouse.com/ci/alj.html
Good Investing!
Jon L. Johnson and your IH Alerts 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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trade stock
stock recommendation
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