|
|
trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: CPHD; FCSX; ICE; TRMB
New Plays:
Upside:
Play Date: 07/16/2007
RECN (RSCS Connection--$34.53; -0.14; optionable): Professional services (finance, accounting, risk management, information technology, et.
http://biz.yahoo.com/p/r/recn.html
EARNINGS: Announced 7-11-07
STATUS: Breakout test. RECN gapped higher last Thursday on a strong set of earnings. The move blasted RECN out of a 15 week cup with handle base. Tremendous trade as it made the move, and then testing back Friday and Monday, tapping at the 10 day EMA (33.91) on the low and then rebounding to post a modest loss. Volume bumped higher Monday as it tested and rebounded. Nice breakout, and the intraday tap lower Monday as filled the gap. Looking to move in as RECN rebounds from this test and gives us a nice entry point into a strong leader.
Volume: 795.267K Avg Volume: 463.508K
BUY POINT: $34.79 Volume=850K Target=$40.88 Stop=$33.77
POSITION: JUJ KG - Nov. $35c (50 delta) &/or Stock
http://www.investmenthouse.com/ci/recn.html
Play Date: 07/16/2007
UCO (Universal Compression Holdings--$79.62; -0.66; optionable): Natural gas compression services
http://biz.yahoo.com/p/u/uco.html
Earnings: 8-8-07
STATUS: Reverse head and shoulders. This pattern is a bit skewed but it is showing strength as it builds; thus the reason for the skew higher in the right 'shoulder.' UCO broke out of a 16 week cup with handle in early June then formed the current 6 week base. Strong volume the past two sessions as UCO held the 10 day EMA (78.99). Money flow is leading higher and looking for continued solid volume as UCO makes its next break higher toward a new all-time high.
Volume: 928.6K Avg Volume: 456.794K
BUY POINT: $80.88 Volume=650K Target=$94.95 Stop=$77.94
POSITION: UCO KP - Nov. $80c (51 delta, 134 OI) &/or Stock
http://www.investmenthouse.com/ci/uco.html
Play Date: 07/16/2007
UTHR (United Therapeutics--$68.04; +0.09; optionable): Biotech drugs
http://biz.yahoo.com/p/u/uthr.html
EARNINGS: Early August
STATUS: Cup w/handle. After surging up off the 50 day EMA to start the month, UTHR is now moving laterally in a very tight range, forming the handle to its 8 week base. This current pattern is acting as the handle to a much larger 21 month double bottom with handle. Strong money flow and solid fundamentals to go with the pattern. Volume has swelled the past week, a very good indication the breakout is to come.
Volume: 1.156M Avg Volume: 729.136K
BUY POINT: $68.49 Volume=1.2M Target=$78.75 Stop=$66.38
POSITION: FUH KN - Nov. $70c (52 delta) &/or Stock
http://www.investmenthouse.com/ci/uthr.html
New buy point on a current position:
Play Date: 07/16/2007
CLF (Cleveland-Cliffs--$85.04; -1.65; optionable): Steel & iron
http://biz.yahoo.com/p/c/clf.html
EARNINGS: 7-26-07
STATUS: Cup w/handle. After a nice break higher to start July on some solid, above average volume that took CLF off of the 50 day EMA, CLF has started to drift laterally on below average volume. It tapped the 10 day EMA (83.87) on the low and bounced modestly to recoup some losses. This is forming the handle to a 6 week base, i.e. the shakeout of the last sellers after a stock moves up off the bottom of a base. It may take a few sessions to finish the handle, but it can move very rapidly and thus we want to be ready when it makes the next break higher. Solid money flow is leading higher, and we are simply waiting for CLF to make the next move.
Volume: 982.804K Avg Volume: 1.557M
BUY POINT: $86.82 Volume=2.2M Target=$99.95 Stop=$83.77
POSITION: CLF JQ - Oct. $85c (51 delta) &/or Stock
http://www.investmenthouse.com/ci/clf.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.
|
trade stock
stock recommendation
|
