|
|
trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: AGU; CVX; PCAR; SLB; UA; UCO; XTO
New Plays:
Upside:
Play Date: 07/18/2007
CBG (CB Richard Ellis--$40.43; -0.44; optionable): Property management
http://biz.yahoo.com/p/c/cbg.html
EARNINGS: 8-1-07
STATUS: Test breakout. We watched CBG in June as it tried to break higher, but it faded once more to test the 50 day EMA. It finally made the breakout last week and then came back to test this week, tapping at the 10 day EMA (39.68) on the Wednesday low and then rebounding on rising trade. Nice 5.5 month ascending triangle has set up the move but the breakout needed more volume. Trade was not bad, but on this type of pattern you want to see some more. Looking to move in as it continues off of this test of near support.
Volume: 3.196M Avg Volume: 2.349M
BUY POINT: $41.11 Volume=3.5M Target=$47.95 Stop=$39.48
POSITION: CBG LH - Sept. $40c (62 delta) &/or Stock
http://www.investmenthouse.com/ci/cbg.html
New buy point:
Play Date: 07/12/2007
MON (Monsanto--$69.62; +0.24; optionable): Ag chemicals
http://biz.yahoo.com/p/m/mon.html
EARNINGS: 8-27-07
STATUS: Test breakout. MON jumped higher last week on strong, above average volume, moving out of a 4 week lateral move. It tested this week on lower trade, gapping town toward the 10 day EMA (68.40) Wednesday, and then rebounding to close positive on the session on rising, above average volume. Strong money flow, continued good upside volume. Looking to move in as MON continues the bounce back up.
Volume: 4.226M Avg Volume: 3.34M
BUY POINT: $69.89 Volume=3.5M Target=$79.95 Stop=$67.21
POSITION: MON JM - Oct. $65c (69 delta) &/or Stock
http://www.investmenthouse.com/ci/mon.html
New buy point on current positions:
Play Date: 07/18/2007
FCX (Freeport McMoran--$93.10; +1.20; optionable): Copper
http://biz.yahoo.com/p/f/fcx.html
EARNINGS: 7-25-07
STATUS: Test 10 day EMA. Yep, looking at another position on FCX as it comes off this latest test of the 10 day EMA (90.77). FCX broke out from a 12 month base in May and is running up the 10 and 18 day EMA. Long run on the last move, but still had a couple more bounces in it on this run. Want to see some more trade as it continues higher, but like the way it was up in the weak Wednesday market.
Volume: 7.514M Avg Volume: 9.454M
BUY POINT: $93.55 Volume=12M Target=$104.95 Stop=$90.65
POSITION: FCX KS - Nov. $95c (49 delta)
http://www.investmenthouse.com/ci/fcx.html
Play Date: 07/18/2007
VIP (Vimple Communication--$111.67; -1.33; optionable): Russian wireless telecom
http://biz.yahoo.com/p/v/vip.html
EARNINGS: 8-24-07
STATUS: Test breakout. VIP showed a hammer doji at the 10 day EMA (111.57) Wednesday as it tests the strong move higher last week. Of course it flipped back down Monday, but it held its ground at near support Wednesday when the market was weak. Looking to move in again as it rebounds from this test and resumes the run. It can fly when it gets moving.
Volume: 535K Avg Volume: 784.353K
BUY POINT: $113.33 Volume=850K Target=$125.45 Stop=$109.86
POSITION: VIQ JC - Oct. $115c (49 delta, 211 OI)
http://www.investmenthouse.com/ci/vip.html
Play Date: 07/11/2007
CTRP (Ctrip.com International--$83.68; -0.58; optionable): Chinese travel
http://biz.yahoo.com/p/c/ctrp.html
EARNINGS: 8-15-07
STATUS: Breakout test. Still salivating on this one as it continues to tempt. Nice tight star doji at the 18 day EMA on Wednesday on very low trade. Looking for a bounce up here on some rising trade for the buy. Nice. To recap: Very nice test of the last breakout, a surge out of a short 6 week cup with handle base that was formed after the breakout in mid-May from a 15 week base. Wednesday CTRP reached way down to the 10 day EMA on the low (83.36) and rebounded, showing a nice doji with tail that often signals a pullback is over, particularly in a strong stock. Looking to move in as CTRP rebounds from another nice test of a nice breakout.
Volume: 156.153K Avg Volume: 324.877K
BUY POINT: $84.54 Volume=425K Target=$99.95 Stop=$82.48
POSITION: QCT IQ - Sept. $85c (56 delta) &/or Stock
http://www.investmenthouse.com/ci/ctrp.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
|
