|
|
trade stock, stock recommendation
Begin part 3 of 3
THE PLAYS
Good movers: CMED; HAL; MTL; PCAR; RIO; SID
New Plays:
Upside:
Play Date: 07/23/2007
AMED (Amedisys--$38.01; -0.34; optionable): Home health care
http://biz.yahoo.com/p/a/amed.html
EARNINGS: 7-31-07
STATUS: Breakout test. AMED is testing the 10 day EMA (37.86) and the breakout last week from its 8 week reverse head and shoulders base. The move took AMED to a new high and on strong volume at that. It has come back to test the past two sessions, back to near support and on lower, and lower volume. Looking for it to hold near this level and then rebound to give us a buy point as it makes the break higher for another new high.
Volume: 236.477K Avg Volume: 438.447K
BUY POINT: $38.88 Volume=550K Target=$44.95 Stop=$37.45
POSITION: CQW LG - Dec. $35c (65 delta, 75 OI) &/or Stock
http://www.investmenthouse.com/ci/amed.html
Play Date: 07/23/2007
CF (CF Industries--$62.62; -1.06; optionable): Ag chemicals
http://biz.yahoo.com/p/c/cf.html
EARNINGS: 7-30-07
STATUS: Test 18 day EMA. CF is in the strong agricultural chemicals group, and it is preparing to make the next bounce off the near support at the 18 day EMA (62.25) as it continues the breakout move from its 12 week ascending base back in early June. Strong volume on the last break higher and then a nice easy low volume test back to the support that has triggered the prior runs higher. Looking for CF to bounce nicely off of this test of support and give us an entry as it runs another 10 to 15 points. Excellent growth in its fundamentals to go along with its pattern.
Volume: 885.1K Avg Volume: 1.356M
BUY POINT: $63.85 Volume=1.5M Target=$76.45 Stop=$62.11
POSITION: CF KM - Nov. $65c (48 delta) &/or Stock
http://www.investmenthouse.com/ci/cf.html
Play Date: 07/23/2007
COP (ConocoPhillips--$85.63; -0.67; optionable): Integrated oil and gas
http://biz.yahoo.com/p/c/cop.html
EARNINGS: 7-25-07 before the open
STATUS: Test 18 day EMA. Nice doji Monday, tapping the 18 day EMA (84.36) on the low and rebounding to post a modest loss on a third day of below average volume. Good to see the lower trade as COP tests its last run higher off the 50 day EMA. COP broke out from a 6 month base in May, tested the 50 day in late June, and then got it in gear, rallying to 90. We are looking to use this test as an entry point and grab on to make a run for 100.
Volume: 12.133M Avg Volume: 12.254M
BUY POINT: $86.39 Volume=14M Target=$99.75 Stop=$84.21
POSITION: COP KG - Nov. $85c (60 delta) &/or Stock
http://www.investmenthouse.com/ci/cop.html
Play Date: 07/23/2007
STP (Suntech Power Holdings--$41.80; -0.54; optionable): Photovoltaic cells and modules
http://biz.yahoo.com/p/s/stp.html
EARNINGS: 8-9-07
STATUS: Breakout test. Big surge in late June through early July, topping out near 45 on that move. It broke out from a 16 week double bottom in early July on some excellent volume, rallying back up to its IPO highs near 45. It has paused at that level and has faded to test, holding at the 10 day EMA (41.54) on lower volume. Excellent set up to give us an entry into this strong stock that sports very strong fundamentals growth rates to go with its pattern.
Volume: 2.249M Avg Volume: 2.637M
BUY POINT: $42.88 Volume=3M Target=$49.95 Stop=$40.92
POSITION: STP LH - Dec. $40c 64 delta) &/or Stock
http://www.investmenthouse.com/ci/stp.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
|
