|
|
us stock market, stock recommendation
Begin part 3 of 3
THE PLAYS
Upside:
Play Date: 08/01/2007
ARTC (Arthrocare--$51.10; +0.48; optionable): Medical appliances
http://biz.yahoo.com/p/a/artc.html
EARNINGS: Announced 7-26-07
STATUS: Breakout test. ARTC surged out of a 10 month cup with handle base on its earnings news. Excellent volume, excellent breakout test as ARTC basically ignores the market and tests toward near support at the 10 day EMA (48.88) on lower volume. Tapped lower and reversed. May be all of the test ARTC gives us and we are looking to move in as it continues higher.
Volume: 603.602K Avg Volume: 379.98K
BUY POINT: $51.65 Volume=600K Target=$59.75 Stop=$48.77
POSITION: ARU LJ - Dec. $50c (57 delta, 124 OI) &/or Stock
http://www.investmenthouse.com/ci/artc.html
Play Date: 08/01/2007
CSCO (Cisco--$29.77; +0.86; optionable): Networking, telecom
http://biz.yahoo.com/p/c/csco.html
EARNINGS: 8-7-07 after the close
STATUS: Test breakout. CSCO held up notably well during the market selling, using it to test its July breakout from a 6.5 month cup with handle base. It held the line at the January high and started back up Wednesday on rising, above average volume. Good show of strength and looking for CSCO to give us a buy point soon. If not before earnings, this is one we want to own into earnings.
Volume: 60.185M Avg Volume: 50.783M
BUY POINT: $30.12 Volume=70M Target=$36.25 Stop=$29.40
POSITION: CYQ JF - Oct. $30c (54 delta) &/or Stock
http://www.investmenthouse.com/ci/csco.html
Play Date: 08/01/2007
LRCX (Lam Research--$57.91; +0.07; optionable): Chip equipment
http://biz.yahoo.com/p/l/lrcx.html
EARNINGS: Announced 7-24-07
STATUS: Breakout test. Another leader that used the market selling to test its breakout, not giving up its pattern, ready to move higher when the selling abated. Strong breakout from an 8 month reverse head and shoulders base, and a good test that held the 18 day EMA (56.58) on the low. Just waiting for the break higher.
Volume: 3.255M Avg Volume: 3.099M
BUY POINT: $59.12 Volume=4.5M Target=$67.98 Stop=$56.38
POSITION: LMQ LL - Dec. $60c (53 delta) &/or Stock
http://www.investmenthouse.com/ci/lrcx.html
Play Date: 08/01/2007
PKI (Perkinelmer--$28.10; +0.27; optionable): Medical instruments
http://biz.yahoo.com/p/p/pki.html
EARNINGS: Announced 7-26-07
STATUS: Breakout test. Nice surge out of a 7 week ascending base on the earnings news. It showed amazing resilience during the selling, tapping at the 10 day EMA (27.54) on the Wednesday low and bouncing positive. Solid volume. Looks ready to surge higher off of this test and give us a nice buy point.
Volume: 1.182M Avg Volume: 750.172K
BUY POINT: $28.42 Volume=1.1M Target=$32.89 Stop=$27.08
POSITION: PKI LE - Dec. $25c (72 delta, low OI) &/or Stock
http://www.investmenthouse.com/ci/pki.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.
|
us stock market
stock recommendation
|
