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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/cd/artc.html
Play Date: 08/01/2007
CTXS (Citrix Systems--$36.30; +0.13; optionable): Internet info access software
http://biz.yahoo.com/p/c/ctxs.html
EARNINGS: 7-18-07
STATUS: Breakout test. CTXS is working on a nice 15 month cup base, and after gapping higher on earnings it has used the market selling to test, forming a handle to that base. It has filled the gap on earnings, showing a doji Wednesday at the 18 day EMA. Like how it has filled the gap and rebounded to hold near support as most stocks in the market broke apart. Excellent money flow and love this set up for a break higher to jump all over.
Volume: 2.135M Avg Volume: 2.853M
BUY POINT: $37.65 Volume=3.2M Target=$44.95 Stop=$35.55
POSITION: XSQ LG - Dec. $35c (64 delta) &/or Stock
http://www.investmenthouse.com/cd/ctxs.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/cd/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/cd/pki.html
Good Investing!
Jon L. Johnson and The Daily Staff
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 of 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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us stock market
stock recommendation
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